California Franchise Tax Board The Eagles famously sang in their hit Hotel California, “You can check out any time you like, but you can never leave.” The Eagles never gave an explanation as to what the cryptic lyrics of Hotel California truly meant. Fans gave various theories ranging from the song being about the excesses
FTB Audits
July 15th IRS Deadline – When their Gloves Come Off
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
I Paid My Taxes, Why Do I Still Owe Money to the Franchise Tax Board?
California FTB 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 California FTB. One of the most common questions we get from our clients in cities like Newport Beach, Irvine and Santa Ana has to do
Criminal Tax Audits
At the RJS LAW tax offices located in Orange County and San Diego, we not only deal with civil tax issues, we help clients who face criminal tax audits and possible jail terms. CriminalTax Audits and charges are becoming more common as the California State Board of Equalization cracks down on and investigates tax evasion.
What to Expect From a Tax Audit
Tax Audit “What to expect from a tax audit?” It’s the most common question we’re asked regarding audit notices when people come to our tax law offices in San Diego and Orange County. The letters typically arrive without warning and it catches taxpayers off-guard. In this post we’ll try to dispel some myths and explain
Free Tax Resources
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
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?” Deduct With Care: These Write-Offs Could Lead to
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