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On Monday, July 16, 2012, The Treasury Inspector General for Tax Administration (TIGTA) released Fiscal Year 2012 Review of Compliance with Legal Guidelines When Conducting Seizures of Taxpayers' Property (2012-30-072):The TIGTA report presents the results of their...
Filing taxes and handling tax implications often present particular challenges to small business owners. These challenges can be exacerbated by the threat of a looming audit. In California and throughout the United States, some industries are particularly subject to...
Even the IRS is frustrated...Nina Olson, the National Tax Payer Advocate, is urging Congress to act sooner rather than later to resolve the many tax laws that either expired at the end of 2011 or are scheduled to expire throughout 2012. In her report dated June 30,...
Our readers in California will be interested to learn that the IRS recently took steps to separate hard-working ex-patriots who are behind on their taxes from those individuals and companies who may be seeking to hide money in foreign accounts. Previously, the...
The Internal Revenue Service's (IRS) third iteration of the Offshore Voluntary Disclosure Program continues to march through 2012 and indefinitely into the future. The IRS is reporting that at this point approximately 34,500 taxpayers have come forward and revealed...
The Appeals Court for the Federal Circuit affirmed the IRS's 2008 termination of Revenue Agent, Anthony Agbaniyaka. While employed at the IRS, Mr. Agbaniyaka received excellent performance evaluations, and several promotions. He also obtained a Master's Degree in...
California residents may agree that dealing with the IRS can be a pain, but this feeling is mainly due to the hassle of extra paperwork, lengthy processing and pesky audits. There are some groups, however, who feel that the IRS is infringing upon their legal...
A recent issue of California Taxletter reminds taxpayers that Franchise Tax Board (FTB) Settlement agreements will be voided if the taxpayer fails to pay as agreed.The FTB is responsible for the administration and collection of California franchise and income taxes....
California businesses should be cautious about how they classify their workers. Whether a worker ought to be classified as an independent contractor or an employee can be a tricky business that is carefully scrutinized by the IRS during audits. It is explicitly stated...
Although just a few months into a program that allows the FTB to obtain information from banks and other financial institutions to find assets and collect on delinquent debts from California taxpayers, the FTB estimates that it will increase the amount of levies...
