Changes Are in Store for FBAR Filing Obligations in 2017
The FBAR (Report of Foreign Bank Accounts) disclosure obligation has existed since the 1970s. However, in the first few decades of the...
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Daniel Rodriguez
- Jul 27, 2022
IRS Announces Many Taxpayers Will Need to Renew ITIN Due to PATH Act Provisions
Many taxpayers are required to have an Individual Taxpayer Identification Number (ITIN). These individuals are likely to be affected by...
Daniel Rodriguez
- Jul 27, 2022
Selling Gaming Accounts in California? The IRS Is Taxing Pokémon Go Accounts
Over the course of the past few weeks, it seems as if one simply cannot avoid encountering news of the Pokémon Go phenomenon. That is, if...
Daniel Rodriguez
- Jul 27, 2022
Do I Qualify for the Streamlined Disclosure Program in California?
The IRS provides voluntary disclosure options for taxpayers who have failed to report their foreign financial assets and pay all tax...
Daniel Rodriguez
- Jul 27, 2022
FBAR Compliance Alert: June 30, 2016, the Filing Deadline Is Quickly Approaching
Offshore accounts are held by many Americans, whether they live at home in California or abroad in the UK, Brazil, China, or Ecuador. For...
Daniel Rodriguez
- Jul 27, 2022
What Penalties Can I Face for a Failure to File FBAR in California?
By now most U.S. taxpayers are aware that the enforcement of offshore disclosure laws is taken seriously. The IRS and U.S. government...
Daniel Rodriguez
- Jul 27, 2022
Understanding & Avoiding the First Six Tax Scams of the IRS’s 2016 Dirty Dozen List
Taxpayers have more than enough to worry about when it comes to complying with their income tax and offshore tax obligations. However,...
Daniel Rodriguez
- Jul 27, 2022
Failed to File a 2012 Tax Return? The Time to Claim Your Refund Is About to Expire
Taxpayers often have a myriad of reasons regarding why they fail to file taxes on time or at all. Some of these reasons are good reasons....
Daniel Rodriguez
- Jul 27, 2022
January 19, 2016 Marked the Start of the Income Tax Filing Season
While some taxpayers wait until the last minute to file, others are extremely prepared and wonder if they can file early. Perhaps they’ve...
Daniel Rodriguez
- Jul 27, 2022
With Tax Day 2016 Quickly Approaching, Have You Filed Your 2015 Taxes?
It seems that the winter months of January and February drag by, with each day lasting longer than the previous. And yet with the...
Daniel Rodriguez
- Jul 27, 2022
Tax Day Can Be a Day of Reckoning for Uber Drivers and Other Contractors
Whether you prefer the term gig economy or sharing economy, the feel-good language can obscure one major shift that the new economy has...
Daniel Rodriguez
- Jul 27, 2022
What Should I do if I Missed the April 18, 2016 Tax Filing Deadline?
You are probably a conscientious person who completes his or her work prior to, or at least by, the deadlines. But, for whatever reason,...
Daniel Rodriguez
- Jul 27, 2022
Last Minute Tax Filing Tips for Taxpayers in Sacramento and Roseville, California
Taxpayers who have failed to file their taxes thus far may have good reasons for doing so. Perhaps they are still waiting on certain tax...
Daniel Rodriguez
- Jul 27, 2022
Understanding & Avoiding the Tax Scams 7 through 12 on the IRS’ 2016 Dirty Dozen List in Califor
In our previous blog post we discussed the first six tax scams. In this post, we will take a brief look at the additional scams...
Daniel Rodriguez
- Jul 27, 2022
Received 1099 Income in California? Don’t Forget It on Your Tax Return
For some taxpayers it may seem that they have an ever-expanding collection of 1099s. 1099 income is simply a fact of life for many...
Daniel Rodriguez
- Jul 27, 2022
IRS Releases “Dirty Dozen” Tax Scams for 2015
In February 2015, the IRS released a list of the top twelve illegal tax scams for which people must watch out. Included on the list are...
Daniel Rodriguez
- Jul 27, 2022
IRS Statute of Limitations on Assessment of Tax in California
Many people interpret the statute of limitations on the assessment of tax as the statute of limitations for an audit. However, there is...
Daniel Rodriguez
- Jul 27, 2022
What is the Penalty for Filing Taxes Late if You Owe Nothing in CA?
Ensuring that you meet all of the requirements of annual tax filings can be complicated, even if you don’t owe the government any money. ...
Daniel Rodriguez
- Jul 27, 2022
How Common Are Unfiled Tax Returns in California?
Every year, American citizens in every state, including California, are legally required to submit their tax returns to both state and...
Daniel Rodriguez
- Jul 27, 2022
Do You Have to Report Capital Loss on Real Estate to the IRS in California?
For most people and small businesses, transactions involving real property are often the most substantial transactions that they will...
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