The Four Types of IRS Audits

Categories: IRS

The Four Types of IRS Audits IRS audits can be a scary thing for some business owners. There are generally four different types of IRS audits: correspondence audits, office audits, field audits, and program audits. An IRS correspondence audit is exactly that; you receive a letter from the IRS and you’re going to respond to...

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Independent Contractors vs. Employees: What California’s New Law Means for Your Business

Categories: California Tax Law

California road scenery.

Independent Contractors vs. Employees: What California’s New Law Means for Your Business California’s new law, Assembly Bill (AB) 5, went into effect on January 1 of this year, and it’s already raised several questions for both companies and independent contractors about what it means for their future business dealings. AB5, also known as the “The...

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How Do I Handle an IRS Audit?

Categories: IRS

IRS audit

How Do I Handle an IRS Audit? 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 facing...

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Can the Voluntary Classification Settlement Program Help Me Avoid an IRS Audit?

Categories: California Tax Law

lawyer with strategies

Can the Voluntary Classification Settlement Program Help Me Avoid an IRS Audit? If you’re a California taxpayer and business owner, chances are you’ve heard of the EDD audit. This occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine if the business has classified...

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I Got Hit with an IRS Audit. What Should I Do?

Categories: IRS

An auditor ready to help

I Got Hit with an IRS Audit. What Should I Do? Have you received a notice from the Internal Revenue Service (IRS) stating that you’re being audited? You’re not alone. Many California taxpayers go through the IRS audit process at some point. The first thing to understand is how the IRS selects individuals or businesses...

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Why is the IRS Auditing Me?

Categories: IRS

Lawyer with question for an audit.

Why is the IRS Auditing Me? 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 sure your...

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Can I Settle With the IRS Because I Can’t Afford to Pay Them?

Categories: IRS

Income tax file forms.

Can I Settle With the IRS Because I Can’t Afford to Pay Them? 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...

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How do I Handle an FTB Audit and Protest?

Categories: California Tax Law

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How do I Handle an FTB Audit and Protest? If you’re a California resident or taxpayer, you’ve likely owed money to the Franchise Tax Board (FTB) at some point in your life. The job of the FTB is to administer the California Revenue and Taxation Code. Essentially, the FTB collects the tax money you owe...

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California Payroll and Tax Requirements for Businesses

Categories: California Tax Law

Payroll in California.

California Payroll and Tax Requirements for Businesses If you’re a business in California, be prepared to comply with state payroll and tax requirements. Businesses with one or more employees need to follow specific guidelines set forth by the Employment Development Department (EDD) to assure they’re complying with requirements such as paid sick leave and taxes....

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Is the IRS Keeping My Refund?

Categories: IRS

Dollar for a refund.

Is the IRS Keeping My Refund? There are not many things more satisfying than filing your tax return and finding out you are getting a refund. Everyone is thrilled when they learn the IRS owes them money. But just because the federal government owes you money, will you actually receive it? Many people ask if...

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