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...
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IRS Employer Tax Filing Deadlines Published
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 - Paper filing of...
Alexander v. FedEx: The Ninth Circuit Follows Ruiz v. Affinity in Finding FedEx Drivers Not to be Independent Contractors
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 be...
BOE Teams Visiting Sacramento Retailers
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...
California FTB Provides Non-California Businesses with Information on Income Apportioning
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...
California FTB Provides Non-California Businesses with Information on Income Apportioning
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...
Supreme Court Holds that Taxpayer Entitled to Foreign Tax Credit in PPL v. Commissioner
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 Code (IRC)...
Husband and Wife Indicted for Hiding Millions at UBS and Other Offshore Banks
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...
Tax Court Denies Horse Breeding Expense Deduction for Former 49er Football Player
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...
U.S. Eyes Crackdown on Foreigners’ Accounts in U.S. Banks
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 Account Tax...
