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Does an Irrevocable Trust Owe California Taxes

Does an irrevocable trust owe California taxes?  This is actually a quite complex question.  Generally speaking, California taxes trusts based on "California income."  If the trustees and/or beneficiaries reside in California, then California will tax the proportionate income within the trust based upon the allocated income portion of the trust...

What is an IRS Office Audit in San Diego

What is an IRS office audit in San Diego and should you be concerned? The standard IRS audit most of us have heard about is known as a “correspondence” audit.  This means the audit takes place at a distance (phone, mail, e-mail, etc.) between the taxpayer, their legal representative and...