Categories: IRS
I receive so many panicked calls from individuals and 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 to the IRS. However, it’s important to keep in mind that...
Categories: IRS
Receiving an audit notice from the Internal Revenue Service (IRS) can be a scary feeling. So many people see that letter and immediately start to panic. But rest assured, an audit is not something to fear, nor does it mean you’ll be facing heavy financial penalties. Here’s what you should do when you’re being audited...
Categories: California Tax Law
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, I’ve had so many people ask me if the government will...
Categories: California Tax Law
Voluntary Plan for Disability Insurance (VDPI) *The following article was updated in February 2022* When it comes to California tax returns, there are a lot of questions about what expenses are deductible and what are not. One area that is often asked about is the Voluntary Plan for Disability Insurance (VDPI). Let’s look at what...
Categories: Federal Tax
Help! What Do I Do If the IRS is Auditing Me for Underreported My Income? *The following article was updated in February 2022* Tax season is officially upon us! It’s this time of year that I often receive panicked questions from clients telling me they’re being audited by the Internal Revenue Service (IRS) because they...
Categories: IRS
Receiving an audit notice from the IRS is scary. But receiving one in the midst of a global pandemic, and at a time when your business may already be feeling the effects of that, can be even more overwhelming. Here are five things to do if you find you’re being audited during the COVID-19 pandemic....
Categories: California Tax Law
I often receive questions about social security benefits and whether it is considered taxable income, especially by the state of California. The answer is: it depends. Social security benefits are not taxable by the state of California. However, social security benefits may be taxable by the federal government. Let’s look at why this may or...
Categories: IRS
I’m often asked by business owners what will happen if they are late paying payroll taxes to the Internal Revenue Service (IRS). Employers should be collecting payroll taxes for every employee (with the exception of independent contractors). They are typically calculated as a percentage of the salaries that employers pay their staff, and they generally...
Categories: IRS
One of the best feelings is filing your taxes and realizing you’re entitled to a refund. The thought of money coming into your pockets is an exciting thing. However, there are a few circumstances in which the IRS may keep your refund, especially if you owe them money in back taxes. Let’s look at the...
Categories: IRS
I’m often asked by homeowners about potential taxes they may owe when they sell their house. Many individuals wonder if they make a profit, do they owe part of that profit to the Internal Revenue Service in the form of capital gains taxes. The answer, as always when it comes to taxes and law, is...
