Categories: IRS
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...
Categories: IRS
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...
Categories: California Tax Law
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...
Categories: California Tax Law
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....
Categories: IRS
Help! I Got an IRS Audit Notice An IRS audit can be a scary thing. When you receive an IRS audit notice, depending on the type of audit, it’s important to read the notice. It’s important to understand exactly what the IRS is looking at. Generally speaking, you can see the audit notice and the...
Categories: California Tax Law
What is SDI? If you’re a business owner in the state of California, there are several taxes and regulations that need your attention. It’s critical that you pay attention to the rules and comply with the taxing agencies, or you may end up owing the state money down the road. As a tax attorney that...
Categories: California Tax Law
Make Sure You Know the Three California Tax Agencies In the state of California, there are three separate taxing agencies. This is unbelievable. In Wisconsin, there’s the Wisconsin Department of Revenue. In New York, it’s the New York Department of Revenue. Most other states have one agency that handles their taxation. In the state of...
Categories: Federal Tax
What Happens if I Haven’t Filed a Tax Return in Years? I had a client call yesterday who hadn’t filed a business tax return for three years, and hadn’t filed his individual tax return for three years. This becomes overwhelming to people. What do you do? What’s the next step? The most important thing is...
Categories: General Information
Friends of Balboa Park Announces Newest Addition to Board of Directors Friends of Balboa Park is pleased to welcome the newest addition to our Board of Directors, Allison Soares. Allison is the COO and Tax Partner at San Diego law firm Vanst Law. She іѕ also аn adjunct рrоfеѕѕоr аt Sаn Diego Stаtе Unіvеrѕіtу, tеасhing...
Categories: California Tax Law
What Should I Expect from a Franchise Tax Board Audit? *The following article was updated in July 2022* People typically associate the words “tax audit” with the Internal Revenue Service and the federal government. However, California taxpayers can also be audited by the Franchise Tax Board (FTB), the statewide agency that determines the state income...
