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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...
Categories: California Tax Law
My Former Worker Filed for Unemployment and the EDD is now Auditing Me. What Can I Expect? *The following article was updated in December 2022* One of the big red flags that can trigger an EDD audit is when a former worker files for unemployment. This type of audit occurs when the California Employment Development...
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...
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...
Categories: California Tax Law
Are EDD Audits Random? 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 San Francisco business can do to prevent facing this process. Let’s look at what an EDD audit is,...
Categories: California Tax Law
I Owe the EDD Money. How Do I Pay the EDD What I Owe? You’ve gone through the process of an EDD audit and now you owe the state of California money. Like many San Francisco business owners and taxpayers, you may be wondering how to pay those penalties. The EDD works through the Central...
Categories: California Tax Law
Don’t Want an EDD Audit? Get Your Business on Payroll! Since the pandemic started to ease slightly in 2021, the Employment Development Department (EDD) accelerated their audits on California businesses. An EDD audit is a state payroll audit that generally occurs when a business has classified a worker as an independent contractor instead of an...
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...
Categories: California Tax Law
What is the Statute of Limitations for an EDD Audit? Many San Francisco business owners have been faced with a new challenge over the last several years, and that is the EDD audit. This type of audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax...
Categories: IRS
What Are Five Common Small Business Tax Questions? Owning a small business is quite different from running a large company, as small business owners often face different issues and tax questions than that of those who manage a corporation or LLC/LLP. I receive a lot of questions from self-employed individuals and small business owners in...
