Nov 23, 2023: Don't Miss Out on End-of-Year Tax Planning
Now that tax season is finally over for 2022 returns, companies have a short window of time to evaluate ways in which they may be able to minimize their tax liabilities for 2023
Aug 18, 2023: IRS ends unannounced revenue officer visits to taxpayers
Jul 24, 2023 — The IRS noted there will still be extremely limited situations where unannounced visits will occur. These rare instances include service of
Aug 18, 2023: The IRS is Coming for your Cryptocurrency
As more people become interested in buying and selling digital assets, the IRS is ramping up its crypto tax enforcement efforts.
Jul 18, 2023: IRS warns Taxpayers of New Mail Scam
The Internal Revenue Service (IRS) warns taxpayers of rising tax refund scams. In recent cases taxpayers have received a cardboard envelope claiming to be sent from the IRS regarding an unclaimed tax refund.
Mar 10, 2023: October 16 disaster extension FAQs
The IRS and FTB have put out numerous press releases relating to the automatic filing extension due to the California storms. This Flash E-mail is meant to clarify, in plain English, the extended deadlines as they stand now.
Mar 7, 2023: IRS and California FTB Filing and Payment Extensions due to recent disaster conditions.
By now we have all heard that the IRS and the State of California have extended the tax filing deadline till October 16th, 2023 in several counties affected by the recent heavy rains. This extension affects all returns, both business and...
Mar 7, 2023: Mail Scam Targets Ventura County Residents
Citizens in Ventura County have reported receiving letters sent through certified mail attempting to collect money on behalf of the Ventura County Sheriff’s Department. The author/suspect identified themselves as “Sheriff Smith Hughes”...
Feb 20, 2023: Why mileage logs matter
To deduct costs related to the business use of a vehicle, one must be sure they meet the standards set out by the IRS (Internal Revenue Service). ...
Feb 20, 2023: Understanding the fine print of the Employee Retention Tax Credit
The pandemic was challenging for both the taxpayer and tax preparer. Many businesses were deemed non-essential and significantly impacted by mandatory shutdowns or other pandemic-related factors....
Feb 14, 2023: IRS announces certain special payments issued by States will not be federally taxed
On Friday, February 10, 2023 the IRS announced that States who issued special payments in 2022, will not be taxed on these funds this upcoming tax season.