*The following article was updated in March 2024* There are few things that provoke such fear in a person than receiving an audit notice from the Internal Revenue Service (IRS). While getting audited can be a scary prospect, it doesn’t mean you necessarily have to face major financial penalties. That being said, if you are […]
Read More + *The following article was updated in March 2024* 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 […]
Read More + *The following article was updated in March 2024* 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 […]
Read More + *The following article was updated in March 2024* An IRS audit can be a scary thing. When you receive an IRS audit notice, depending on the type of audit, it’s important to read the notice. It’s important to understand exactly what the IRS is looking at. Generally speaking, you can see the audit notice and […]
Read More + *The following article was updated in March 2024* I had a client call yesterday who hadn’t filed a business tax return for three years, and hadn’t filed his individual tax return for three years. This becomes overwhelming to people. What do you do? What’s the next step? The most important thing is to take a […]
Read More + Friends of Balboa Park is pleased to welcome the newest addition to our Board of Directors, Allison Soares. Allison is the COO and Tax Partner at San Diego law firm Vanst Law. She іѕ also аn adjunct рrоfеѕѕоr аt Sаn Diego Stаtе Unіvеrѕіtу, tеасhing tаx prосеdurеѕ, prасtісе аnd ethics at SDSU’s Chаrlеѕ W. Lаmdеn School […]
Read More + *The following article was updated in March 2024* People typically associate the words “tax audit” with the Internal Revenue Service and the federal government. However, California taxpayers can also be audited by the Franchise Tax Board (FTB). You might be wondering, what is the Franchise Tax Board (FTB)? It’s the state agency responsible for administering […]
Read More + The IRS is very concerned about payroll taxes. They want to make sure if you are an employee working for a company, that the employer is withholding your payroll taxes and paying them over to the government. So one of the issues businesses have when they are going through a difficult time is they may […]
Read More + *The following article was updated in March 2024* One of the biggest issues facing San Francisco business owners and taxpayers this year is whether they will be faced with an EDD audit. These California Employment Development Department (EDD) state payroll audits occur when a business has classified a worker as an independent contractor instead of […]
Read More + *The following article was updated in March 2024* Most taxpayers and business owners are unaware they can be held personally liable for payroll taxes of workers they consider to be independent contractors. Because of a recent case ruling – Dynamex Operations West, Inc. v. Superior Court of Los Angeles – the California Employment Development Department […]
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