Every year the IRS and Franchise Tax Board send out thousands of questionnaires to taxpayers for clarification on their tax filing statuses. We regularly work with clients at our tax law offices in San Diego, Orange County and Los Angeles to help them choose the correct filing status from head of household tax mistakes. Head
San Diego Law Firm
Five Things to Do if You Owe Money to the Board of Equalization
One of the most common problems we help our clients address at our tax law offices in San Diego and Orange County is taxes owed to the California State Board of Equalization. In this blog post we’ll take a look at the five best ways to address that issue and resolve them in a timely
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
Stop Identity Theft-Part Two
As a Southern California tax law firm that deals with the IRS on a daily basis, we’ve seen first-hand the devastating effects of what can happen to unsuspecting people who are the victims of identity theft. It can take months and sometimes years to repair the damage done by thieves. We counsel people every day
How Traders Write Off Large Losses
One of the common problems we see in our tax law offices in San Diego, Beverly Hills and Orange County has to do with investors and financial traders who have improperly set-up their business and consequently are being audited after taking deductions under Section 475 of the mark-to-market securities tax code. The IRS established Section
Stop Identity Theft in its Tracks-Part One
It seems like we keep reading the same stories over and over again—thieves have cracked a corporate network and stolen credit card and personal information from thousands of people. The latest breach comes from of all places, the IRS where thieves stole personal and sensitive information from more than 100,000 people. We hear about its
What’s Required of Non-Profit Tax Reporting?
There are tens of thousands of businesses across the country that are recognized as non-profits—instead of existing to make money for investors, these businesses operate for the public good and thus claim tax-exempt status. It’s important to note that just because a business is recognized as a 501(c) organization does not mean that it’s limited
Non-Profit Corporate Formation
Non-profit organizations provide a wide variety of valuable charitable, educational, and scientific services to people throughout California and the nation. If you are considering forming a non-profit, it is essential to understand the legal and tax implications of how you structure and operate such an organization. It is not simply a matter of opening your
Independent Contractor Classification Audits Explained
The classification of workers as independent contractors is often misused by many small businesses. In order to avoid some of the costs related to having employees, such as payroll taxes, worker’s compensation, unemployment taxes, and employee benefits, some businesses will attempt to classify workers as independent contractors, but often times these workers would actually meet
Renae Arabo Day
Earlier this month, our CMO Renae Arabo was honored at the San Diego East County Chamber of Commerce’s Annual Meeting for her year of service as the Chairwoman of the Board at the Chamber. Renae’s passion to promote business development and her efforts to strengthen relations in the East County business, government, and non-profit sectors