The California Department of Tax and Fee Administration (CDTFA) has updated its long-standing Managed Audit Program (MAP) publication which provides the explanation and benefits available to taxpayers participating in the program. Under the program, certain taxpayers...
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Clarification for Out-of-State Entities Doing Business in California on Property Ownership Threshold
In a Pending Precedential Opinion by the California Office of Tax Appeals (OTA), the OTA clarified that in determining whether an out-of-state LLC doing business in California and therefore subject to the annual tax each year, the determination based on the property...
Treasury Inspector General for Tax Administration (TIGTA) Recommends Theft Detection Measures for Fraudulent Businesses
The IRS has measures in place to try to detect fraudulent returns by individuals, as well as businesses. Although the IRS has paid out millions in fraudulent refunds, the IRS reported it has protected nearly $3.8 billion in fraudulent refund claims since 2016. The...
IRS Calls and Texts are Likely Fraudulent
There can never been enough reminders about how to avoid scams, as fraudsters get more sophisticated every year. The IRS has joined the effort to let people know important ways to avoid scams involving the IRS. While it is possible that the IRS will call or visit a...
Know a Tax Cheat? Turn Them In For a Possible Whistleblower Reward!
Our federal tax system is one of voluntary compliance: each taxpayer is expected to correctly report and pay their tax liabilities to the IRS. For a variety of reasons, this plan often fails. The IRS has many ways to find taxpayers who either fail to report their...
IRS Issues Five-Year Plan to Improve Service and Tax Administration
The IRS has issued an aggressive five-year strategic plan to improve taxpayer service and tax administration, focusing on four goals: Service – Provide quality and accessible services to enhance the taxpayer experience. Enforcement – Enforce the tax law fairly and...
Former IRS Employee Sentenced to Prison for Tax Evasion
Wayne Garvin worked as a Supervisory Associate Advocate with the revered IRS’ Taxpayer Advocate Service in his last position working for the IRS. For the years 2012 through 2016, while employed by the IRS, Garvin filed false tax returns with the IRS on which he...
Money Laundering is Dirty Business – U.S. and Foreign Law Enforcement Work Together to Cleaning Up Crime
Thanks to the efforts by the U.S. Department of Justice, the FBI, and our law enforcement partners in Austria and Lebanon, Sezgin Baran Korkmaz was apprehended in Austria, and extradited to Utah where he was indicted on charges for fraud and money laundering exceeding...
FTB Clarifies what is Taxable to a Nonresident’s Sale of a California Partnership Interest
The FTB issued Legal Ruling 2022-02 on July 14, 2022 to address the taxation on the sale of certain partnership assets by a nonresident of California. The sale of the partnership interest is a tangible asset, sourced and taxed to the taxpayer’s state of residence....
Identity Theft Warnings Abound
The IRS Security Summit reminds tax professionals to take additional precautions to safeguard client data. The annual Security Summit campaign begins July 19th, with a series of five weekly news releases with information on how to protect federal and state tax...
