For several years the Internal Revenue Service has been cranking up the heat on U.S. taxpayers in California and elsewhere who have unreported income from foreign bank accounts. Many of those accounts are in Switzerland. UBS and Credit Suisse are two large banking...
Estate And Tax Planning Law Firm
Uncategorized
Ex-spouse can cause trouble, and an audit!
Married couples usually file a joint tax return, and in most marriages one spouse takes charge of the activity, even though both are responsible for the information on the return. When a couple divorces, and neither is re-married, one of them will typically file as a...
Tax fraud on the rise says the Internal Revenue Service
Many in Alameda are breathing a sigh of relief now that tax day is behind us. For some, the refunds will be processed shortly. For others, their tax payments are about to clear. For yet others, they may get a notice to provide additional information.The Internal...
Internal Revenue Service involved in Oakland raid
Any California history buff will know that it was tax evasion and the Internal Revenue Service that finally put Al Capone behind bars. The IRS was also involved recently in an effort to allegedly shut down a medical marijuana operation in Oakland, California....
How to take advantage of tax deductions for divorced parents
When a California couple divorces, there are a great many changes in their lives. One of them is their annual tax return. Depending upon who has primary physical custody of the child or children, the tax deductions will vary. For those taxpayers who prepare their own...
Tax controversy for some California filers as April 17 approaches
The vast majority of those in the San Francisco Bay area, who are preparing to file their personal income tax returns on April 17, do so in the belief that they are filing honest and error-free tax returns. Those in the lesbian, gay, bisexual and transgender community...
Are you waving a red flag at the IRS?
Many people go their entire lives without being audited by the Internal Revenue Service. And yet, if you are in the one percent group that receives a letter from the IRS, the prospect of facing an IRS tax auditor can be a frightening one. A recent news article...
