Assessment vs Collections

Categories: California Tax Law

Assessment of an attorney

Assessment vs Collections Understanding the Two Sides of Taxing Agencies Many successful business owners, attorneys, doctors, accountants have called me and said “money has just been taken from my business account” and I don’t know what’s going on. This is one of the biggest issues business owners and taxpayers have when confronted by a tax…

Read More

What is unique about doing business in California?

Categories: California Tax Law

Bridge in Orange County

What is unique about doing business in California? Most business owners do not realize that when you do business in California, you have to deal with three separate tax agencies. If you were doing business in Wisconsin, for example, you would only be working with the Wisconsin Department of Revenue. If you were working with…

Read More

Why Did the Tax Agency Levy My Bank Account?

Categories: California Tax Law

I had a client call me last week and said, “I’d been working with the government agency and with the EDD … why would they levy my bank account?” It’s really important to understand what side of the agency you’re on. Each taxing agency has an assessment side and a collection side. The collections department…

Read More

What is an IRS Exam Change?

Categories: IRS

At the end of an IRS audit, you will get an exam change. It is a two page form that explains exactly what the adjustments are. Most of the time, there will be additional documents on the back of the exam change. They give more of the details, but the real meat and potatoes are…

Read More