Avoiding Civil Penalties for Failing to File or Pay
The IRS can assess a penalty for the failure to timely file a tax return on or before the due date, and... Read More
Best Practices for Making Tax Payments – Don’t Send in a Check
Both the IRS and the FTB offer the ability to make electronic payments online. Therefore, the days of manually writing a check... Read More
Words of Wisdom —Always File on or Before the Deadline
Taxpayers should always file their tax return on or before the due date and confirm with their tax return preparer that the... Read More
IRS and Virtual Currency
IRS Has Begun Sending Letters to Virtual Currency Owners Advising Them to Pay Back Taxes, Files Amended Returns; Part of IRS’ Larger... Read More
California Supreme Court Finds Workers are Employees and Not Independent Contractors, Decision Has Significance for Businesses and May Impact Employment Tax Audits
In Dynamex Operations West, Inc. v. Superior Court (Ct.App. 2/7 B249546, Los Angeles County Super Ct. No. BC332016), the California Supreme Court... Read More
IRS Updated Voluntary Disclosure Practice
On November 20, 2018, the IRS issued a Memorandum addressing the process for all voluntary disclosures (both domestic and foreign) following the... Read More
Recent Developments – IRS Enforcement Priorities
Steven L. Walker recently attended the 34th Annual National Institute on Criminal Tax Fraud and the Seventh Annual National Institute on Tax... Read More
2017 Tax Reform – Last Minute Year-End Moves in Light of Tax Cuts and Jobs Act
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your... Read More
New Appeal Procedures – California Franchise Tax Board
Starting January 1, 2018, appeals of Franchise Tax Board (FTB) decisions will be heard by the Office of Tax Appeals. Created by... Read More
IRS Announces Rollout Large Business and International Compliance Campaigns
On November 3, 2017, the IRS announced the roll out of 11 Large Business and International Compliance Campaigns (LB&I). LB&I had announced... Read More