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Every year, under the law known as the Bank Secrecy Act, if you have an FBAR filing requirement, you must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department and keep certain records... Read More

In December 2020, the United States Tax Court will be launching DAWSON (Docket Access Within a Secure Online Network), the Court’s new case management system. The Court expects DAWSON to be active no later than December 28, 2020. Beginning at 5:00 PM... Read More

If you or your business are doing business in California, you are subject to California tax laws. The CDTFA or FTB may audit your business or issue a demand that the taxpayer file a tax return. The state of California considers you... Read More

Many taxpayers wonder if they should file an FTB claim for refund. A claim for refund is a request for reimbursement of amounts that you have previously paid. Generally, if you have paid your balance in full you will file a formal claim.... Read More

The CDTFA has an array of penalties that they can assess against taxpayers in CDTFA audits. There are penalties that can result from CDTFA audits or in other situations. The reasons for interest and penalty charges vary. For example, the CDTFA can... Read More

Purpose of Form IRS Form 5471 is used by certain U.S. persons who are officers, directors, orshareholders in certain foreign corporations. Moreover, the form and schedules are used to satisfy the reporting requirements of sections 6038 and 6046, and the related regulations,... Read More