Informational Returns 1099 tax forms are some of the most recognizable tax forms to the average taxpayer. These forms are considered informational tax returns because the IRS requires filers of informational returns to provide this information to individuals they have completed potentially taxable transactions with and also to provide this information to the IRS. This
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First Time Penalty Abatement Program
The First Time Abatement (FTA) penalty waiver program is a relatively unknown program that allows taxpayers to request a waiver of failure-to-pay (FTP) and failure-to-file (FTF) penalties that have been applied to past due tax obligations. Introduced in 2001, this program allows taxpayers who have run into trouble with their tax obligations to avoid paying
Orange County Tax Attorney
Orange County Tax Attorney RJS LAW, Southern California’s finest tax law firm, specializes in all areas of civil tax controversy and criminal tax defense. Founded by CEO and principal attorney Ronson J. Shamoun in 2003, we began with the desire to lend a helping hand to our community and solve their problems with integrity and
Beware of Most Recent IRS Scam
We have been noticing a high volume of clients calling us claiming someone from the IRS is threatening to serve a warrant for their arrest immediately if they do not pay, and these calls are almost always a part of an elaborate scam targeting taxpayers. CNN Money published an article warning about these suspicious scams,
How the IRS calculates interest
How the IRS calculates interest Filing a tax return on time and paying any taxes due allows you to avoid having to worry about paying any additional penalties and interest the IRS may charge. However, every year there are taxpayers who find that they are unable to pay their tax obligations on time. These taxpayers
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
Taxpayer’s Bill of Rights
Taxpayer’s Bill of Rights Have you heard about the Taxpayer’s Bill of Rights? For years the IRS has published different procedures, processes and taxpayer expectations throughout different publications its offered to the public. But just like the Bill of Rights in our constitution, the agency has boiled it all down to ten overarching taxpayer right’s and
Understanding the Alternative Minimum Tax
It’s one of the most dreaded phrases a taxpayer can hear, “you’re subject to the Alternative Minimum Tax.†If you’re hearing it from your tax attorney,  get ready to break out your checkbook because chances are very high that you’ll be paying a lot more to the federal government. What is the Alternative Minimum Tax? The
Understanding Your CP102 Notice From the IRS
If you have received a CP102 notice from the IRS in the mail, they are notifying you of changes they made to your return because they believe there was a miscalculation. As a result of this, you owe money on your taxes. Here is what you need to do if you have received a CP102
IRS CP 74 – Notification of Recertification for the EITC
If you received this notice, the IRS is notifying you that you have been re-certified for the Earned Income Tax Credit (EITC). The EITC is a benefit for taxpayers who work and have low to moderate income. This credit reduces the amount of taxes you owe and may also result in you receiving a refund.