FOREIGN TRUST REPORTING REQUIREMENTS: IRS FORM 3520-A
Foreign Trust Reporting Requirements Although there are a myriad of reasons why a U.S. person might create a foreign trust, or have... Read More
IRS SPECIAL ENFORCEMENT PROGRAM AUDIT
What is an IRS SEP Audit? If you have or your business has been selected for an IRS audit, it is important... Read More
THE IRS PLANS TO REINSTATE PRIVATE DEBT COLLECTION
If you have a tax liability with the IRS, you may be interested to know about a new program of the IRS.... Read More
CALIFORNIA SALES TAX OFFERS IN COMPROMISE AND THE IN BUSINESS OFFER IN COMPROMISE
CDTFA OFFERS IN COMPROMISE The State Board of Equalization allows taxpayers to request a settlement of their tax liabilities for less than... Read More
FTB TAX NOTICES 101
What Does My FTB Tax Notice Mean? If you have an FTB tax liability, it is very important that you monitor the... Read More
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