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
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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
Streamlined Filing Compliance Procedures
Filing your taxes is often a confusing, overwhelming process. For some individuals who mistakenly fail to report certain assets on their tax returns, there are a couple of options available to remedy the situation. To ensure that all IRS requirements are met—and to avoid penalties or other consequences—it is best to seek the advice and
IRS Tax Levy vs. IRS Tax Lien: What is the Difference?
The federal tax code is a massive body of laws and regulations that many find confusing and overwhelming. Of course, many professions were created to assist the public with their taxes—accountants and tax attorneys, for example. Many taxpayers get behind on their tax payments, and, in these cases, the IRS may issue a levy or
Living Trusts: An Essential Estate Planning Tool
Estate planning is an important part of life planning that affects your entire family. The decisions you make today regarding your estate plan can help protect your loved ones in the future. Without an estate plan, you can’t choose who gets everything that you have worked so hard for. Instead, the courts will decide who
Understanding the IRS Audit Technique Guides: An Overview for California Businesses
The IRS audit process is stressful and overwhelming for business owners. Fortunately, the IRS publishes its IRS audit technique guides that employees use to conduct these audits, which can provide business owners with insight into the process. Of course, an IRS audit attorney is one of the most valuable tools business owners have during this
A Complete Guide to California Payroll Taxes
Payroll Taxes As a California business owner, there are many different tax laws that impact your company. What taxes are you responsible for? How do you calculate your payroll taxes? To learn about the answers to these questions and more, check out our guide below. California Payroll Taxes: What Are They and How to Calculate
California Cities With The Largest Number of Delinquent Taxes & Taxpayers
As the most populated state in the country, California exceeds many other states across a number of quantifiable records and taxes are no exception. The Golden State not only has the highest tax rates in the country, but also has some of the highest rates of tax delinquency. Being that the largest delinquent tax accounts
Head of Household Tax Mistakes
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