When is a trust subject to taxation in California?
Generally, a trust is subject to tax in California “if the fiduciary or beneficiary (other than a beneficiary whose interest in such... Read More
When can a change in ownership to real property trigger a tax reassessment in California?
Locally assessed real property subject to Proposition 13 is reassessed upon a change in ownership or new construction. See Assessor’s Handbook, Section... Read More
Do I qualify for penalty abatement?
The IRS has a Penalty Handbook that sets forth the criteria for relief from penalties. A criterial for relief of some civil... Read More
How does the U.S. tax law impact green card holders?
Lawful permanent residents of the United States, also known as “green card holders”, have tax filing obligations with the Internal Revenue Service,... Read More
What happens if an IRS Special Agent knocks on your door?
An IRS Special Agent works for IRS Criminal Investigation, which is the law enforcement arm of the Internal Revenue Service, and CI... Read More
What are the options for an individual or business facing an audit by the California Franchise Tax Board?
A California Franchise Tax Board audit commences with an initial contact letter that explains why the FTB has selected an individual or... Read More
What happens in U.S. Tax Court?
If the taxpayer fails to respond to the 30-day letter and/or if no agreement is reached with the Appeals Officer, the IRS... Read More
What are the options for resolving a case after an audit?
An audit (more properly known as a civil examination) can last a few months or can span a year or longer (depending... Read More
Can a taxpayer refuse an IRS summons?
Assume, for example, that a company is the subject of an IRS civil examination, and the IRS Revenue Agent issues an Information... Read More
Am I an innocent spouse?
Are you an individual who claims to be an innocent spouse? Perhaps you are going through a divorce and are concerned about... Read More