Experience. Dedication. Results.
This week is National Hurricane Preparedness Week and May is National Wildfire Awareness month, and the Internal Revenue Service is offering tips on how to protect your personal information in case of a natural disaster. The IRS recommends: Tax returns, Social...
California is defaulting on its COVID-19 pandemic federal unemployment insurance loans, and California employers will bear the cost of the default. California was one of twenty-two states that received federal unemployment insurance loans to cover claims during the...
This week we recognize small business everywhere! To help celebrate, the IRS has provided advice to new businesses so they may take advantage of tax benefits including credits for things like investing in solar power and energy efficiency improvements and vehicles,...
Earlier this month the Tax Court issued its Opinion in Alon Farhy v. Commissioner of Internal Revenue, 160 T.C. No. 6 (T.C. April 3, 2023), holding that the IRS lacks statutory authority to assess penalties under IRC section 6038(b)(1) or (2) against the petitioner in...
The IRS reminds taxpayers that just because a taxpayer is granted an extension of time to file a tax return, the deadline to pay the tax is not extended. Tax payments are due April 18, 2023 for tax year 2022. Taxpayers should file their returns as soon as possible...
More than half of the $80 billion granted by Congress under the Inflation Reduction Act (IRA) was reserved by Congress for tax compliance enforcement. That means the IRS will use $45.6 billion of the funds to focus on those who are not in tax compliance, specifically...
In November 2020, the voters approved Proposition 22, the Protect App-Based Drivers and Services Act (Bus. & Prof. Code, §§ 7448–7467). This meant app-based drivers such as Uber, Uber Eats, Lyft, and GrubHub, could be classified as independent contractors by the...
The IRS is providing an additional automatic filing and payment extension to taxpayers in disaster zones. If your address on file with the IRS (the address from your most recently-filed tax return) is in one of these California counties, you will now have until...
The IRS issued a warning this week for those claiming Employee Retention Credits (ERCs), as third parties continue to promote these credits to ineligible people. Online and radio advertisements by promotors promising huge tax savings should be taken with caution, as...
This Saturday, March 11th, the IRS will be holding open Taxpayer Assistance Centers across the nation to provide in-person help without any appointment necessary. Additional upcoming Saturdays are planned to remain open as well. The IRS is working to improve its...
