Well, the title of the article on the front page of the May 24, 2018 Business Section of the LA Times was "IRS targets state tax tactic." Here is a link to the article: http://www.latimes.com/politics/la-lb-767-44213-la-fi-treasury-state-local-tax-deduction-20180523-htmlstory.html. So, what is it that…
Public Service Announcement: What are the IRS's options when you can't (full) pay your tax liability? (I apologize for the length of this article - but I felt a comprehensive review of the subject is warranted). I get asked a…
Conversion? "Yes, thank you." One of the definitions in my Webster's New World Dictionary for the word "convert" is: "to change from one religion, doctrine, etc., to another." Wow, but did you know that a California LLC may be "converted"…
Okay - what do you call it when someone wrongfully takes your stuff and doesn't give it back to you, even after you ask for it back? Stealing? Theft? Well, in our civil law, we sometimes refer to that as…
I saw the Allman Brothers Band perform live more than 40 times! Santana ... more than 30 times! If I could have deducted the cost of my travel expenses to all these concerts as a "deductible business expense" just imagine…
Well if you love coffee like I do, I have some good news. In the Thursday 7/13/2017 California Section of the LA Times, under the "Science File," was an article written by Karen Kaplan entitled: "Brewing Up a Longer Life."…
There is a saying that goes something like: "it's not the size of the dog in the fight that counts, but the size of the fight in the dog." Keeping this saying in mind, I would like to talk to…
Well it's your not so lucky day. You've received a letter from the IRS that your corporation has been selected for an examination. You call the designated IRS representative to discuss the letter and possibly to schedule a date for…
A (not really) long time ago, in a galaxy (not really) that far away ... cut! Cut! Cut! Okay, I was going for effect, but I think I am exaggerating a little bit. You see, this case settled and the…
I know this wonderful young man. A delightful guy. A great son, son-in-law, husband, and father to four wonderful and well-behaved children. I will call him Fred. Fred came to me one day with a letter from the IRS letting Fred…