TIPS to remember when you have outstanding tax liability to the IRS: • Receipt of tax bill.  If you receive a bill for taxes due, pay the taxes owed including…

IF you receive an IRS notice, keep the following suggestions in mind: • Be alarmed, but do not panic. Call your tax professional for guidance. Do not delay your response….

THE bills described in this Rental Property Owner and Mangers Guide are rental housing related bills that were signed into law in 2016 and become effective January 1, 2017 unless…

What you need to do when you received a call or notice from the IRS? Below are some tips that you should be aware of: • Revenue Officer (RO) observes…

FORM W-2 and Form 1099-R should be available to you by January 31st and corrected versions should be available by end of February.  What you need to do if any…

U.S. citizens are generally taxed on their worldwide income regardless of where the income is earned or received. A U.S. citizen who earns income in a foreign country may also…

YOU have not filed your income tax returns for the current year and previous years because: 1) you decided you are not required to file? 2) You are a victim…

THE bills described in this Rental Property Owner and Mangers Guide are rental housing related bills that were signed into law in 2016 and become effective January 1, 2017 unless…

THE landlord or its representative must give the tenant a reasonable written notice in advance before entering the unit, and can enter only during normal business hours generally, 8 a.m….

HOW do you determine if the person visiting you either at your business or at home or calling you are not an IRS imposter? Look for two forms of credentials….

Someone uses your social security number to file a fraudulent tax return to claim a refund or get a job. An employer’s tax identification is stolen to create a false…

PART 1 CUSTOMER Service Dashboard: The goal is provide tools and resources in resolving tax matters. The “Customer Service Dashboard” was launched in March 1, 2017 with estimated time frames…

PART 1 THE focus of an audit is whether independent contractors should actually be treated as employees. The unpaid taxes for misclassified employees include income taxes, federal unemployment, and FICA…

EACH year brings hundreds of new laws to Californians and the year 2017 is no exception. Cell phones while driving AB No. 1785: Any electronic devices including smart phones will…

HOW do you determine if the person visiting you either at your business or at home or calling you are not an IRS imposter? Look for two forms of credentials….

1. What is New? Same sex marriages are considered the same as couples of opposite sex marriages for Federal tax purposes. On the other hand, other relationships that are not…

ESTATE and gift tax basics • Form 706 must be filed: 1) To elect portability regardless of the size of estate, to transfer deceased spouse unused exemption (DSUE) to surviving…

Customer Service Dashboard: The goal is provide tools and resources in resolving tax matters. The “Customer Service Dashboard” was launched in March 1, 2017 with estimated time frames for your…

It is not a good business practice to pay cash for wages. Issues when paying employees cash 1. You are exposed to income tax audits of both agencies federal and…

WE discussed previously the requirement for consistent basis reporting between the person receiving the property and the decedent’s estate. Applicability of filing requirements for US Citizens for transfer certificate. 1….

Two major requirements under the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015: 1. The estate executor or others required to file an estate tax return Form…

1. Non-recognition rules of property settlement between spouses. There is no gain or loss recognized on a transfer of property incident to a divorce under IRC section 1041. Sample 1…

JANUARY 31, 2017 is the  new deadline for filing 2016 Forms W-2 and W-3 both in paper forms and electronic. If you need 30-day extension complete Form 8809. There are…

1. YOU are REQUIRED TO FILE an income tax return if your 2016 gross income reaches: A. Single  $10,300 (11,850 age 65 or older) B. Married filing jointly  $20,300 (21,850…

THERE are two types of income tax – Regular and AMT. Currently, regular tax rates are: 10%, 15%, 25%, 28%, 33%, 35%, 39.6%,  while AMT tax rates are: 26% with…

JANUARY 31, 2017 is the  new deadline for filing 2016 Forms W-2 and W-3 both in paper forms and electronic. If you need 30-day extension complete Form 8809. There are…

KEEP a low audit profile. It reduces risk of an audit. Here are some tips to keep the IRS from auditing your tax returns: • Make sure that social security…

FOR taxpayers who itemize their deductions, the chart below should be of interest. But for those who take the odds, this chart should be of very special interest. While it…

KEEP a low audit profile. It reduces risk of an audit. Here are some tips to keep the IRS from auditing your tax returns: • Make sure that social security…

You may be liable for U.S. self-employment taxes if you have become an independent contractor either for a new employer or a foreign employer with no ties to the U.S….