What is an IRS Audit Reconsideration?
Have you received a notice from the IRS saying your tax return was audited (or the IRS created a return for you)... Read More
Are Mortgage Insurance Premiums Deductible?
Generally, home mortgage interest is any interest you pay on a loan secured by your home (main home or a second home).... Read More
CDTFA Cannabis Taxation Fundamentals
If you own a business in California that sells cannabis and/or cannabis products, the CDTFA will require your business to register with... Read More
The IRS made it easier to set up a payment plan
The Internal Revenue Service has announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their... Read More
EDD ABC Test : What to know about EDD Worker Classification Audits
Assembly Bill (AB) 5 and AB 2257 replaced the common law test with the EDD ABC test to determine whether a worker is an employee... Read More
California Sales Tax Remote Seller
California requires some remote sellers to register with CDTFA and collect and remit sales tax. Moreover, the new use tax collection requirement... Read More
Form 8300 IRS Penalties
Generally, if you’re in a trade or business and receive more than $10,000 in cash in a single transaction or in related... Read More
Does the IRS consider my business a hobby?
Frequently, the IRS audits schedule C sole proprietorships. The IRS has issued hobby rules to help taxpayers determine whether their activities qualify... Read More
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
IR-2021-59, March 17, 2021 The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for... Read More
Is Mining Crypto Currency Taxable?
The Internal Revenue Service (IRS) is aware that “virtual currency” may be used to pay for goods or services, or held for... Read More