Same-Sex Marriage and Taxes The discussion continues and people are still debating the legal merits of the Supreme Court’s landmark ruling legalizing same-sex marriage. But there is one area people on all sides of the issue can agree upon—the ruling adds a lot of uncertainty to tax and property issues across the country. At our
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Stop Identity Theft-Part Two
Identity Theft Stop Identity Theft! 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.
How Traders Write Off Large Losses – Mark to Market Securities Tax Code
Mark to Market Securities Tax Code One of the common problems we see in our tax law offices in San Diego 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.
Stop Identity Theft in its Tracks-Part One
Stop Identity Theft Stop Identity Theft! 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
What’s Required of Non-Profit Tax Reporting?
What’s Required of Non-Profit Tax Reporting? 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
Non-Profit Corporate Formation
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
Delinquent Report of Foreign Bank Accounts – (FBAR) Submission Procedures
Foreign Bank Accounts If you have a foreign bank account that had a balance of at least $10,000 at any point during the calendar year, federal law requires you disclose the existence of such an account to the Internal Revenue Service. A taxpayer must file a Report of Foreign Bank and Financial Accounts (known as
SD Chargers
SD Chargers Local tax law firm throws its support behind the San Diego Chargers in their plight to a new stadium. Local officials are trying to devise an economically viable plan to build a new stadium while officials from the team are exploring options that may include them leaving San Diego, and RJS LAW is
Board of Equalization Audit
The California Board of Equalization (BOE) is tasked to the administration and collection of many non-income tax oriented taxes and fees for the state of California. Because many of these taxes and fees are an important part of the state revenue stream, enforcement of the collection of these fees is an important aspect of the
Sales and Use Tax Audits
Sales and Use Tax Audits As many states begin to look for ways to boost revenues, state tax departments are increasingly looking at enforcement of current tax laws and making sure that taxpayers are in full compliance with paying their tax obligations using sales and use tax audits. One of the tax streams that states