People often ask me what they should do when they want to talk with a government taxing agent, but they do not have the money or resources to hire an attorney. This is a very common question among San Francisco tax payers and business owners. It’s perfectly fine to reach out to a representative from […]
Read More + California is one of the most sought-after places to live. However, the Golden State’s highest individual income tax rate is 13.3%. I receive a lot of phone calls from individuals who are about to sell their business or a large asset and they don’t want to pay California income tax on that sale. Unfortunately, if […]
Read More + Most business owners are familiar with the IRS and also the California Employment Development Department (EDD). But there’s an equally important department that every business owner needs to be aware of — the California Department of Tax and Fee Administration (CDTFA). I am often asked by California tax payers and San Francisco business owners what […]
Read More + I’m often asked by California business owners and taxpayers the best way to handle an IRS audit. While receiving an initial audit letter from the IRS often evokes panic, the audit process is really not something you need to fear. It’s a fairly common practice and, when you work with an experienced tax attorney, you […]
Read More + Getting Married or Divorced? Your Tax Status Will Also Change Whether you will soon be married or divorced, both those types of life transitions are stressful and bring about quite a bit of change. One of those changes is with the Internal Revenue Service (IRS) and your tax status. The IRS considers a couple married, […]
Read More + Are Lawsuit Settlements Taxable? Many people look at the end of a lawsuit as a relief, especially if it involves a settlement. While it’s definitely a good thing to rejoice when a financial settlement is granted, it also comes with questions about whether an individual is required to pay taxes on the money they are […]
Read More + Getting Married? Essential Tax Tips for Newlyweds Summer is often thought of as wedding season and getting married is a great milestone moment. Weddings are always an exciting occasion, from planning the ceremony to cake tastings and honeymoon planning. That being said, there are more things to consider with marriage than the wedding itself — […]
Read More + IRS audits are often the “hot button” topic when it comes to taxes and audits. However, if you’re a California business owner and taxpayer, you should also be familiar with the EDD audit, especially if you’ve ever hired an independent contractor. The California Employment Development Department (EDD) state payroll audits occur when a business has […]
Read More + Understanding the CDTFA Audit Process When it comes to tax audits, most people’s minds immediately think about the IRS. But if you’re doing business in California, the California Department of Tax and Fee Administration (CDTFA) is the agency responsible for state sales tax and potential audits. The CDTFA generally reviews retailers who sell items at […]
Read More + A question I’m asked quite frequently is whether an IRS audit could potentially affect your credit score in California. The short answer is that an IRS audit itself will not affect your credit score. However, the consequences of an audit could indirectly impact your credit score, particularly if it leads to unpaid tax liabilities. Let’s […]
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