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Individual Taxes
When Can You Begin Filing Taxes in 2018 in California?
2018 is practically upon us, and even though the deadline to file your tax returns for the 2017 tax year isn’t until Tuesday, April 17,...
Daniel Rodriguez
Jul 27, 20223 min read
As Tax Day 2017 Approaches, More than $1 Billion in Unclaimed Tax Refunds Is About to Expire
Few Californians look forward to Tax Day. However, the reputation of Tax Day as a day of financial reckoning is perhaps undeserved. While...
Daniel Rodriguez
Jul 27, 20223 min read
The 2017 Tax Filing Season Is Open in California
The last few days of 2016, many Californians enjoyed spending quality time with family, friends, and other loved ones. However, while...
Daniel Rodriguez
Jul 27, 20223 min read
What Is the IRS Wealth Squad? Why Should High Asset Taxpayers Worry?
In a previous blog post we discussed whether high-income and high-asset individuals really face a greater audit risk than taxpayers of...
Daniel Rodriguez
Jul 27, 20223 min read
What Are the Risks if I Haven’t Filed Taxes in Years in California?
For an array of reasons, some taxpayers have not filed taxes in years. Motivations for this approach to taxes vary, but some taxpayers...
Daniel Rodriguez
Jul 27, 20223 min read
What Happens if I Skip Tax Day or Haven’t Filed Taxes in Years in California?
Taxpayers are reluctant to file and pay taxes for a variety of reasons. Some taxpayers may believe that they do not earn enough to have...
Daniel Rodriguez
Jul 27, 20223 min read
Do Both Spouses Need to File an FBAR when Filing a Joint Tax Return in California?
With marriage come an array of benefits and burdens. When individuals file taxes, those who are married may be able to experience the...
Daniel Rodriguez
Jul 27, 20223 min read
Wall Street Journal Warns California Taxpayers and Investors About Hiding Asset and Income in Offsho
For investors, entrepreneurs, and other business-minded individuals the Wall Street Journal is the gold standard for business and...
Daniel Rodriguez
Jul 27, 20224 min read
What Happens if You Missed the Tax Deadline in California?
Many taxpayers are highly conscientious regarding tax deadlines and ensuring that all obligations are squared away in a timely manner....
Daniel Rodriguez
Jul 27, 20223 min read
IRS Announces that Some Income Tax Refunds Won’t Go out Until February 15, 2017
For many taxpayers, the new year is a signal that they should start preparing their tax filings so that they can be submitted as early as...
Daniel Rodriguez
Jul 27, 20223 min read
Can a Renter Claim Property Tax Credits or Deductions in California?
While millions of people call California home, high demand for real estate along with a high cost of living result in many...
Daniel Rodriguez
Jul 27, 20223 min read
File IRS Form 4868 for an Extension of Time to File Taxes? The Extended Tax Deadline Has Nearly Arri
Many taxpayers are not quite ready to file their taxes when the tax filing deadline arrives. In fact, there are many reasons why a...
Daniel Rodriguez
Jul 27, 20223 min read
In Response to Obergefell and Windsor, IRS Redefines Final Rule to Include Same-Sex Couples
Same-sex couples in the United States have faced numerous obstacles and challenges raised by traditionalists. While the exact level of...
Daniel Rodriguez
Jul 27, 20223 min read
Did You Claim the California Earned Income Tax Credit (Cal EITC) on Your Tax Return?
In California and throughout the United States, few, if any, taxpayers actually enjoy paying taxes. However, the duty to file...
Daniel Rodriguez
Jul 27, 20224 min read
ITIN Expiration Update: Guidance for Individual Taxpayers Identification Number Renewals in 2017 an
On this blog, we have previously addressed some of the changes introduced by the Protecting Americans from Tax Hikes Act of 2015 (PATH...
Daniel Rodriguez
Jul 27, 20223 min read
Living or Working Abroad? Considering Claiming the Foreign Earned Income Tax Exclusion (FEIE)?
Many American taxpayers living abroad or running foreign businesses are well-aware of the problematic system in which citizenship-based...
Daniel Rodriguez
Jul 27, 20223 min read
Concerned About IRA Rollover Mistakes? New IRS Rule May Offer Tax Penalty Relief
Decades in the past, individuals did not necessarily have to fret over retirement as Social Security benefits and pensions earned over...
Daniel Rodriguez
Jul 27, 20223 min read
I Missed the 2016 FBAR Filing Deadline – Now What?
Filing FBAR and other disclosures of offshore accounts is simply an obligation that many Americans and American expats have become...
Daniel Rodriguez
Jul 27, 20223 min read
FATCA Compliance Delayed in the Cayman Islands, but Reporting Is Coming
Few laws have had the global impact that Foreign Account Tax Compliance Act have had. FATCA ushered in a new global banking regime where...
Daniel Rodriguez
Jul 27, 20223 min read
Cancelled or Forgiven Debt in California? The IRS May Consider It Income and You May Owe Taxes
If you’ve fallen significantly behind on your debts, you may engage in negotiation with creditors to reduce or eliminate certain parts of...
Daniel Rodriguez
Jul 27, 20223 min read
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