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When you file a joint income tax return, the law makes both you and your spouse responsible for the entire tax liability,... Read More

California has passed legislation to allow owners of pass though entities such as partnerships and S-Corporations to bypass the state and local... Read More

In Revenue Ruling 2019-11, posted on IRS.gov, the IRS provided four examples illustrating how the long-standing tax benefit rule interacts with the new... Read More

Section 170(a) provides, subject to certain limitations, a deduction for any charitable contribution, as defined in § 170(c), payment of which is... Read More

The Internal Revenue Service (IRS) makes every effort to examine tax returns as soon as possible after they are filed. Moreover, an... Read More

What is the Employee Retention Credit? The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent... Read More

The Tax Branch (TB) of the Employment Development Department (EDD) administers the collection, accounting, and auditing functions of California’s payroll tax program.... Read More

How does a business know if it has a California sales tax nexus? Even though use tax is owed by consumers, RTC... Read More

If you have filed a bankruptcy, your IRS statute of limitations may be affected. Most people who are considering bankruptcy are doing... Read More

Debt exists where you borrow money and are legally obligated to repay a fixed or determinable amount at a future date. You... Read More