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…
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."…
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…
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…
I have a soft spot for musicians. I am one. It is my "alter ego." Many of my professional colleagues know that I am a musician at heart. An old 70's classic rock guy. But I digress... I am going…
I am writing this article to remind you of the importance of paying over to the IRS taxes that are withheld from your employees' wages. As an officer/owner of your business, you are the first person the IRS will look…
A potential client (we will call him the "Taxpayer") recently handed me a letter from the California Franchise Tax Board (FTB). It struck me that the letter was still unopened. I took the unopened letter back to my office. Naturally,…
Definition A revocable trust is simply a trust that can be revoked by the settlor. A settlor who creates a revocable trust typically retains the power to revoke the trust during his or her lifetime. All revocable trusts are ''living''…