Experience. Dedication. Results.
A record number of US taxpayers are coming into compliance with their foreign filing requirements, with 1,163,229 Forms 114 (Report of Foreign Bank and Financial Accounts, or FBAR) filed for 2015---an 8 percent increase from 2014. FBAR filings have increased at an...
The Internal Revenue Service announced an increase to interest rates for the calendar quarter beginning April 1, 2016. The new interest rates will be:4% for overpayments (3% for corporations up to $10,000 and 1.5% for overpayments exceeding $10,000);4% for...
This year's tax season is seeing unprecedented numbers of tax scams and new tactics scammers use to steal your identity. A new consumer alert issued March 14, 2016 by the Internal Revenue Service characterizes recent telephone scams as "aggressive and threatening."...
The Internal Reveue Service (IRS) has temporarily suspended its online Identity Protection PIN tool in order to conduct a review of the security features of the application. The IP PIN is a six-digit number taxpayers can use as "an additional layer of protection"...
The new healthcare law has led to the introduction of a new series of Health Care Information Forms that many individuals will receive this tax season. The 1095-A, 1095-B, and 1095-C are designed to provide information you may need when filing your individual income...
On March 10, 2016, the Internal Revenue Service ("IRS") announced that it has $950 million unpaid tax refunds due to an estimated one million tax payers who did not file their federal income tax return for 2012. The IRS estimates the midpoint value of a potential...
Medical marijuana use was authorized in the state of California by the Compassionate Use Act of 1996 which provided guidelines for individuals and businesses to cultivate, use, and distribute cannabis within California. This Act did not "legalize" medical marijuana,...
The Gillette Company v. The California Franchise Tax Board (FTB) addresses whether taxpayers may elect to use the apportionment formula outlined in the Multistate Tax Compact (codified in former Revenue & Taxation Code Section 38006) rather than the...
California's Employment Development Department publishes a new Employer's Guide (DE 44) and Household Employer's Guide (DE 8829) each year to help you understand your rights and responsibilities if your business hires employees.The 2016 guides are available for...
Tax season is here, and so are criminals ready to scam you out of your money or refunds. The IRS says, "Remember - if it sounds too good to be true, it probably is."In an effort to educate and protect taxpayers, the IRS has compiled a list of the twelve most...
