The IRS recently released a report showing that they paid out a record $125 million to whistleblowers in 2012. The IRS whistleblower program is designed to reward those who report tax evasion or fraud with financial compensation. In 2006, Congress overhauled the...
Bay Area Estate And Tax Planning Law Firm
Month: February 2013
Capital gains tax changes and your business
As we discussed last month, the much-talked-about fiscal cliff made included some changes to capital gains tax rates. Capital gains tax for households earning more than $450,000 (or individuals making more than $400,000) will also jumped from 15 percent to 20 percent....
IRS loosens requirements for tax preparers
Like many people in California and across the country, you may choose to hand over a stack of paperwork to a professional tax preparer when tax season arrives. It can be an easy way to get your taxes taken care of without spending hours poring over documents and...
How gifting can help you save on taxes
Everyone wants to lower the amount of taxes they are required to pay in a year and get that maximum refund in the spring. With filing season upon us, you may be thinking of ways to get the most bang for your buck this year - while avoiding the dreaded IRS...