On: October 7, 2020
It is never an easy situation when you cannot pay outstanding tax liabilities. This problem has become even more significant for many taxpayers because of the adverse economic consequences caused by COVID-19. The need to settle outstanding tax liabilities can apply to state tax liabilities, as well as Federal tax liabilities. What actions can taxpayers […]
When you have a dispute with your state over an amount of state tax liability that you owe, it is known as a state tax controversy matter. State tax controversy matters in each state are subject to specific procedures. In many states, these procedures for state tax controversy matters have been revised because of COVID-19. […]
To help taxpayers with the negative economic consequences caused by COVID-19, Congress and President Trump have agreed on certain tax legislation, including the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020. Net operating loss provisions can enable businesses to better utilize losses for tax purposes, by […]
In response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was approved by Congress and then signed into law on March 27, 2020 by President Trump. The CARES Act offers various tax benefits to business taxpayers to help them better respond to the adverse economic impact caused by […]
It is never an easy situation when the Internal Revenue Service contends you owe a tax liability, but you believe that there is nothing due. Such tax controversy matters are generally governed by specific procedures. As is the case for many issues, because of COVID-19, there are currently many revised procedures to respond to tax […]
One of the worst feelings when opening your mail is to receive an Internal Revenue Service collection notice. The pressure in responding to an IRS collection notice has only increased for many taxpayers because of the adverse economic conditions caused by COVID-19. What should you do if you are receiving collection notices from the IRS, […]
On: August 7, 2020
If you fail to pay your taxes, avoid paying them, or make a long-term mistake on your tax filings, the IRS can demand payment. In some cases, the IRS will respond with action like tax liens or wage garnishments, and other times they will initiate “levies.” The are several kinds of IRS levies, one of […]
On: July 31, 2020
The California Department of Tax and Fee Administration (CDTFA) is like the IRS in its ability to audit your state taxes. The CDTFA typically conducts audits in three-year intervals. There are several reasons that the CDTFA may target you for an audit; these include suspicions about you avoiding sales or use taxes as well as […]
In California, an EDD audit, or an audit from the Employment Development Department, is something that will be unavoidable for any type of business. These audits tend to look more into the employment side of your business and make sure that all the correct taxes are being paid and no workers are getting mistreated. There […]
On: July 24, 2020
California Department of Tax and Fee Administration (CDTFA) was introduced by the Taxpayer Transparency and Fairness Act of 2017, which divided the State Board of Equalization (BOE) into three separate bodies: the BOE, the CDTFA, and the Office of Tax Appeals (OTA). In California, sales taxes are collected by the California Department of Tax and […]