Following the longest government shutdown in US history, taxpayers and tax professionals with a case pending in US tax court may have some questions about how to proceed at this point. Following are the answers provided by the IRS to some of the IRS Tax Court FAQs you may have: What should i do if... Read More

Although IRS employees returned to work on January 28, 2019 and resumed activities, many taxpayers who were in the process of an IRS audit when the shutdown began have questions about what to do now. Below are the answers provided by the IRS to some of the IRS audit FAQs you may have: 1. I sent... Read More

If you are a business owner in the State of California and you have individuals working for you, it is critical to know whether those individuals should be classified as independent contractors or employees. The EDD uses an independent contractor test when analyzing the factors to determine whether a worker is an employee or independent... Read More

In spite of having passed through the longest government shutdown in the nation’s history, the IRS has confirmed that the IRS tax filing season will begin on schedule. Read more in the article below. https://www.irs.gov/newsroom/irs-confirms-tax-filing-season-to-begin-january-28

Although the IRS has reopened, some speculate that it could take up to a year to get back to normal. Read more in the article below. https://www.forbes.com/sites/kellyphillipserb/2019/01/27/with-shutdown-over-for-now-irs-stares-down-huge-backlog-as-tax-season-begins/#6c56b549311d

The Freedom of Information Act, also called FOIA, found in 5 U.S.C. 552 gives any person the right to request access of federal agency records or information within the scope of the Act. If you are under audit or dealing with a Revenue Officer, it may be beneficial to submit a FOIA request. Most importantly,... Read More

Per the OVDP FAQ, the 2014 Off Shore Voluntary Disclosure Program closed effective September 28, 2018. The program had been successful in the past, but there had been a significant decline in the number of taxpayers participating in the OVDP as well as an increase in awareness of the IRS offshore tax and reporting obligations.... Read More

Did you know that the IRS only has a certain number of years to collect on a taxpayer’s debt? This time limit is called the Statute of Limitations. The underlying reason for this policy is the idea that a tax system without some sort of deadline for final settlement would be inefficient and ill-advised. As... Read More

IRS FORM 3520: GIFTS FROM A FOREIGN PERSON AND FOREIGN TRUSTS If you are a U.S. person who received a foreign gift of money or other property, you may need to report these gifts on Form 3520. This form is known as the Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain... Read More

IRS Tax Liens: What You Need to Know An IRS tax lien is the government’s legal claim against your property when you have an overdue tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets. A federal tax lien exists after the IRS: Puts your... Read More