On behalf of Law Office of Williams & Associates, P.C. | Apr 24, 2014 | International Tax Law, IRS
The IRS recently issued Announcement 2014-17, providing an update on jurisdictions treated as having intergovernmental agreements (IGAs) with the United States in order to implement the Foreign Account Tax Compliance Act (FATCA). As of the date of the announcement,...
On behalf of Law Office of Williams & Associates, P.C. | Apr 22, 2014 | BOE, EDD
The number of workers identifying themselves “independent contractors” is growing in the United States. In 2005 the U.S. Bureau of Labor Statistics determined that the number of independent contractors rose from 6.4% of the workforce in 2001 to 7.4% of the...
On behalf of Law Office of Williams & Associates, P.C. | Apr 22, 2014 | IRS, Tax Controversy, Tax Court
The Tax Court recently issued an opinion in AD Investment v. Commissioner, 142 T.C. No. 13, in which the Court granted the IRS’s motion to compel the production of documents. The controversy arose in the context of two consolidated Tax Court proceedings...
On behalf of Law Office of Williams & Associates, P.C. | Apr 22, 2014 | IRS
Last Friday the IRS published an updated version of its publication “The Truth About Frivolous Tax Arguments.” This publication provides a list of common frivolous arguments advanced by individuals and groups who oppose compliance with the federal tax...
On behalf of Law Office of Williams & Associates, P.C. | Apr 22, 2014 | BOE
A 2013 law created by Governor Brown’s 2013 Economic Development Initiative allows certain businesses in manufacturing or in the fields of biotechnology or physical, engineering, and life sciences to purchase or lease manufacturing or research and development...
On behalf of Law Office of Williams & Associates, P.C. | Apr 16, 2014 | EDD
The Intersection of Employment Tax and Employment LawWe are seeing among our business tax clients a rise in wage and hour litigation, either ancillary to, or independent of, their tax issues. In fact, recently I was giving a presentation to a group of business owners...
On behalf of Law Office of Williams & Associates, P.C. | Apr 16, 2014 | International Tax Law, IRS
The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, that they may have a U.S. tax liability and a filing requirement in 2014.The filing deadline is...
On behalf of Law Office of Williams & Associates, P.C. | Apr 16, 2014 | Back Taxes Or Tax Debt, EDD, FTB, New Laws, Tax Controversy, Tax Crimes
On October 7, 2013, Governor Jerry Brown signed Assembly Bill 576 into law, authorizing a pilot program to create the “Revenue Recovery and Collaborative Enforcement Team” (RRCET) consisting of an alliance primarily between the California Department of...
On behalf of Law Office of Williams & Associates, P.C. | Apr 9, 2014 | IRS
What happens when you realize you made an error on your tax return? Most people think they should file an amended tax returns, and in most cases, that would be correct; however, sometimes it is unnecessary. According to the IRS, if you made a math error, the IRS will...
On behalf of Law Office of Williams & Associates, P.C. | Apr 4, 2014 | IRS
Yesterday, the Tax Court issued a full Tax Court Opinion, with concurring and dissenting opinions, finding that an IRS letter was sufficient to confer jurisdiction upon the Tax Court. SECC Corporation v. Commissioner, 142 T.C. No. 12. The controversy arose from an IRS...
