Blog

The following is an article from the IRS’ website IRS YouTube Video: Tax Scams: English | ASL IR-2013-84, Oct. 31, 2013 WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly […]

3 years If you have discovered a mistake in a tax returns that has already been filed, you can file an amended return, also known as Form 1040X. The Internal Revenue Service allows you to amend a return if your filing status is incorrect, your income is wrong, or you have incorrectly calculated deductions or […]

You, or someone properly designated as your Power of Attorney, may call the IRS and request  the information they have on you at anytime. This includes account balances, wage and income data going back 10 years, and IRS records of interest and penalties that have accrued on your account while balance dues remain pending. One […]

The Franchise Tax Board (FTB) is the agency responsible for collecting state personal income taxes in California. The revenues FTB collects are placed in the state’s general fund to help pay for items, such as roads, parks, law enforcement, and schools. California’s state income tax system is based on the principle of voluntary compliance. Voluntary […]

It depends on the reason or reasons for the penalties in question. The FTB has a list of 18 pages of different kinds of penalties for various infractions and failure in the filing and paying of your taxes (FTB 1024 – Franchise Tax Board Penalty Reference Chart). Two Examples: Failure to File a Return/Late Filing […]

The following is from the FTB Home page regarding FTB wage garnishment. Wage Garnishment Earnings Withholding Order Why did you garnish my income? What is the garnishment amount? How is a garnishment released? I filed bankruptcy. Does that stop my garnishment? Where can I get more information? Why did you garnish my income? If you […]

Anyone can sue anyone, but the FTB (the California Franchise Tax Board) does not need to in order to collect the amounts due them for sales and use tax and the other tax collections it administers. The FTB has the following collection powers: Liens Levies Wage garnishments Property seizures Increasing security deposits The FTB may […]

California has four state payroll taxes which are administered by the Employment Development Department (EDD). Unemployment Insurance (UI) and Employment Training Tax (ETT), which are employer contributions. State Disability Insurance (SDI) and Personal Income Tax (PIT), which are withheld from employees’ wages. Wages are generally subject to all four payroll taxes. However, some types of […]

This just in! The Supreme Court has made an official ruling as of Thursday, June 21, 2018, that states can now compel retailers to collect sales tax from their customers even if the retailer does not have a physical presence within the state. This decision can have a profound impact on retailers, especially those who […]

It depends on what happened to incur the penalty in question: Penalty Name: Benefit Charge Assessment Penalty Penalty Reason: Failure by a reimbursable employer to pay the cost of Unemployment Insurance (UI) benefits paid to an individual within 30 days from the date of the notice. Penalty Computation/Rate: 10% of the unpaid contributions plus interest. […]