Taxpayers in California and across the United States have a short time window before the president's tax order goes into effect. But reports suggest many aren't ready for the transition.The deferral begins Sept. 1 and runs through the end of the calendar year....
Finding Real Life Solutions To Your Tax Problem
Attorney Robert T. Leonard
Los Angeles Tax Law Blog
IRS accepting accountability for late refunds caused by pandemic
If you've ever gotten money back after filing your tax return, you probably know what it's like to wait for the IRS to process your refund so you can take a vacation, pay other debts or invest in your future. Considering this year's shutdowns and July Tax Day, waiting...
Can spouses avoid tax penalties if they prove their innocence?
Married couples hold many benefits. Not only can they share their lives together, they can also get special tax privileges. But this financial advantage comes with great responsibility. If spouses file a joint tax return, they can be equally liable for those returns...
Watch out for auditing scams in 2020
IRS audits can be scary. But if you don't know how the agency conducts them, it's hard to know if they're legitimate. As the IRS issued its "Dirty Dozen" tax scams of 2020, it's in your best interest to make sure you're not falling victim to criminal acts.The IRS has...
Decreasing tax liability: consequences for alleged misreporting
Now that you filed your 2019 return, you might think you are done dealing with taxes until next spring. However, if the IRS determines there is something amiss with your reporting, you could face criminal charges. A person found guilty of a willful attempt to "evade...
Preparing for an IRS audit
You had expected to hear from the IRS. The notice came in the mail yesterday. You and your business will undergo a painstaking tax audit. With the confirmation, there is some relief, but more worries, deadlines and conversations await you.A sensitive IRS audit with a...
What happens if your tax liability is unaffordable?
People from every income level and walk of life have suffered the effects of the global pandemic. With shutdowns, shelter-in-place orders and changes in consumer habits, financial constraints are a key consideration for many Americans – and just before Tax...
Tax penalty assessments and potential recourse
Though you know you must pay taxes, you probably try to conserve your money as much as possible. Fiscally responsible though you may be, the Internal Revenue Service (IRS) calculation of additional fees often augments California's significant tax rate.Due to the...
What do taxes have to do with traveling?
The current global health crisis affected every area of life. Temporary business closures, layoffs and distance learning put many incomes at risk, the natural result of which created complicated financial situations for many Californians.Travel bans have reduced...
Discharging taxes in bankruptcy after a substitute for return
You can't escape from death and taxes. However, you may be able to discharge certain tax liabilities through bankruptcy. Most tax debt can be discharged if you have filed tax returns for at least two years before seeking bankruptcy protection. However, if the IRS has...