When you think about today’s common entrepreneur, who do you envision: the baby faced techie or the gray haired dreamer? If you have seen the movie “The Intern,” chances are that you will identify with Anne Hathaway’s character more than Robert...
Finding Real Life Solutions To Your Tax Problem
Attorney Robert T. Leonard
Los Angeles Tax Law Blog
Can you save on taxes when RMD’s apply?
For those coming into retirement and have diligently saved for their golden years, now is the time to spend the money; literally. This is because the tax deferrals that retirees enjoyed by putting money away into tax particular accounts (such as IRAs and 401(k)s) will...
Beware of Orlando related scams
It is expected that out of tragedy comes humanity. In the aftermath of the mass shootings in Orlando last week, scores of people have stepped up to provide relief in the form of monetary donations. GoFundMe pages have been established, and local charities have...
IRS to change its asset foreclosure procedures
People usually can’t imagine the feeling of being robbed. Who can really understand the sense of despair, helplessness and being violated that comes after your personal space is invaded and your belonging are taken. Unfortunately, a number of taxpayers have...
Should you use an accountant or a tax attorney for tax issues?
Generally speaking, no one really wants to deal with tax issues; whether they are figuring out what exemptions may apply given one’s tax bracket or dealing directly with the IRS on a Notice of Lien, it may be difficult to determine who is better equipped to help...
Three tips for dealing with the IRS
To many people, the IRS is like the “boogeyman.” Part legend, part myth; but every bit as scary as one’s childhood fears. Part of this is because the federal government’s vast power to collect on past due taxes. The other is that there are so...
How spring cleaning can help with next year’s taxes
While many people use the Memorial Day weekend holiday to have family gatherings and barbeques, others use it as an opportunity to complete house cleaning projects. This may include chances to donate old clothes, furniture and electronics to charities. As we...
More millennials at odds with the IRS
It's no secret that millennials see the world differently than previous generations (i.e. Generation X and baby boomers). They view employment, relationships and technology (especially), much different than how other do. Because of this, it is not surprising that they...
Where is your home…for tax purposes
California is a great place to live. Most people know this already given that they love the weather, the access to so many attractions, and the cost of living. However, the taxes can be high in the Golden State. Depending on your income, it could be more than 13...
Could you owe Uncle Sam some of your derby winnings?
The Kentucky Derby is not just a spectacle of horse racing, it is an event where the who’s who of basically anything convene to see the first race in the coveted triple crown of horse racing. (For the uninitiated, the Preakness Stakes and the Belmont Stakes are...