Clear, Manageable Solutions For Tax Problems
People starting businesses in California often form sole proprietorships. This is the simplest business structure possible, and many entrepreneurs default to sole proprietorships until their companies start generating revenue. Once a business becomes profitable,...
An FTB audit notice can create immediate financial exposure. Your first steps can affect the scope of the review and your ability to challenge proposed changes. Step 1: Read the notice and confirm the legal timeline You should identify the tax year under review and...
The Internal Revenue Service (IRS) has made it relatively easy to amend or fix issues with tax returns. Like many other agencies, they provide the requisite forms online and even allow taxpayers, in some cases, to submit their forms online. But this still leaves...
Running a small business is difficult enough without making costly and preventable tax mistakes. The following are the top 4 most common tax mistakes small business owners often make. By avoiding these simple mistakes, you can overcome challenges that spell doom for...
It has been eating at you for some time. You owe thousands of dollars in taxes to the IRS and do not know how to address this situation. Avoidance and procrastination have been the culprits to the issue. But now is the time to take control. Don't be afraid. Know that...
No one takes pleasure in a tax audit. Most people who have been audited will likely tell you they wish they had seen the warning signs ahead of time so they could have been better prepared – or avoided an audit altogether. For an individual taxpayer, the odds of...
Nothing can make your heart start to race quite like a letter from the government. Get a letter from the Internal Revenue Service (IRS) and you may have visions of an impending visit by an agent in a black suit asking to see your financial records. Although an actual...
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