If your company has been assessed a penalty after being audited by the California Employment Development Department (EDD), the news isn’t all bad, your company may be entitled to a penalty waiver. The California EDD has a formal Waiver of Penalty Policy, and various provisions of California’s Unemployment Insurance Code include stipulations regarding the removal
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What is the California EDD Audit Statute of Limitations?
If you have been contacted by the California Employment Development Department (EDD), you are not alone. The California EDD aggressively enforces employers’ payroll tax obligations, and falling behind even for a single quarter can lead to an invasive audit with the potential for severe financial penalties. But the California EDD does not always audit businesses
Can Tax Preparers Be Liable for Tax Mistakes?
When you hire a certified public accountant (CPA) or other tax professional to prepare your state or federal tax returns, you expect to be able to rely on the advice you receive. After all, you are paying for help, and you have chosen to hire a professional who holds himself or herself out as someone
What is a Tax Court Memorandum Opinion?
When you disagree with what the Internal Revenue Service (IRS) says you owe, your first formal step is generally to file an IRS appeal. Most tax controversies get resolved at this stage without the need for courtroom litigation. However, sometimes taxpayers need to go to court in order to avoid the imposition of unjust tax
Can I Appeal a Corporate Tax Audit?
If you have received an unfavorable examination report from the Internal Revenue Service (IRS) following a corporate tax audit, you are not alone. The IRS routinely audits corporate returns, and it is not unusual for corporate tax audits to result in determinations of additional tax liability. Fortunately, an examination report is not the final word
Can a CPA Represent You in Tax Court?
If you are dealing with a tax liability issue with the Internal Revenue Service (IRS) and you are unable to reach a satisfactory resolution working with the IRS directly, then you may need to seek relief in the Tax Court. The Tax Court has jurisdiction over matters involving individual and business tax liability under the
Can I Track My IRS Tax Refund?
Once most California taxpayers have gone through the ordeal of submitting their tax returns, they are eager to get their refunds. Many residents depend on their refunds to pay off bills or other types of expenses. Others are simply excited to have some cash coming their way. How do you track your IRS tax refund
How to File a Tax Extension with the IRS
For many California residents, filing federal tax returns by April 15th can be challenging. Perhaps you simply need more time to work on your returns, or you were late receiving documents that you needed to complete the return. In these scenarios, the Internal Revenue Service, or IRS, allows you to request an extension to get
California Tax Franchise Board Liens: How to Stop Collections
Both individuals and businesses in California may be subject to tax liens if they do not pay their taxes on time. Liens may be imposed on the taxpayer’s property to satisfy the debt. The California Tax Franchise Board is an agency that collects state income taxes and engages in enforcement as well. It is similar
IRS Notices and Letters: What You Need to Know
If you notice a letter from the IRS in your mailbox, you may immediately feel uneasy. However, there is no need to panic. The IRS sends out millions of letters to taxpayers every single year—and most of them are simple requests or notices. A letter from the IRS does not necessarily mean you are in
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