FTB TAX LIENS 101
What is an FTB Tax Lien? A lien is a charge upon real or personal property to satisfy debt ordinarily arising by... Read More
FTB STATUTE OF LIMITATIONS FOR COLLECTION OF A TAX LIABILITY
How Long Is the FTB Statute of Limitations? The California Franchise Tax Board, or FTB, is the agency tasked with determining and... Read More
SOLE PROPRIETORSHIP TAX PRIMER
Sole Proprietorship Tax Primer A schedule C is a business that is a sole proprietorship. A sole proprietorship is the simplest business... Read More
FTB STATUTE OF LIMITATIONS FOR ASSESSMENT
The question often arises how to address a taxpayer’s FTB tax returns after an IRS audit. In addition, generally how long is... Read More
2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18
IR-2016-167, Dec. 9, 2016 WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23,... Read More
CALIFORNIA DEPARTMENT OF TAX AND FEE ADMINSTRATION SETTLEMENT PROCEDURES
During the audit stage, the SBOE auditor will present his or her findings to you. If you disagree with a decision of... Read More
WHAT ARE THE DIFFERENCES BETWEEN THE FBAR AND IRS FORM 8938?
There are significant differences between the IRS form 8938 and the FBAR form. Each form is unique and must be prepared with... Read More
FBAR STATUTE OF LIMITATIONS FOR PENALTY ASSESSMENT
The general statute of limitations for the IRS to assess tax or a civil penalty is three years from the filing of... Read More
BANKRUPTCY AND DISCHARGING TAX LIABILITIES
Are Taxes Dischargeable in Bankruptcy? If you owe past due federal taxes that you cannot pay, bankruptcy may be an option. As... Read More
IRS WARNS TAX PROFESSIONALS OF NEW E-SERVICES EMAIL SCAM
IR-2016-145, Nov. 4, 2016 WASHINGTON – The Internal Revenue Service today issued an urgent alert to tax professionals who use IRS e-services... Read More