Foreign Bank Account Tax Amnesty Attorney: Internal Revenue Service IRS introduced new 2012 offshore voluntary disclosure program to encourage IRS taxpayers holding foreign or offshore bank accounts. Previous programs introduced in 2009 and 2011 have been extremely successful for the IRS. Based on the result of the Offshore Voluntary Disclosure…
OUT-OF-STATE SELLERS: DO YOU NEED TO REGISTER WITH CALIFORNIA STATE BOARD OF EQUALIZATION FOR SALES AND USE TAX? State of California taxes are governed by the following entities: California BOE Sales Tax California Income Tax Franchise Tax Board FTB California EDD Payroll or Employment Tax As a follow up to…
OUT-OF-STATE SELLERS: DO YOU NEED TO REGISTER WITH CALIFORNIA STATE BOARD OF EQUALIZATION FOR SALES AND USE TAX? State of California taxes are governed by the following entities: California BOE Sales Tax California Income Tax Franchise Tax Board FTB California EDD Payroll or Employment Tax Many companies who are not…
California Tax Attorney: Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxpayer’s right to deduct donations to a Catholic Church. The case involves a married couple who got audited by the Internal Revenue Service concerning donations they deducted…
Los Angeles Tax Attorney: California Income Tax – Franchise Tax Board FTB released its annual list of top 250 California taxayers who haven’t paid their taxes. Tax Debt – Top 250 Honor Roll List Highest Unpaid Tax Debt: $13,120,479 Lowest Unpaid Tax Debt: $ 290,964 Notable Celebrity: Pamela Anderson (Website:http://pamelaanderson.com/)…
Los Angeles Tax Attorney: Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxpayer’s right to deduct tax losses from a “S” Corporation. The tax case involves an attorney who claimed a loss from his incorporated law practice on…
Los Angeles Tax Attorney: Last year IRS filed tax lien against California Governator. The IRS tax lien against Schwarzenegger sought $79,000 for taxes or penalties related to informational tax returns pursuant to IRC 6721. Almost a year later, Schwarznegger got his IRS tax lien released. According to TMZ, tax lien…
Los Angeles Tax Attorney: Internal Revenue Service IRS released information on its tax audit and tax collection activity results from 2009. Tax Audit, Tax Collection and Tax Audit Category base on income can be found here . Interesting points to note: 1) IRS Collected through tax levies and tax liens…
California Tax Attorney: Internal Revenue Service IRS catches another tax evader. Another
California Tax Attorney: Last year Democrats Proposed 30% Tax on Foreign Banks that refuse to disclose US Taxpayers as part of continuing efforts by the IRS to quash offshore asset protection and tax evasion strategies conjured up by various financial planners. US Taxpayers with offshore or foreign bank account are…