South Dakota is taking the physical presence rule back to our nation's highest court in its dispute with Wayfair, Inc., to determine whether it may continue to require out-of-state sellers such as online retailers to register with the state and collect and pay over...
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Month: January 2018
Reality TV Star Pleads Guilty to Federal Tax Crimes
Mike "The Situation" Sorrentino, who formerly appeared on the reality TV series "The Jersey Shore," pleaded guilty to a charge of tax evasion for years in which he concealed a portion of his income to avoid paying the full amount of taxes owed. Sorrentino's brother,...
Californians Affected by Recent Natural Disasters May Qualify for Federal Tax Relief
The Internal Revenue Service (IRS) recently announced that taxpayers who reside or have a business in the California counties that were affected by the recent wildfires, flooding, mudflows, and debris flows may qualify for federal tax relief. Certain deadlines may be...
National Taxpayer Advocate Releases 2017 Annual Report to Congress
Nina E. Olson, the National Taxpayer Advocate, recently released her 2017 Annual Report to Congress concerning tax administration issues and the challenges facing the Internal Revenue Service (IRS) in the wake of the current tax reform legislation. One significant...
IRS and FTB Power of Attorney Forms Have Changed
If you are a tax professional, take note of recent changes that the Internal Revenue Service (IRS) and California Franchise Tax Board (FTB) have made to their power of attorney forms that may affect your ability to access client information. The IRS form, found...
Proposed California Bill Attempts to Mitigate Effects of State Tax Deduction Limit
Efforts are already underway to reduce the slap many Californians are feeling from the $10,000 limit on federal deductions for state property or income taxes paid. Senators De Leon, Allen, and Hill have introduced SB 227, the "Protect California Taxpayers Act," which...
California Office of Tax Appeals Releases Draft Emergency Regulations
The new state Office of Tax Appeals (OTA) began hearing appeals cases as of January 1, 2018. California taxpayers may file an appeal with the OTA after receiving a Notice of Action or Notice of Determination from the Franchise Tax Board (FTB) or the new...
2018 Federal Tax Filing Season Opens January 29
The Internal Revenue Service (IRS) announced that the federal tax filing season will begin on Monday, January 29, 2018. The deadline for individual tax returns will be Tuesday, April 17, 2018. The IRS offers many options for taxpayers with general questions...
New Year, New IRS Impersonation Scams
The Internal Revenue Service (IRS) and the Treasury Inspector General for Tax Administration (TIGTA) have already issued warnings for the new tax filing season regarding individuals who impersonate IRS employees and demand money from taxpayers. Since October...
