Why do you need an experienced tax lawyer for a California business tax audit? What are some of the genuine risks during an audit of your business or professional practice? 3 Key Ideas About Why You Need a Tax Lawyer for a California Business Tax Audit It is not in...
The Two Sources of Income Tax Audits in California
There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS. This second form of audit, often referred to as a "Piggy-Back Audit," is one of the...
When Do You Need a Tax Attorney in San Diego?
One of the most important indications of when you need a tax attorney is any dispute with or contact from the IRS or any California tax agency. This is especially true if the matter involves an audit (or questions regarding tax return item(s), the potential for a bank levy or...
An IRS Field Audit in San Diego
What is an IRS Field Audit and why should you be concerned by this? It means the IRS wants to come visit you in your home, or at your office. An IRS Field Audit is as serious an audit as you can face, and the genuine risk is what we...
An IRS Tax Audit Opens the Door for California Tax Agencies
Did you know that an IRS tax audit opens the door for California tax agencies? If you receive a notification from the agency regarding an IRS audit, you have several immediate concerns. Your tax attorney and accounting professional at Allen Barron will provide extensive guidance on what to expect from...
How Does the Senate Tax Bill Affect San Diego Homeowners
How does the Senate tax bill affect San Diego homeowners and those considering purchasing a home in the future? The recent version of the tax reform package passed by the US Senate has local real estate industry representatives, developers and real estate agents quite concerned. This isn't over yet as...
How Proposed Tax Changes Affect Your Business Strategy?
Are you wondering how proposed tax changes affect your business strategy going forward? There are many proposals swirling around Washington these days, and while it is impossible to determine at this point where things will end one thing is certain: your business will need to have a new strategy to...
Are There Strategies to Reduce California Tax on Large Taxable Events?
We are often asked "Are there strategies to reduce California tax on large taxable events such as selling shares of stock or settling a lawsuit?" The central answer to this question may come down to residency at the time of the transaction. The nominal tax rate in California is one...
Your Risk of a California Tax Audit May Be Higher than an IRS Audit
It may surprise many Californians to learn your risk of a California tax audit may be higher than an IRS audit. You may have heard in the news the rate of IRS audits is down. While this is true for lower income Americans, the cost of living in California naturally...