Los Angeles California Tax Attorney Blog

April 12, 2008

IRS Tax Returns Not Filed in Long Beach Pasadena Santa Monica Torrance?

Torrance Tax Attorney – The Internal Revenue Service today urged IRS taxpayers who need additional time to complete their tax returns to submit their requests for an automatic extension electronically by April 15.

The IRS tax extension gives taxpayers until Oct. 15 to file the IRS tax return. An IRS tax extension does not give the IRS taxpayer an extension of time to pay. Those who owe taxes can make a payment when they file the extension either by mailing a check or by several electronic payment methods, such as electronic funds withdrawals from bank accounts and credit card payments.

Some IRS taxpayers can wait until after April 15 to file a return, pay any taxes due and make IRA contributions for 2007. As a general rule, those eligible get the extra time without having to ask for it. Eligible IRS taxpayers include:

April 11, 2008

IRS Tax Counsel’s Office Selects New Tax Attorney From Los Angeles California

by Victor J. Yoo, Attorney at Law

IRS Selects Tax Attorney From Los Angeles California

Los Angeles Tax Attorney – Internal Revenue Service Tax Attorney Donald L. Korb has selected David Hasen as the 2008-2009 Professor in Residence.

The IRS professor in residence reports directly to the IRS chief counsel and provides tax advice and assistance on a wide array of tax related legal issues within the scope of his or her legal expertise.

April 10, 2008

IRS Tax Information in Spanish Available in Los Angeles – Tax Attorney

by Victor J. Yoo, Attorney at Law

Los Angeles Tax Attorney – The Internal Revenue Service today reminded IRS taxpayers and tax lawyers that information about the economic stimulus payment is available in Spanish. Many IRS taxpayers in throughout Los Angeles, San Diego, Orange County, San Jose, Oakland and San Francisco who speak Spanish can now obtain all IRS payment plan information in their native language.

Information also is available for Spanish-speaking retirees, disabled veterans and low-wage workers who normally do not have a tax filing requirement but must file a tax return this year to receive an economic stimulus payment. All stimulus payment details are available at Centro de Información Sobre los Pagos de Estímulo Económico.

Starting in May, the IRS will issue economic stimulus payments of up to $600 ($1,200 for married couples) for people who have an adjusted gross income of less than $75,000 in adjusted gross income ($150,000 for married couples). There also is a payment of $300 for each qualifying child younger than 17.

April 9, 2008

IRS Looking for Tax Attorneys in California

by Victor J. Yoo, Attorney at Law

Los Angeles Tax Attorney – The Internal Revenue Service is requesting membership nominations from Los Angeles, San Francisco, San Diego, San Jose and Oakland area tax attorneys and tax advisors for the Information Reporting Program Advisory Committee. The deadline for submitting applications to the IRS is May 30, 2008.

Established in 1991, IRS’ Adivsory Committee provides recommendations to IRS leadership on a wide range of information reporting and administration issues. The committee presents a report to the IRS commissioner each year at a public meeting in the fall.

In order to effectively advise the IRS commissioner and executives, members are drawn from substantially diverse backgrounds. Members include representatives of the taxpaying public, the tax professional community, small and large businesses, colleges and universities, state tax administrations, banks, insurance, foreign financial institutions and the payroll community.

April 7, 2008

Los Angeles and Orange County IRS Tax Problem or Tax Help Organization May Receive IRS Grants

by Victor J. Yoo, Attorney at Law

Orange County Tax Attorney – National Taxpayer Advocate Nina E. Olson announced today that the IRS will accept applications for a part-year Low Income Taxpayer Clinic (LITC) matching grant from qualified organizations that will provide IRS tax services to qualified taxpayers in the following areas: Los Angeles, California; Central Oregon; Boise, Idaho; Minneapolis, Minnesota; Reno and Las Vegas, Nevada; St. Louis, Missouri; Brownsville and Laredo, Texas; Southwest Florida; New Mexico; Colorado; Mississippi; and Northeast Pennsylvania.

The supplemental application period for this grant will run from March 24, 2008, until April 24, 2008. The grant will cover the balance of the 2008 grant cycle (the 2008 grant cycle runs January 1, 2008, through December 31, 2008), and successful applicants may be eligible for a regular full-year grant for the 2009 grant cycle.

LITCs are qualifying organizations that provide representation for free or for a nominal charge to low income taxpayers involved in tax disputes with the IRS. They also provide education on taxpayer rights and responsibilities to taxpayers for whom English is a second language.

March 25, 2008

IRS Tax Return Filed by Senator Obama

by Victor J. Yoo, Attorney at Law

Los Angeles Tax Attorney – Senator Barack Obama has released his Internal Revenue Service (IRS) 1040 Tax Return for taxyears 2000-2006. You can view 2006 IRS Tax Return filed by Obama here.

He filed his IRS tax return jointly with his wife Michelle Obama. Based on cursory review of his IRS tax returns for 2000-2004, Senator Obama’s tax returns looks super clean and would survive any scrutiny from IRS tax audit. There are few items on 2005 and 2006 which could have been treated differently but would have had a negligible tax impact.

It would be interesting to review Clinton’s tax returns.

March 20, 2008

I Haven’t Filed My Taxes or IRS Tax Return

by Victor J. Yoo, Attorney at Law

Tax Attorney Advice – Each year there are over 10 million IRS taxpayers who haven’t filed their taxes or IRS 1040 tax return.

Taking the following action may save a lot of taxes and avoid criminal prosecution by the IRS. If you are being contacted by the IRS or are receiving threatening letters from the Internal Revenue Service, you may need to contact a tax attorney for guidance.

File All Tax Returns

March 18, 2008

California and Hawaii Taxpayers must be careful with tax their tax preparer or face tax audit or criminal tax problems.

by Victor J. Yoo, Attorney at Law

California and Hawaii Taxpayers must be careful with their tax preparer or face tax audit or criminal tax problems.

Long Beach Tax Attorney – For many IRS and California FTB taxpayers, this is the beginning of the tax return filing season. California Franchise Tax Board today reminded the more than 9.7 million taxpayers who use tax preparers for the income tax filing season to make sure their preparer is a qualified tax professional. Over the last several years there have been numerous IRS and FTB tax audits and tax court cases which have revealed a continuing pattern of tax fraud by certain tax preparers.

If you have been a victim of tax fraud or are in trouble with the IRS or FTB, you should consider consulting with a tax attorney.

March 14, 2008

Tax Audit- Independent Contrator or Employee: Factor Test for Payroll Tax Audit or Tax Court Litigation in Los Angeles Long Beach San Jose San Francisco Santa Ana Irvine Oakland California

by Victor J. Yoo, Attorney at Law

Tax Audit- Independent Contrator or Employee: Factor Test for Payroll Tax Audit or Tax Court Litigation in California.

California Tax Attorney– As IRS and State taxing agencies including California Employment Development Department (EDD) increase tax audit of business payroll records, we are noticing an increased attempts to reclassify indepedent contractors to employee status. Some IRS and EDD tax auditors are taking unilateral determination during the tax audit process that all independent contractors should be treated as employees. The following is a brief summary of common law legal factors to consider in employee vs. independent contractor analysis.

If you are located in the following areas- Los Angeles, Long Beach, San Jose, Oakland, Santa Ana, Irvine and San Francisco, and need to consult with a tax attorney regarding payroll reclassification audit of independent contractor to employee status, contact us at 888 553 8000.

March 12, 2008

Tax Audit or Tax Problem From Plastic Surgery in California – Tax Attorney Tax Analysis

by Victor J. Yoo, Attorney at Law

Tax Attorney Analysis of Potential IRS Tax Court Ruling-Tax Audit or Tax Problem From Plastic Surgery Expense Deductions.

Los Angeles – San Franciso Tax Attorney – The rate of plastic surgery in California especially in Los Angeles, Beverly Hills, Malibu, Pacific Palisades, Manhattan Beach, Palos Verdes, Newport Beach, Orange County, San Jose, San Franciso have seen dramatic increases over the last decade.

As tax attorneys, we are often asked by our clients in the entertainment industry whether certain surgical enhancements may be claimed as a deduction or expense.