What happens when a small business owner is accused of tax fraud?
Those who open their own business likely know that they must be more than fluent with the service or product they intend to provide—they...
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Daniel Rodriguez
- Feb 13
Reasons for audits
Although the Internal Revenue Service might send an audit letter to a California resident’s home, that does not necessarily mean the...
Daniel Rodriguez
- Jan 19
Tax agencies tackling backlogs and stepping up enforcement
Complying with tax laws is a complicated task, and errors can be made. Due to slowdowns and disruptions in processing tax returns in...
Daniel Rodriguez
- Nov 22, 2022
What you need to know about an IRS field audit
The IRS conducts tax audits in California and all around the United States. On average, the IRS audits four out of every 1000 taxpayers....
Daniel Rodriguez
- Nov 8, 2022
How to prepare your company for a tax audit
The Inflation Protection Act has set aside a whopping 45.6 billion dollars to hire a slew of new IRS agents. How will this affect...
Daniel Rodriguez
- Jul 27, 2022
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, 2022
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, 2022
For How Many Years Can the IRS Audit My Taxes in California?
When taxpayers begin to suspect that they may have made simple or complex tax errors on past tax returns, one of the first things they...
Daniel Rodriguez
- Jul 27, 2022
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, 2022
Are Wealthy Individuals More Likely to Be Audited?
At NewPoint Law Group, LLP, we recognize that there are often significant misconceptions about the tax system and the tax agencies’...
Daniel Rodriguez
- Jul 27, 2022
3 Easy Steps to Approach an Unexpected Letter from the IRS Following Tax Day in California
For weeks you stressed over getting your income tax and report of foreign accounts in order. You spent time tracking down W-2s, various...
Daniel Rodriguez
- Jul 27, 2022
Considering Going It Alone for an IRS Audit in California? The IRS Can Impose Additional Penalties f
Taxpayers who receive a letter from the IRS are often distressed and anxious about the possibility of having to pay additional taxes,...
Daniel Rodriguez
- Jul 27, 2022
California Franchise Tax Board’s New Data Gathering Technologies Means Risk of Fraud Detection Is Gr
In California, the state income tax obligation is administered by the California Franchise Tax Board (FTB). Essentially, the California...
Daniel Rodriguez
- Jul 27, 2022
After FATCA & Offshore Account Crackdown, IRS Turns Its Focus to Bitcoin and Coinbase Users
For taxpayers holding significant investments and offshore accounts, it is no secret that the IRS and U.S. government have...
Daniel Rodriguez
- Jul 27, 2022
IRS to Pursue High-Income Tax Non-Filers Following TIGTA Report
Most people probably assume that wealthy individuals are priority number one on the IRS’s radar. There is some truth to this...
Daniel Rodriguez
- Jul 27, 2022
What California Tax Agencies Can Audit a Taxpayer and Their Business?
Most taxpayers are highly aware that an audit launched by the IRS can begin a painful process where your finances and tax compliance are...
Daniel Rodriguez
- Jul 27, 2022
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, 2022
Three Key Steps to Take if You’ve Been Contacted for an IRS Audit
You’ve been contacted by the IRS through letter or notice. While you hoped that the notice would state that the IRS had taken some action...
Daniel Rodriguez
- Jul 27, 2022
Letters From the IRS: What Should I Do Now?
You filed your taxes on time and didn’t expect to face any issues. In fact, you were looking forward to putting them out of your mind...
Daniel Rodriguez
- Jul 27, 2022
If I Face an IRS Audit in California, for How Many Years Can I Be Held Responsible?
For many Americans, filing taxes is both a matter of duty and a function of fearing the consequences of what will happen should he or she...
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