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
taxes
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
Should You Hire a Tax Attorney?
Should You Hire a Tax Attorney? It’s the kind of mail nobody wants to receive—a letter from the IRS. It’s pretty much given that any mail you get from the agency is most likely not going to contain good news. If you receive a letter from the IRS you have an important decision to make.
When Do You Need a Criminal Tax Attorney?
Criminal Tax Attorney It can happen to anybody. An innocent mistake is made and the next thing you know, you find yourself the target of a criminal tax investigation looking for a criminal tax attorney. Everything you’ve worked for is in jeopardy and you could find yourself facing jail time. The most important question you’ll
Will Your Business Be Audited?
Will your small business be audited? If you want to send a small business owner’s blood pressure soaring just tell them they’re being audited. Even if they have all their documentation and they’re ready to defend deductions and support their income, the audit process is still enough to drive people crazy. So will get audited this
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