Is Bankruptcy an Option For Tax Debt?

Categories: IRS

Is Bankruptcy an Option For Tax Debt? I often receive questions about tax debt and whether it can be relieved through filing for bankruptcy. Many types of debt, such as credit cards and unsecured loans, can be discharged through filing either Chapter 7 or 11. When it comes to owing money to the Internal Revenue...

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How Often Do Small Businesses Get Audited?

Categories: IRS

How Often Do Small Businesses Get Audited? I often receive phone calls from small business owners concerned they will be the target of an IRS audit. The prospect of an audit is scary. However, the reality is that only a small fraction of small businesses actually get audited. That being said, if you are among...

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How Long Does an EDD Audit Take?

Categories: California Tax Law

Calendar marking an audit.

How Long Does an EDD Audit Take? If you’re a business owner in San Francisco and you’re not familiar with the EDD audit, you need to familiarize yourself with the concept. An EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine...

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Did Your Production Company Receive an EDD Audit Notice?

Categories: California Tax Law

Did Your Production Company Receive an EDD Audit Notice? If you run a production company and recently received a notice of audit from the California Employment Development Department (EDD), you’re not alone! I’ve received several inquiries from production companies facing an EDD audit. These state payroll audits occur when a business has classified a worker...

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Four Things NOT to Do When You’re Being Audited

Categories: IRS

Four Things NOT to Do When You’re Being Audited I receive so many panicked calls from individuals and San Francisco business owners who receive a notice of audit from the Internal Revenue Service (IRS). The reaction of fear is understandable, as nobody wants to deal with their tax records being scrutinized and possibly owing money...

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Why Hiring a Tax Attorney is Cost Effective and Not Scary

Categories: California Tax Law

Why Hiring a Tax Attorney is Cost Effective and Not Scary For some people, just hearing the word attorney strikes fear deep into their soul. This is especially true when it comes to taxes and dealing with the IRS. So many individuals think working with a lawyer is a costly and scary prospect. In fact,...

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How Do I Appeal an EDD Assessment?

Categories: California Tax Law

Businessman calculating for an assessment.

How Do I Appeal an EDD Assessment? *The following article was updated in February 2022* One of the most common questions I receive is how can California business owners and taxpayers appeal an EDD audit assessment. It’s a great question and one that should be addressed with an experienced EDD appeal attorney near you. Before...

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How are Bonuses Taxed in California?

Categories: California Tax Law

How Are Bonuses Taxed In California? There’s always something very exciting when you hear you’ll be receiving a bonus from your employer. However, that excitement can often lead to disappointment when you realize you not only have to pay taxes on the bonus, but oftentimes, it’s more tax than expected. In California, bonuses are taxed...

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