When businesses struggle financially, it can be tempting—sometimes even unavoidable—to delay certain payments. Unfortunately, payroll taxes are not something the IRS allows any flexibility with. In fact, the IRS takes the nonpayment of employment taxes so seriously...
Finding Real Life Solutions To Your Tax Problem
Attorney Robert T. Leonard
Los Angeles Tax Law Blog
5 costly mistakes to avoid during a tax audit
A tax audit forces you to put your financial records under a microscope, and even small mistakes can create bigger problems than you expect. Both individuals and businesses face risks when they miss details, miss deadlines or mishandle the process. Here are five...
Should you file an offer in compromise or bankruptcy? A detailed comparison
Dealing with overwhelming tax debt is stressful. Two potential solutions—Offer in Compromise (OIC) and bankruptcy—can provide meaningful relief, but they work in very different ways. Understanding the pros and cons of each option will help you make an informed...
Facing your ex’s IRS debt? Innocent spouse relief may protect you
If your ex-spouse failed to report income or underpaid taxes, you may feel blindsided when the IRS comes after you for their mistakes. This is where innocent spouse relief comes in, and knowing how it works can give you a way to separate your financial future from...
Anatomy of a successful offer in compromise
Taxpayers who face high levels of tax debt have options to help manage this bill. The offer in compromise (OIC) is one example. This option involves a taxpayer offering to settle a tax bill for less than owed. The Internal Revenue Service (IRS) may accept this offer...
What is the difference between a tax attorney and a CPA (inactive)?
Whether you have multiple business interests, pieces of property, trusts, or other complicated financial questions, there are situations when dealing with finances requires a team of professionals. Those who find themselves looking for professional help have a number...
What do I need to know about an audit by the EDD?
The Employment Development Department (EDD) is responsible for payroll tax audits in California. Any business with operations in California could find themselves the subject of an EDD audit. This state organization is aggressive and will doggedly look for violations....
4 red flags that increase the risk of a tax audit
The Inflation Reduction Act will have a big impact on tax law. One specific portion that has led to concern is how the Internal Revenue Service (IRS) will use the $80 billion in funds it will receive over the next decade as a result of the passage of this law....
Watch out for these warning signs when using a tax payroll service provider
Business owners balance everything from operational needs to making sure the services or products provided are profitable. It is often beneficial for business owners to outsource certain business needs. This is particularly true for areas of operation that require...
Can I challenge the results of a California FTB audit?
Having to deal with taxing authorities is never fun but navigating an issue with California’s Franchise Tax Board (FTB) is particularly difficult. The FTB has a reputation for aggressive pursuit of tax debt that rivals the Internal Revenue Service (IRS). Taxpayers who...