This Week in Consumer

Victor Sy, CPA, MBA

Victor Sy, CPA, MBA Victor Santos Sy, CPA, MBA, provides professional services in accounting and tax controversy including IRS audit defense and offers in compromise. He also advises clients on choices of entity including corporations for small businesses and LLCs for rentals. Vic worked with SyCip, Gorres, Velayo (SGV - Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation at 704 Mira Monte Place, Pasadena, CA 91101. The firm celebrates its 35th anniversary in 2012. You may email tax questions to Vic at You are welcome to visit our website for about 300 tax tips at

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Columns Archive

New California laws 2017

“ Workers in ‘substantially similar’ jobs but of different races or ethnicity will need to be paid equal wages.” (Part 2 of 2) TEXTING While Driving: Texting is already forbidden, but new law further prohibits drivers from using smartphones for other … Continue reading

January 23, 2017

New California laws 2017

(Part 1 of 2) Minimum Wage The statewide minimum wage increases from $10.00 to $10.50 an hour for businesses with 26 or more employees. Granny Flats to Relieve Housing Crisis  To help the State’s housing crisis, it is now easier … Continue reading

January 14, 2017

Murphy’s Law 2: A somber side of life

WHILE my columns usually focus on the serious subject of IRS audits, let’s end this year with more somber versions of Murphy’s Law: Law of IRS Audits If you are a rat pack who keeps lots of tax records, you … Continue reading

December 31, 2016

ABCs of foreclosures, short sales, and deeds in lieu

THE loss of our homes to foreclosure, short sale, or deed in lieu of foreclosure is akin to adding insult to injury – after losing our homes, we also have to worry about lender repercussion, credit history, and tax consequences. … Continue reading

December 29, 2016

Community property with right of survivorship

MARRIED couples buying property are asked to decide how they should hold title: • Joint tenancy or • Community property. Basically, it is a choice between the ease of transfer to the survivor for joint tenancy and the tax benefits … Continue reading

December 10, 2016

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