California Tax Law Blog
Choose Wisely when Hiring a Tax Professional
The IRS has released guidance on how to select a tax professional and reminders regarding a taxpayer’s obligations to review the tax return before signing and submitting the return to the IRS. Read more here. Â
$1.5 Billion in Tax Refunds Set to Expire!
If you have not filed a 2016 income tax return and may be due a refund from the IRS, time is nearly out to claim your refund. The IRS estimates 1.4 million people may fall into the category of those who are due a refund. File now!Â
IRS Taxpayer Advocate’s Report to Congress Focuses on Taxpayers
The IRS Taxpayer Advocate has issued their Report to Congress with FY 2021 priorities that deserve the closest scrutiny and congressional oversight being improving taxpayers’ experience with the IRS, protecting the rights of taxpayers impacted by COVID-19, reducing...
Legal Clients with Offshore Accounts, Beware! The IRS can Summons Information from your Lawyer!
A federal appellate court upheld an order enforcing an IRS summons sent to the Taylor Lohmeyer Law Firm, PLLC. The firm was required to provide information regarding foreign bank accounts and entities it assisted clients in forming. The government argued that by...
California Charity Pleads Guilty to Mail Fraud and Tax Evasion
It’s a sad day when California donors learn their charitable donations were not used for the intended purpose. The Department of Justice Tax Division uncovered crimes committed by On Your Feet, also known as Family Resource Center, a tax-exempt charitable organization...
Don’t Get Scammed!
The IRS provides information on financial schemes and COVID-19 fraud. For more information, see the full news release.Â
Need to File an Amended Tax Return? The IRS now has Online Filing
The IRS will soon allow taxpayers to file amended Forms 1040-X online for tax years 2019 forward. For more information, see the full news release here.
California Sues Uber
On May 5, 2020, the State of California filed a Complaint for Injunctive Relief Restitution, and Penalties in California Superior Court against both Uber and Lyft claiming violations of the California Labor Code and Business & Professions Code. The California...
IRS Seeks Contractors to Audit Crypto Tax Returns
The IRS issued a Statement of Work this week regarding a pilot program to have outside auditors review certain virtual currency tax returns. This program is the latest effort by the IRS to more closely oversee cryptocurrency transactions. In 2019, the IRS sent out...
CDTFA Requests to Formalize Sales and Use Tax Regs for Marketplace Sales
The California Department of Tax & Fee Administration (CDTFA) has requested approval to begin formalizing Sales and Use Tax Regulation 1684.5, Marketplace Sales, which would assist in implementing legislation enacted in 2019 requiring marketplace facilitators and...
