It is that time of year again when people start contemplating filing their tax returns and wondering, perhaps how to respond to an Internal Revenue Service audit and avoid penalties, should an audit be requested. If you are facing an audit of your California business taxes and after reviewing your returns see that you did indeed make a few mistakes, should you just file an amended return and skip the audit?
Our Bay Area readers are no doubt aware that the national election is just days away and depending upon who wins the Presidency, there may be changes in personal income tax deductions. If fact, no matter who wins there may be changes to the income tax code. So what are we all to do?
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.