On behalf of Law Office of Williams & Associates, P.C. | May 2, 2017 | Uncategorized
The Internal Revenue Service (IRS) released some initial statistics about the 2017 tax filing season. In the week ending April 21, 2017, the IRS received over 17 million tax returns, of which 13.6 million were e-filed. The last-minute surge brought the filing season...
On behalf of Law Office of Williams & Associates, P.C. | Jan 18, 2016 | Uncategorized
The various IRS tax filing deadlines for employer forms have been announced. Be sure to mark the following on your calendar for timely submission:February 1, 2016 – Forms 940, 941, 943, and 944, related to employer tax returns.February 29, 2016 –...
On behalf of Law Office of Williams & Associates, P.C. | Sep 5, 2014 | Uncategorized
In a decision dated August 27, 2014, a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit found that FedEx had a “right to control” the activities of 2,300 of its drivers. Normally, in the logistics and delivery business, this would not...
On behalf of Law Office of Williams & Associates, P.C. | Jan 2, 2014 | Uncategorized
The California State Board of Equalization is sending local retailers letters informing them of upcoming visits from Statewide Compliance and Outreach Program teams. To learn more, view the BOE News Release regarding this topic.If you have any questions, or if...
On behalf of Law Office of Williams & Associates, P.C. | Sep 30, 2013 | Uncategorized
The complexity of California income tax laws for non-California businesses is not new. Whenever nonresident businesses have income sourced to California, California will assess income tax in many cases. Public Law (PL) 86-272 still exempts out-of-state businesses from...
On behalf of Law Office of Williams & Associates, P.C. | Jun 3, 2013 | Uncategorized
On May 20, 2013, the Supreme Court decided PPL Corp. v. Commissioner, holding that a British “windfall tax” imposed on privatized British companies has the predominant character of an excess profits tax and is therefore creditable under Internal Revenue...
On behalf of Law Office of Williams & Associates, P.C. | May 17, 2013 | Uncategorized
A federal grand jury has indicted Drs. David Leon Fredrick and Patricia Lynn Hough alleging that they conspired to defraud the Internal Revenue Service (IRS) through a series of offshore accounts, using the funds buy homes in Florida, North Carolina and an airplane...
On behalf of Law Office of Williams & Associates, P.C. | Feb 26, 2013 | Uncategorized
There is currently a plethora of cases involving horse breeding or other horse related activities flooding the U.S. Tax Court. One such recent case, involved former San Francisco 49er linebacker Bill Romanowski. In the typical hobby loss case, the taxpayer puts a lot...
On behalf of Law Office of Williams & Associates, P.C. | Feb 5, 2013 | Uncategorized
Reuters is reporting that the current administration may soon ask Congress to require U.S. banks to disclose more information regarding foreign clients’ account information. The Treasury’s concentrated effort, on information-sharing, stems from the Foreign...
On behalf of Law Office of Williams & Associates, P.C. | Feb 1, 2013 | Uncategorized
A recent Tax Notes Today article by Contributing Legal Editor, Jeremiah Coder, warns that the Internal Revenue Service’s (IRS) Offshore Voluntary Disclosure Program (OVDP) may have limits which could have dire consequences for taxpayers that continue to hold...
