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 vic@victorsycpa.com. You are welcome to visit our website for about 300 tax tips at www.victorsycpa.com.


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Columns Archive


States with the lowest and highest income and sales tax rates

INDIVIDUALS and businesses in all 50 states pay federal income tax. Residents in 41 states also pay state income tax while nine states have no state income taxes. Here are list of states with lowest and highest state income tax, … Continue reading

September 18, 2017

The basics of statute of limitations

BACKGROUND: When is your tax return free from IRS audit? From your point of view, statute of limitations prevents the IRS from collecting a deficiency in tax or beginning a civil or criminal case. Statute of limitations provides a date … Continue reading

September 09, 2017

How long should you keep tax records?

HOW long do you have to keep tax records? How long can the IRS audit your tax returns? Let’s discuss tips on statute of limitations so you can clean your garage this weekend. 1. The general statute to audit you … Continue reading

September 02, 2017

10 strategies at IRS appeals

LET’S discuss 10 strategies as you meet face-to-face with the Appeals Officer: 1. Learn how the appeals process works. Learn how to gather, research, file, and prepare adequately. Get a coach to guide you through the survival process. 2. First … Continue reading

August 26, 2017

How to prepare for IRS appeals

AFTER losing an IRS audit, you can either pay or fight. If you choose peace and quiet—pay. If you choose to fight—go to appeals. Here are 10 tips on how to prepare for the appeals conference: 1. Research the issues … Continue reading

August 20, 2017

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