Are EDD Audits Random?

Categories: California Tax Law

I receive many questions from taxpayers and businesses facing audits by the California Employment Development Department (EDD). One of the questions I hear a lot is whether these audits are random, and what a business can do to prevent facing this process. Let’s look at what an EDD audit is, and whether this is random or…

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Why is the IRS Auditing Me?

Categories: IRS

Very few things spark fear in a person more than the receiving a notice from the Internal Revenue Services (IRS) that says you’re being audited. While being audited is a scary prospect, it’s actually a common practice and really just a way for the IRS to make sure your previous tax returns do not have…

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Can I Settle With the IRS Because I Can’t Afford to Pay Them?

Categories: IRS

There’s not a lot scarier than owing money to the Internal Revenue Service (IRS). But the reality is most taxpayers will end up owing money to the IRS at some point in their life. But what happens when you cannot afford to pay your tax burden? I’m often asked the question: Can I settle with…

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How do I Handle an FTB Audit and Protest?

Categories: California Tax Law

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. Other than collecting taxes,…

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California Payroll and Tax Requirements for Businesses

Categories: California Tax Law

If you’re a business in California, be prepared to comply with state payroll and tax requirements. Businesses with one or more employees need to follow specific guidelines set forth by the Employment Development Department (EDD) to assure they’re complying with requirements such as paid sick leave and taxes. Here’s a look at a few other…

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Is the IRS Keeping My Refund?

Categories: IRS

There are not many things more satisfying than filing your tax return and finding out you are getting a refund. Everyone is thrilled when they learn the IRS owes them money. But just because the federal government owes you money, will you actually receive it? Many people ask if the IRS can keep their refund….

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What is SDI?

Categories: California Tax Law

If you’re a business owner in the state of California, there are several taxes and regulations that need your attention. It’s critical that you pay attention to the rules and comply with the taxing agencies, or you may end up owing the state money down the road. As a tax attorney that works with California…

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How Long Does an EDD Audit Take?

Categories: California Tax Law

If you’re a business owner in California and you’re not familiar with the EDD audit, you need to familiarize yourself with the concept. An EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine if the business has classified a worker as…

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Does Prize Money get Taxed?

Categories: Federal Tax

A common question people have about taxes is whether prize money is considered taxable income. And further, whether athletes pay tax on prize money. Here’s a look at how the IRS and the state of California classify prize money when it comes to taxes. Prize money is considered any money received from awards, raffles, lottery…

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