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RECENT BLOG POSTS
According to a recent article by Bloomberg Tax, Zappers, also known as an automated sales suppression device or phantom ware are widely used in California restaurants. Results from a limited pilot program in the state determined approximately 20% of the businesses the California Department of Tax...
10/10/2021
The IRS recently awarded new contracts to private collection agencies that assist with collecting certain unpaid taxes due to the IRS. Effective September 23, 2021, taxpayers may be contacted by the following private collection agencies (PCAs):CBEP.O. Box 2217Waterloo, IA 50704800-910-5837Coast P...
10/09/2021
Employment tax fraud and unfiled tax return prosecutions continue to be a top priority for the Internal Revenue Service (IRS) and the US Department of Justice (DOJ).  https://www.justice.gov/opa/pr/queens-business-owner-pleads-guilty-tax-fraud Department of JusticeOffice of Public AffairsQueens B...
09/30/2021
 https://www.justice.gov/opa/pr/indictment-unsealed-against-six-individuals-and-foreign-financial-service-firm-tax-evasion  Department of JusticeOffice of Public Affairs Tuesday, September 28, 2021Indictment Unsealed Against Six Individuals and Foreign Financial Service Firm for Tax Evasion Consp...
09/29/2021
The California Franchise Tax Board has posted a great resource for those affected by wildfires. Filing extensions for individuals and businesses related to tax returns and estimated payments are included. There are instructions about penalty abatements and disaster loss tax deductions as well. An...
09/19/2021
United States Tax Court Donna M. Sutherland (Petitioner) v. Commissioner of Internal Revenue (Respondent)T.C. Memo. 2021-110 Filed September 16, 2021 In a recent case US Tax Court case, a petition by a wife for relief from joint and several liability regarding a federal income tax liability was d...
09/18/2021
Individual taxpayers that filed an extension have until next month to submit their tax return to the IRS. Anyone that has not filed should get their documentation ready and start the tax preparation process ASAP to avoid missing the deadline and incurring penalties and interest. Try not to leave ...
09/05/2021
The US Department of Justice (DOJ) Tax Division announced the sentencing today of a former construction business owner to prison for payroll tax fraud. This is a textbook case of payroll tax evasion. The closing of one business with delinquent payroll tax liabilities followed by the opening of an...
09/01/2021
One of the most common problems that businesses face is payroll tax issues. There are various ways that businesses get into trouble with payroll tax.Failing to deposit payroll taxesEmployers are required to withhold payroll taxes from employee paychecks. Next, the payroll taxes have to be deposit...
08/29/2021
The California Franchise Tax Board (FTB) resumed their collection activity this month related to tax refunds and other government payments. They had been suspended on March 12, 2020 as tax relief to the public during the pandemic.https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/august-2021/offs...
08/28/2021
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