On behalf of Law Office of Williams & Associates, P.C. | Oct 29, 2015 | FTB
California law remains out of conformity with the federal statutory exclusion for certain discharges of qualified principal residence indebtedness for discharges of indebtedness occurring on or after January 1, 2014. However, as explained in detail in FTB’s...
On behalf of Law Office of Williams & Associates, P.C. | Oct 29, 2015 | EDD
The Law Office of Williams & Associates, PC has been informed that the California Employment Development Department has recently won at least two administrative decisions against Uber in appeals of Obstructed Claims for Unemployment Insurance Benefits, before the...
On behalf of Law Office of Williams & Associates, P.C. | Oct 16, 2015 | International Tax Law
Now that the United States and numerous foreign jurisdictions have begun the automatic third-party financial account reporting exchange, it is less likely that offshore financial accounts will go unnoticed by the IRS. The IRS reminds taxpayers to take advantage...
On behalf of Law Office of Williams & Associates, P.C. | Oct 14, 2015 | International Tax Law
The IRS met its deadline to begin the reciprocal automatic exchange of tax information with some foreign jurisdiction tax administrators as agreed under the intergovernmental agreements (IGAs) as part of the Foreign Account Tax Compliance Act (FATCA). As of September...
On behalf of Law Office of Williams & Associates, P.C. | Oct 13, 2015 | IRS
According to IRS data, in fiscal year 2014, 120 employment tax cases were opened for tax evasion investigation. Of those, 92 were recommended for prosecution and 82 received federal sentences. These numbers are set to increase, not only in federal cases, but in...
On behalf of Law Office of Williams & Associates, P.C. | Oct 5, 2015 | International Tax Law
On Friday, October 2, 2015, the Internal Revenue Service (“IRS”) announced the exchange of financial account information with certain foreign tax administrations, meeting a key Sept. 30 milestone related to FATCA, the Foreign Account Tax Compliance Act.The...
