THE GOOD THE BAD AND THE UGLY California Proposition 19Proposition 19, formally titled “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or National Disasters Act” (“Prop 19”) was narrowly passed by California voters on November 3, 2020, with 51.1% of the total vote. Despite Prop 19’s heartwarming title, its primary purpose
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California Franchise Tax Board’s Top 500 Delinquent Taxpayer List
Lists can sometimes be fun. David Letterman made a career out of his witty top 10 lists. College football fans like seeing where their favorite teams fall on the Top 25 polls. Netflix viewers may like perusing the Netflix Top 10 list to see which series they should binge watch next. One list that is
California Franchise Tax Board – Can You Ever Leave the Hotel California?
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
I Want My Money
In March 2020, Congress Passed the Coronavirus Aid, Relief, and Economic Security Act, CARES Act. The stimulus payments for the CARES Act is a $2.2 trillion legislative behemoth that seeks to stimulate the economy and provide relief to individuals and businesses affected by the COVID 19 epidemic. One provision of the CARES act are the
Paycheck Protection Program – PPP Loan – How to Use Them
The late and great Kenny Rogers once famously sang, “You gotta know when to hold them, know when to fold them.” Well when it comes to Paycheck Protection Program PPP Loan, business owners need to know when to spend it and when to end it. In March 2020, Congress passed the Coranavirus Aid, Relief, and
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
Successful Whistleblower Claims
Did you know that in the past few years the IRS has created dozens of newly minted millionaires? The tax agency paid Bradley Birkenfeld 104-million dollars. Another example is Lynn Szymoniak, who walked away with 18-million dollars. In 2015, close to a hundred people walked away on average with more than a million-dollars apiece according to