Finding Real Life Solutions To Your Tax Problem
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...
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...
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...
Tax law is complicated for everyone involved, and perhaps the most complicated aspect of all the process of tax litigation is the appeals process. If you have been audited or have been through Tax Court with an unfavorable decision, it will be helpful for you to...
You have received the "Notice of Deficiency" from the IRS that there was some kind of deficiency or discrepancy in your recent tax audit. This letter gives the recipient 90 days to file a petition to contest the audit’s findings. If the petition is not submitted...
Anyone running a business knows the importance compliance and tax reporting requirements. It is critical to understand the various requirements in order to avoid tax penalties and criminal liability. One of the more important requirements involves 26 U.S. Code §...
An important decision every employer must make, with each individual providing any service to the company, is how to classify that person. Whether to classify someone as an employee or an independent contractor is an extremely important decision for employers. While...
The tax audit is one of most dreaded occurrences for any individual of wealth. While the IRS occasionally conducts audits at random, most audits are focused on people in higher income brackets. More aggressive tax audits of the wealthy In fact, it appears that...
For people who are facing significant tax debts and arrearages, one of the challenges involves determining whether to make an offer in compromise. An offer in compromise, generally, is an offer to the government to pay less than the total of what you owe in order to...
Everyone knows that there are penalties for failing to pay taxes. But in California, few know how severe the repercussions can be, especially when falling significantly behind in state tax obligations. If you are in arrears in paying your state taxes in California, it...