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In a recent edition of TaxTips, the IRS reminds taxpayers of pending deadlines related to foreign income and assets. All U.S. citizens and residents must report worldwide income on their federal income tax return. If you lived outside the U.S. on the regular due date...
With graduations in full swing and high school seniors preparing to leave home for college, employment, or other adventures, it may be time to consider estate planning documents for your 18 year old. It may not initially make sense for an 18 year old to need an estate...
When you close your doors, you have to follow certain formalities so that California knows you are no longer in business. The California Franchise Tax Board has published helpful information to dissolve, surrender, or cancel a business entity in California. In...
A tax preparer was recently convicted in U.S. District Court, Eastern District for aiding and assisting in the preparation and presentation of a false and fraudulent tax return. The defendant, Sarad Chand, admitted preparing false tax returns with inflated or false...
In recognition of Small Business Week May 4-8, 2015, the IRS has highlighted special tax information regarding self-employed landscape and gardening professionals, including the webinar "Business Taxes for the Self-Employed: The Basics." Topics included are: ...
On May 5, 2015, the Department of Justice Tax Division announced Kevin Bertram, former CEO of Distributive Networks LLC (a wireless technology company), was sentenced to serve 30 months in federal prison, followed by three years of supervised release, and ordered to...
On April 7, 2015, the IRS announced the release of its "IRS Criminal Investigation Annual Report,"documenting the significant accomplishments and enforcement actions taken during fiscal year 2014. For that year, the IRS Criminal Investigation ("CI") focused on...
On March 18, 2015, the Treasury Inspector General for Tax Administration ("TIGTA") issued a report to the Large Business, International Business, and Small Business/Self-Employed Divisions of the Internal Revenue Service. The report was the result of a review of the...
Effective April 13, 2015, the Franchise Tax Board ("FTB") will enforce an updated privacy and security policy. It is necessary for the FTB to lawfully collect relevant personal information in order to enforce and administer the California Revenue and Taxation Code and...
When I left the California EDD's Legal Office over two years ago, I predicted that the "rideshare" software application companies, Uber and Lyft, would soon come under scrutiny for worker classification issues. My prediction was correct. For the past few months,...
