On behalf of Law Office of Williams & Associates, P.C. | Mar 30, 2013 | Tax Debt
As tax season rapidly speeds by, it’s probably a good time for those with tax problems from prior years to take some action to try and resolve those issues. A person who struggles with tax debt often falls into a deep cycle of self-perpetuating procrastination....
On behalf of Law Office of Williams & Associates, P.C. | Mar 29, 2013 | IRS
The Internal Revenue Service recently released the 2012 IRS Data Book, which is, in essence, a snapshot of IRS’s activities for the 2012 fiscal year.The Data Book describes activities conducted by the IRS from Oct. 1, 2011, through Sept. 30, 2012, and includes...
On behalf of Law Office of Williams & Associates, P.C. | Mar 27, 2013 | International Tax Law, IRS
The IRS reminds U.S. citizens and residents who lived or worked abroad in 2012 that they may need to file a federal income tax return. If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in...
On behalf of Law Office of Williams & Associates, P.C. | Mar 27, 2013 | IRS
Each year, the Internal Revenue Service (IRS) issues a list of “Dirty Dozen” tax scams that can affect taxpayers. The IRS publishes the list in order to educate taxpayers about the need to protect financial information and use common sense when it comes to...
On behalf of Law Office of Williams & Associates, P.C. | Mar 21, 2013 | Audits
Now that the federal government has raised the tax rate for the country’s top earners to 39.6 percent, many people are deciding to leave California, which also raised its highest tax rate from 10.3 percent to 13.3 percent, for a state with lower personal income...
On behalf of Law Office of Williams & Associates, P.C. | Mar 20, 2013 | IRS, Tax Controversy
In Kurek v. Commissioner, T.C. Memo 2013-64, the U.S. Tax Court held that a general contractor should have treated construction workers on his projects as employees rather than independent contractors. During the tax year at issue, Mieczyslaw Kurek hired approximately...
On behalf of Law Office of Williams & Associates, P.C. | Mar 15, 2013 | IRS
California readers may be surprised to learn that not only does the IRS ask taxpayers to list any illegal income they earn on their tax return, but some actually do. The IRS instructions for tax returns state how illegal income should be included on the tax forms. It...
On behalf of Law Office of Williams & Associates, P.C. | Mar 12, 2013 | FTB, Tax Debt
The Franchise Tax Board (FTB) is having a public hearing regarding its Financial Institution Records Match (FIRM), one of its most important tools in the collection of delinquent tax liabilities. The hearing is scheduled for 1:00 p.m., on Wednesday, March 27, 2013, at...
On behalf of Law Office of Williams & Associates, P.C. | Mar 11, 2013 | International Tax Law, IRS, Tax Controversy
In a move that could result in an end to IRS voluntary disclosure participants with offshore accounts, the IRS rescinded approval to participants who were previously granted inclusion in the voluntary disclosure program. Tens of thousands of taxpayers have...
On behalf of Law Office of Williams & Associates, P.C. | Mar 7, 2013 | Appeals, FTB, Multi-State
In February, the Franchise Tax Board (FTB) lost a case, DANIEL V INC. v. Franchise Tax Board, in a Los Angeles Superior Court where it had asserted that a Nevada Company was commercially domiciled in California because it was owned by a California resident, Ron...
