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June 2013 Archives

Tax litigation seeks to protect local California businesses

In a legal challenge that claims that a recent real estate tax measure will hurt local California businesses, two plaintiffs have initiated a tax litigation procedure that seeks to have it declared illegal. The suit alleges that the Centinala Valley high school district is attempting to raise money to hire extra teachers and expand school programs by illegally and disproportionately assessing higher local real estate parcel taxes on businesses in the district. Four local elementary school districts in the area are also named in the tax litigation procedure along with the Centinala Valley High School district.

Estate tax may not be straightforward in California and elsewhere

The government requires money in order to operate and continue providing necessary services for a safe and productive society. However, in order to obtain these required operating funds, the government must levy taxes on the population which it governs in California and in every other state. Most people are aware of the income tax system and how it works. On the other hand, many are not so familiar with how the estate tax and gift tax system operates.

Tax return items that can trigger an IRS audit

Many California residents are curious about which types of tax matters are most likely to garner the attention of the Internal Revenue Service. In truth, it is impossible to predict with complete accuracy which returns will lead to an audit. However, there are a number of tax return issues which are known to increase the likelihood that the IRS will want to take a closer look at one's tax return.

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