Blog

California requires some remote sellers to register with CDTFA and collect and remit sales tax. Moreover, the new use tax collection requirement... Read More

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

Frequently, the IRS audits schedule C sole proprietorships. The IRS has issued hobby rules to help taxpayers determine whether their activities qualify... Read More

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

The Internal Revenue Service (IRS) is aware that “virtual currency” may be used to pay for goods or services, or held for... Read More

The United States Tax Court is established as a court of record under Article I of the Constitution by section 7441 of... Read More

If the CDTFA is auditing your business’s sales tax returns, you may need to become familiar with the CDTFA’s mark up test.... Read More

If you use part of your home for business, you may be able to deduct expenses for the business use of your... Read More

Any purchaser who buys a business or a stock of goods and fails to withhold a sufficient amount of the purchase price... Read More

Every year, under the law known as the Bank Secrecy Act, if you have an FBAR filing requirement, you must report certain... Read More