What are the Penalties for Late Payment of Payroll Taxes?

Categories: IRS

I’m often asked by business owners what will happen if they are late paying payroll taxes to the Internal Revenue Service (IRS). Employers should be collecting payroll taxes for every employee (with the exception of independent contractors). They are typically calculated as a percentage of the salaries that employers pay their staff, and they generally…

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Mayor Appoints Allison Soares to Balboa Park Committee

Categories: General Information

San Diego Mayor Todd Gloria appointed Allison Soares to the City of San Diego’s Balboa Park Committee. The Committee serves in an advisory capacity to the Mayor, the City Council and City Manager on policy issues relating to the acquisition, development, maintenance and operation of Balboa Park. She was officially confirmed by the San Diego City…

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Is the IRS Keeping my Refund?

Categories: IRS

One of the best feelings is filing your taxes and realizing you’re entitled to a refund. The thought of money coming into your pockets is an exciting thing. However, there are a few circumstances in which the IRS may keep your refund, especially if you owe them money in back taxes. Let’s look at the…

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Do You Have to Pay Taxes on Profit from Selling a House?

Categories: IRS

I’m often asked by homeowners about potential taxes they may owe when they sell their house. Many individuals wonder if they make a profit, do they owe part of that profit to the Internal Revenue Service in the form of capital gains taxes. The answer, as always when it comes to taxes and law, is…

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What Happens if I Receive an Inquiry of Record Notice?

Categories: California Tax Law

One of the most common audit calls I receive is from businesses who get an inquiry of record notice, or a pre-audit questionnaire. The EDD is going to audit you for three years. What they want to do is they’re looking for the independent contractors that you have paid, and they are looking to reclassify…

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The Two Sides of the Taxing Agencies

Categories: General Information

There are two different sides to every taxing agency. There’s the assessment side and the collection side. On the assessment side, when you file a tax return, you’re self assessing yourself. You’re saying, hey, government, I owe you $10. You can also be assessed by going through an audit, you review the documentation with the…

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What is a California Residency Audit?

Categories: California Tax Law

Recently, I’ve gotten a lot of phone calls from people wanting to leave California. They don’t want to deal with the taxes or the regulation. And people call and want to know about residency audits. The State of California has three classifications for an individual: you’re a resident, you’re a non-resident, or you’re a partial-year…

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Understanding IRS International Compliance: The Streamline Program

Categories: IRS

Understanding the IRS international compliance problems can be daunting. Some people are born in another country, have family members in another country, somebody passes away. Now they have a bank account or a piece of property that’s in their name. There are certain requirements when you file your tax return, you need to disclose these…

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Help! My Dental Office Received an EDD Audit

Categories: California Tax Law

I’ve received a lot of calls from California dental practices that are facing an EDD audit. If you’re a dentist or dental office, and if you’ve ever hired an independent contractor, you may want to familiarize your practice with the EDD audit. These California Employment Development Department (EDD) state payroll audits occur when a business has…

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Do I Have to Pay California Income Tax If I’m Moving?

Categories: California Tax Law

Most people don’t want to pay California taxes. They end up contacting me because they are going to move to Florid, Texas or Nevada. I warn them to make sure they actually decided to relocate, move their family, move their house, move their driver’s license, move their car registration. If they’re actually moving and intend…

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