Are California State Tax Returns Subject to IRS Audits?

Categories: California Tax Law

Are California State Tax Returns Subject to IRS Audits? Whether it’s state or federal, receiving a notice that you are being audited is enough to send anyone into a panic. An audit is always serious and should be dealt with head on; however, it does not need to disrupt your entire life or business. Most...

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Is Your Business at Risk for an Employee Retention Credit Audit?

Categories: IRS

Is Your Business at Risk for an Employee Retention Credit Audit? Everyone was affected in some way by the COVID-19 pandemic. Many small businesses struggled to stay afloat and meet payroll. To incentivize businesses to keep paying their employees during such a challenging time, the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided for...

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IRS Letters You Should Never Throw Away

Categories: IRS

IRS Letters You Should Never Throw Away Receiving a letter from the IRS can immediately trigger anxiety, even if it’s informational and does not require action on your part. That being said, the worst thing you can do with IRS communications is to ignore them. Oftentimes, letters from the IRS are not a cause for...

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Can I Face The IRS Audit Alone?

Categories: IRS

Can I Face The IRS Audit Alone? Receiving notice from the IRS that your business is being audited can be scary. Even if you are certain you did nothing wrong, an IRS audit can be unsettling and time consuming. There is no need to panic though, especially if you hire an experienced San Francisco tax...

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Getting To Know 6 Small Business Tax Deductions

Categories: IRS

Getting To Know 6 Small Business Tax Deductions Something I hear often from small business owners is that the cost of doing business can be a lot. Afterall, if you are the sole owner, you are the one paying all the expenses and managing operations. When it comes tax time, you want to make sure...

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Gig Workers Face New Federal Tax Regulations

Categories: Federal Tax

Gig Workers Face New Federal Tax Regulations The topic of gig workers has been a frequent point of conversation of late, especially with respect to the new tax laws surrounding their way of making a living. From Uber and Lyft drivers to Etsy and Ebay sellers, gig workers have become an important part of the...

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Four Reasons For Corporate Audits

Categories: IRS

Four Reasons For Corporate Audits Being audited by the IRS is a fairly common experience for corporate business owners. While it can be unsettling to receive a notice of audit, it’s not something you should fear, especially if you work with an experienced tax attorney. I often receive questions from San Francisco business owners about...

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I Have Tax Problems. Should I Consider a Tax Debt Settlement?

Categories: IRS

I Have Tax Problems. Should I Consider a Tax Debt Settlement? I receive a lot of questions from worried taxpayers about tax debt and what they can do to help solve their tax problems. While tax debt is intimidating, especially with the IRS involved, it doesn’t have to consume your life. The IRS does provide...

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How To Be Eligible For The IRS Fresh Start Program

Categories: IRS

How To Be Eligible For The IRS Fresh Start Program It’s not uncommon to struggle with paying your federal taxes. I hear from individuals who, through no fault of their own, just cannot pay the IRS when taxes come due. Luckily, the IRS has a special program to help. The IRS Fresh Start program is...

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Can The IRS Audit My Net Operating Loss?

Categories: IRS

Can The IRS Audit My Net Operating Loss? Taxpayers often ask me if a net operating loss can be a problem for their small business or corporation, and whether the IRS can audit the net operating loss. This is not a simple question because, like many business tax questions, the answer depends on a few...

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