The California Legislature recently enacted AB5, a law that will have far reaching effects for California businesses and workers. AB5 makes it more difficult for many, but not necessarily all California businesses, to treat their workers as independent contractors as opposed to employees. The ABC’s of AB5 Under the old law, whether a worker could
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U.S. Tax Court Litigation Attorneys
If you have a tax dispute with the Internal Revenue Service (IRS) and you are not able to obtain a satisfactory resolution through the IRS appeals process, then in most cases your next step is to seek relief in the U.S. Tax Court. The U.S. Tax Court is a specialty court that exclusively handles matters
International Tax Attorneys
International tax matters are uniquely complicated. Whether you live in the United States and owe taxes abroad, you live overseas and owe reporting or payment obligations to the Internal Revenue Service (IRS), or you are dealing with an investigation or enforcement matter under the Foreign Account Tax Compliance Act (FATCA) or any other statute, in
Who is Eligible for the California Sales Tax Exemption?
California is among the majority of states that have a sales tax, and California’s sales tax applies to most types of product sales. However, there are a number of exceptions, and these exceptions can apply either: (i) based on the type of product being sold; or, (ii) based on the identity of the buyer. Is
What are California’s Income Tax Brackets?
It is the holiday season; and, while that means different things for different people, there is one thing that all U.S. residents share in common this time of year: It is time to start thinking about tax returns. California residents have to pay income tax at the state and federal levels. San Francisco residents also
Criminal Tax Evasion vs. Civil Tax Fraud: What’s the Difference?
While the federal Internal Revenue Code establishes a number of specific tax-related offenses, in broad terms, failing to pay what you owe can be described as “tax evasion” or “tax fraud.” If your tax returns are being audited, or if you are under investigation by the Internal Revenue Service (IRS), it is critical to understand
How Long Do IRS Audits Take?
If you are being audited by the Internal Revenue Service (IRS), it makes sense to want to know how long the process will take. Unfortunately, the IRS itself does not provide much guidance. On its website, after asking, “How long does an audit take?” the IRS simply states: “The length varies depending on the type
Can You Claim a Deduction for Gambling Losses on Your Taxes?
Any money won gambling is considered taxable by the IRS. Gambling winnings include cash prizes and the fair market value of any item won from lotteries, casinos, racetracks, game shows, etc. If you’ve won big, you may be subject to a rather large tax penalty on those winnings. However, gambling losses can offset tax liability,
When Does an IRS Tax Lien Expire?
If you fail to pay your federal income taxes (or what the Internal Revenue Service (IRS) says you owe), the government can use a variety of different tools to collect your tax debt. One of these tools is an IRS tax lien, which establishes a claim against your property. If you attempt to sell the
Paying Contractors in Cash – The Potential Tax Penalties
What are the risks of paying contractors in cash? If you make cash payments to independent contractors, the first thing you should know is that there is nothing inherently illegal about doing so. Cash is still a perfectly good form of payment.If you have cash on hand and want to use it to pay your