IRS Deadline In response to the COVID-19 epidemic, the IRS launched a People First Initiative. Among other things, the IRS suspended most collection activity until July 15th, 2020as part of the People First Initiative. Other tax agencies like the California Franchise Tax Board (“FTB”) have implemented similar relief programs for taxpayers. The relief afforded by
FTB Audits
I Paid My Taxes, Why Do I Still Owe Money to the Franchise Tax Board?
The California Franchise Tax Board (FTB) collects personal income taxes and corporate taxes due to the state. When you pay your state taxes, you pay them through the FTB. One of the most common questions we get from our clients in cities like Newport Beach, Irvine and Santa Ana has to do with payments to
Criminal Tax Audits
At the RJS LAW tax offices located in Los Angeles, Irvine in Orange County and San Diego, we not only deal with civil tax issues, we help clients who face criminal tax charges and possible jail terms. Criminal tax charges are becoming more common as the California State Board of Equalization cracks down on and
What to Expect From a Tax Audit
“What does this mean?” It’s the most common question we’re asked regarding audit notices when people come to our tax law offices in San Diego, Orange County and Los Angeles. The letters typically arrive without warning and it catches taxpayers off-guard. In this post we’ll try to dispel some myths and explain what the IRS
Sales and Use Tax Audits
As many states begin to look for ways to boost revenues, state tax departments are increasingly looking at enforcement of current tax laws and making sure that taxpayers are in full compliance with paying their tax obligations. One of the tax streams that states are looking at is sales and use tax. Revenues from states
Free Tax Resources
Imagine opening your mailbox to find an official letter from the IRS or the California Franchise Tax Board questioning a past tax return or demanding back taxes and threatening to attach your paychecks or seize your assets. If you’re like most people, a sense of panic and worry sets in as you wonder how you’ll
Deduct With Care: These Write-Offs Could Lead to Audits
As a tax law firm we deal with IRS and Franchise Tax Board audits on a daily basis. As we review tax returns and prepare our clients for the audit process, one question comes to mind during many of these interviews: “What was their tax attorney thinking?” We’ve put together a short list of areas
Tips to Avoid Audits
Principal Attorney Ronson Shamoun gives a few tips on how to avoid an audit. Overall, we generally recommend that you retain counsel to guide you through the audit process. Although there are costs associated with hiring representation, they are normally worth the investment as it helps to minimize your overall liability and shortens the audit period.
Franchise Tax Board Audits
The Franchise Tax Board of California (FTB) is like any taxing entity in that it ensures taxpayers compliance through the use of audits. An FTB audit is a formal inspection of your books and records in connection with your personal or business tax returns. The purpose of an audit is to ensure that you as