For many people with back taxes due, an important consideration is the time limit. With a simple online search, people can discover that generally the IRS has 10 years to collect back taxes from the time the initial tax liabilities were assessed. However, most people...
Finding Real Life Solutions To Your Tax Problem
Los Angeles Tax Law Blog
If you act in good faith then you are not committing tax fraud or tax evasion even if you are wrong and a liability results
“But I’m not a criminal?” “I didn’t mean to deceive the IRS.” “I just didn’t understand the relevant tax laws.” These statements and many others like them are uttered to the IRS every year. And in many cases, these statements are true. It is extremely common for...
Can the IRS pursue me individually for my company’s payroll tax debt?
One of the most important benefits of a corporate structure is that it tends to shield the individuals involved with running the company from exposure to lawsuits and other legal problems. A Limited Liability Company (LLC), for example, limits liability – that is the...
Are you eligible for an offer in compromise on your back taxes?
For many people with tax arrearages, there could seem like no way out. Especially if you in a tough financial situation where you can’t pay your tax debts, it might seem like an impossible situation. One of the best options for people in your situation is an offer in...
3 ways to prepare for your business’s sales tax audit
For most businesses, the idea of any kind of audit – especially a tax audit – is a tremendous burden. It can be a costly resource burden to prepare for an audit, and any problems uncovered by the audit can result in serious, potentially expensive, repercussions. It is...
Is there a difference between EDD and IRS worker classifications?
When it comes to taxation for employers, one of the most important determinations involves the classification of workers. There are significant implications for classifying a worker as either an employee or private contractor. The risk comes into play when The...
Three things to do to survive your residency tax audit
Anyone who has lived in California for any length of time knows that the state has extraordinarily high taxes, and the state’s Franchise Tax Board (FTB) is extraordinarily enthusiastic about collecting. One way the state ensures it is making top dollar is through...
Demystifying EDD employee classification audits
Words like “payroll,” “tax” and “audit” can be a bit frightening for most employers, representing complex compliance regulations, a time consuming and costly legal process and potential legal problems. The prospect of an audit from California’s Employment Development...
Understanding the statute of limitations on IRS audits
A tax audit is one of those legal realities that most people want to avoid at all costs. Like jury duty or facing a civil lawsuit, a tax audit is time-consuming and potentially quite costly. A tax audit can also be complex. Some of the questions most frequently asked...
Are you being harassed by the IRS, FTB or other entity?
It makes sense that anyone to whom you might owe money would be legally entitled to take some steps to recover that money. It also makes sense to most people that there are some limitations on what entities can do to recover money owed to them. Businesses, the...