Last week, we wrote that IRS-related tax scams have risen by 400 percent this year. In response to the high rate of scammers claiming to represent the IRS, the real IRS has been trying to educate the public about what the agency's actual protocols are for collecting...
Bay Area Estate And Tax Planning Law Firm
Bay Area Estates and Tax Law Blog
Tales of creative tax deductions (warning: results not typical)
Earlier this month, we wrote about some of the weirder sources of income that all of us are technically supposed to report to the IRS. Naturally, it is frustrating to learn that your tax liabilities could be even higher than they already are (even if most of the...
California’s new ‘transfer on death’ deed: How does it work?
For most of us, there are no satisfactory alternatives to estate planning. It is almost always the best way to ensure that your property and assets go where you want them to, and that your end-of-life wishes are recorded and honored.But estate planning may not seem...
The weird list of income sources the IRS wants you to report
Federal tax returns are due in about two months. If you work a job that takes care of income withholding throughout the year, chances are good that your taxes will not be very complicated. If you are an independent contractor or run your own business, however, filing...
Late pop star’s estate is hailed as a model for others to follow
In January, the world was saddened to hear about the death of pop star David Bowie. Although his celebrity peaked in the 1970s and 80s, he continued to make music up until his death at the age of 69, when he died of cancer.Mr. Bowie will be remembered not just for his...
The basics of federal business taxes: Part II
Earlier this week, we began a discussion about federal taxes that affect businesses and business owners. If you are an entrepreneur who is just starting out, you may not yet be familiar with the various tax requirements associated with your specific business...
The basics of federal business taxes: Part I
If you started your business within the last year, you may feel a little lost heading into tax season. The ways in which businesses are taxed at the state and federal level can be confusing, in part, because various kinds of businesses are all taxed differently.Over...
Is it a business or a hobby? How can you tell?
The internet has had a profound effect on the average person's ability to pursue hobbies, to buy hard-to-find products and to sell their own products. Websites like Etsy have even turned arts and crafts hobbies into successful money-making operations for some...
What’s the best way to get Americans to be honest on their taxes?
Imagine walking down the street, minding your own business, when you suddenly see a "wanted" poster with your face on it. Why are you wanted? What crime have you supposedly committed? Perhaps you had some tax trouble with the Internal Revenue Service, but that...
IRS simplifies deductions on business-related equipment purchases
Owning a small business is no easy endeavor. In addition to the long hours and worries about making ends meet, business owners often find themselves attending to complex matters that are far outside of their comfort zone.A good example is tax obligations. If you are a...
