If you’re a California resident or taxpayer, you’ve likely owed money to the Franchise Tax Board (FTB) at some point in your life. The job of the FTB is to administer the California Revenue and Taxation Code. Essentially, the FTB collects the tax money you owe to the state of California. The FTB also conducts […]
Read More + When the words “IRS auditor” are mentioned, so many people conjure up an image of an individual sitting amongst stacks of paperwork with intense scrutiny and big red AUDIT stamps. While audits can be nerve-wracking, understanding the role of an IRS auditor can help put your mind at ease about the process and provide clarity […]
Read More + During the years of the COVID-19 pandemic, the government tried to incentivize businesses to continue paying their employees by providing the Employee Retention Credit (ERC). This was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC was a refundable tax credit and offered to eligible businesses that continued paying their employees […]
Read More + The word “audit” is sure to strike fear in most individual taxpayers and business owners. After all, nobody wants to receive a letter from the Internal Revenue Service (IRS) stating their tax returns and financial matters are being investigated. While you can’t predict exactly when the IRS will decide it wants to audit you, there […]
Read More + Many people find it hard to believe that, in the state of California, there are three separate taxing agencies. In Wisconsin, there’s the Wisconsin Department of Revenue. In New York, it’s the New York Department of Revenue. Most other states have one agency that handles their taxation. In the state of California, we have three […]
Read More + I often receive questions about social security benefits and whether it is considered taxable income, especially by the state of California. The answer is: it depends. Social Security benefits, including survivor and disability benefits, are not taxed in California. Social Security benefits, including retirement, survivor, and disability benefits, are not subject to California state income […]
Read More + The words “IRS audit” are enough to trigger panic in any San Francisco taxpayer. While the prospect of an audit can be scary, audits are actually very common and not, necessarily, a reason to panic — especially when you have all the proper records and documentation in place. Let’s look at the records and documents […]
Read More + It’s so common these days for people to have a side hustle in addition to their regular job or business. And why not? A side hustle offers a great way to earn some additional income. That being said, a side hustle is sometimes less than an income source and more of a hobby. San Francisco […]
Read More + As a tax attorney, I can think of no other than these two words that invoke fear in the hearts of people: IRS audit. After all, nobody wants to receive a letter from the Internal Revenue Service (IRS) stating their tax returns and financial matters are being investigated. I receive so many questions from San […]
Read More + IRS employees are overworked and have very stressful jobs. And in most cases, IRS employees are also underpaid. Here are five simple ways you can have a successful result when dealing with the IRS. Be nice. IRS agents have horrendous jobs and have to listen to grumpy taxpayers all day long. Take some time to […]
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