It's in the mail! According to the IRS, more than $153 Million in refunds due to nearly 100,000 taxpayers were returned due to mail delivery errors. The IRS encourages taxpayers to file returns electronically and receive refunds by direct deposit to help eliminate...
Experience. Dedication. Results.
Photo of Professionals at Law Office of Williams & Associates, P.C.
Month: November 2011
California business owner charged with tax crimes found guilty
As readers of this blog may know, a conviction on charges of federal tax crimes can lead to serious jail time. In addition to prison time, those found guilty often have to pay heavy fines and penalties. All in all, conviction of tax crimes can potentially cost a...
Want to improve your financial situation? Go to the movies!
In case you needed another reason to watch George Clooney on the big screen.... Scott Martin of "The Trust Advisor Blog" explains how the new movie "The Descendants" offers a glimpse into how the intentions expressed in estate planning documents are carried out by...
Interest rates remain the same with the IRS for the first quarter of 2012
WASHINGTON - The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2012. The rates will be:three (3) percent for overpayments [two (2) percent in the case of a corporation];three (3) percent...
Do you have ideas for the FTB?
Think you've got a great idea for simplifying California's tax laws? Give your idea directly to the Franchise Tax Board on Thursday, December 1st at the annual Taxpayer Bill of Rights Hearing, where industry representatives and individual taxpayers may present to...
The IRS Requires Competency Test for Tax Preparers
The IRS announced today the new test tax return preparers will be required to pass in order to obtain a Preparer Tax Identification Number (PTIN). Preparers have until December 31, 2013 to pass the test.For more information, visit...
What Employers Need to Know About Claiming the Small Business Health Care Tax Credit
The Internal Revenue Service is reminding small businesses that they may be eligible for the Tax Health Care Credit that was enacted last year. The IRS is reaching out to more than four million small businesses and tax-exempt organizations to make them aware of the...
There’s no time like the Holidays for discussing family finances…
Will family gather at your table this holiday season? Take advantage of having everyone together to discuss family finances and other important planning matters. Claudia Buck of THE SACRAMENTO BEE offers conversation starters to help families discuss some important...
California VCI 2 Results in $350,000,000 in payments!
The Franchise Tax Board (FTB) announces it raised $350 million through the Voluntary Compliance Initiative 2 (VCI 2) program which recently concluded. Cash payments from more than 1,000 taxpayers in the amount of $293 million have already been paid to California, with...
The IRS wants to help with your tax liens
The IRS wants to help taxpayers with back taxes and IRS liens. Earlier this year, the IRS changed certain policies to issue fewer tax liens, and to make it easier for taxpayers to get IRS liens released after paying a tax bill. The IRS also made it easier for...
