If you are being audited, it is highly unlikely the audit would be in relation to your most recent tax filing in April of this year. Usually it takes the Internal Revenue Service some time before they take action on a filing. If they do take action, though, you need...
Bay Area Estate And Tax Planning Law Firm
Bay Area Estates and Tax Law Blog
How domicile may be determined for tax purposes
Most people in Northern California like where they live. And what’s not to like about it? Between world class professional sports teams (yes, we’re talking about the Warriors and Sharks), technological development firms, access to world renowned landmarks and...
Providing tax advice for you and your small business
For many small business owners, the line between personal tax obligations and business tax obligations is not always clear. Depending on the type of business structure you choose, your business taxes will be filed with your personal return or may need to be filed...
California taxes: What determines residency?
If you currently live in California but used to live in another state, you may have noticed that taxes tend to be higher here. We get a lot of great services for that money, but paying state taxes can be expensive. So much so, in fact, that some people contemplate a...
Amending an old tax return
There's something official about filing tax returns that makes them seem set in stone. But tax returns are amendable - and not just by the IRS. Just as the IRS can reach out to you to check on certain details or request certain forms, you can also amend your tax...
Options for addressing tax liens
Now that “refund season” has come and gone, taxpayers who did not have the fortune to have an income tax refund check may confront the possibility of owing money to the federal government. Indeed, most people know that the interest and penalties accrue on unpaid...
Failing to file: what happens when you don’t send in your return?
When February turns to March and March turns to April, everyone starts thinking about their taxes. Those months have come and gone this year, but in the build-up to Tax Day, it is understandable for many taxpayers to think "yikes, I wish I could just not file taxes!"...
Need some inspiration to get your tax return filed?
Federal tax returns are due in about a week. If you've been putting off preparing yours, you're certainly not alone. Many Americans wait until the last minute - which has become easier to do with the plethora of e-filing options now available.Still, if digging into...
Millennials often face more complicated taxes than their parents
If you are young and feel completely in the dark about taxes, you are not alone. Each generation struggles to become financially literate once they leave school and enter the workforce. And as time goes on, the U.S. tax code becomes ever longer and more...
Time is running out for collecting unclaimed refunds
The slogan "it's refund season" is not lost on millions of Americans this time of year. The anticipation of a refund from the federal government causes scores of people to file their income tax returns. After all, a tax refund check is arguably the largest...
