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: 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…
Los Angeles Tax Attorney: If you are looking for information on the IRS voluntary disclosure or the IRS FBAR program you can visit here FBAR – Why file IRS Voluntary Disclosure or here IRS Voluntary Disclosure for FBAR If you owe a debt to a bank or any other creditor…
Torrance Tax Attorney: Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxability of lawsuit settlement funds. The case involves money settlement received by a taxpayer from a class action against the US Air Force. KEVIN HENNESSEY v. COMMISSIONER…
Los Angeles Tax Attorney: Congratulations Los Angeles Lakers #15 Los Angeles Lakers 2009 World Champions Game Highlights
Los Angeles Tax Attorney: Internal Revenue Service IRS TAX has set a deadline for reporting offshore bank accounts and other offshore income activities through its voluntary disclosure program. Voluntary disclosure may eliminate risk of IRS criminal prosecution and reduce or eliminate assessment of tax penalties. Even taxpayers who do not…
Los Angeles Tax Attorney United States Tax Court US TAX COURT intervention to expedite release of federal tax lien may not be required due to a new guideline issued by the IRS. Internal Revenue Service IRS TAX today announced an expedited process that will make it easier for financially distressed…
Los Angeles Tax Attorney: Last week’s firestorm regarding Sarah Palin’s wardrobe expenses generated several calls regarding tax implications or tax problems for Governor Palin stemming from her $150,000.00 clothing shopping spree. Politics aside (Democrats position: $150,000 for clothes…she’s no Josephine Six Pack, Republicans Position: Remember John Edwards $400 hair cut),…