If you are mired in tax debt, you likely wonder how you can escape from this crushing debt. Fortunately, the IRS has some regulations to allow taxpayers an opportunity to rectify their tax debt. However, several qualifications must first be met. If you or a family member is interested in having your tax debt forgiven, contact an experienced Sacramento tax debt forgiveness attorney. Our firm is dedicated to providing our clients with the legal representation they need in order

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. Regardless of your tax situation, you should be aware of the ramifications of your tax filing decisions well in advance of making them. Having a comprehensive understanding of the finer points of the tax code can prepare you ahead of time so that you are never caught off-guard. Californians who don’t owe money to the government usually won

When faced with an insurmountable amount of tax debt, a taxpayer must find a way to manage their back taxes or be faced with a number of consequences from the IRS. The IRS Fresh Start program is a way for taxpayers to handle their back taxes in a way that does not completely cripple their finances. If you or a family member need help to file for the IRS Fresh Start program, contact an experienced Sacramento tax debt forgiveness attorney. The NewPoint Law Group, LLP can help y

Nonprofit companies are often provided with a large array of tax benefits. However, even with their tax-exempt status, it is important to understand that nonprofit employees are subject to payroll taxes. Failing to calculate payroll taxes for employees at a nonprofit could land the organization in serious trouble with the IRS and other tax agencies. If you need legal assistance to file payroll taxes for your nonprofit in California, you should consult with an experienced Sacr

Cryptocurrencies such as Bitcoin are changing the way that we do business. As an employee or independent contractor, you may even be offered payment in Bitcoin. But how does this impact your tax situation? What can you do to stay in compliance with the Tax Code while being paid in Bitcoin? Unfortunately, most people who report Bitcoin or other cryptocurrencies as income will be audited. Most of these audits start out mild but have the potential to grow into serious, costl

Every year, American citizens in every state, including California, are legally required to submit their tax returns to both state and federal governments. When taxes are due, a time known as tax season, many people become frustrated over the complexities of the American taxpayer system. It can be tempting to just throw your hands up and forget about the whole thing. However, failing to file your tax returns may result in serious penalties. Even so, every year, people in Cali

Estate planning is necessary if a person wishes to distribute their assets in an efficient manner. A trust is a valuable estate planning tool for a person that wishes to provide for another person or entity. Understanding California’s state and federal laws can help when establishing a trust. If you require legal assistance to create a trust in California, you should consult with an experienced California trust administration lawyer as soon as possible. At the NewPoint Law Gr

If you are operating a business in California, the last news you want to receive is that your company is being audited by the Internal Revenue Service (IRS) or another agency. There are several misconceptions that business owners may have about the reason for a tax audit. Understanding the cause of an audit and your rights are important to respond to a tax audit adequately. If you require legal assistance because your business is being subjected to a tax audit, you should con

Owing back taxes to the IRS can be extremely stressful as they have the power to take your property or even refer your case to the Justice Department in extreme cases. However, the IRS is also willing to work with taxpayers to come to an agreement where the taxpayer can pay off their debt under reasonable terms. If you need legal assistance settling your tax debt in California, contact an experienced Roseville debt forgiveness lawyer today. Dealing with a large amount of back

For most people and small businesses, transactions involving real property are often the most substantial transactions that they will experience over the course of their lives. When you sell real estate for less than you paid for it, you might feel embarrassment that discourages you from reporting your loss to the IRS. As a taxpayer, you must disclose all substantial real estate transactions in the appropriate tax filings, even if you lose money on that transaction. However,

Taxes are rarely simple. Many taxpayers turn to tax attorneys and other experts to help them get it right when filing their taxes. Nobody...

We all try our best to meet our tax obligations and stay compliant with state and federal code. However, NewPoint Law Group, LLP recognizes that deadlines may come up too fast or slip your mind. If you are already delinquent on your filing or payment requirements for the IRS or the State of California, you deserve to know the facts. Different avenues are available depending on whether you owe a filing or payment to the state or the federal government. If you missed the Califo

Mergers and acquisitions (M&A) are a common occurrence in California’s business landscape. For these transactions to be successful, it is critical that the parties involved conduct due diligence. The complexity of the mergers and acquisitions landscape in California The business landscape is constantly changing in California, and so are mergers and acquisitions. Important information relating to administrative, legal, financial, and commercial aspects is not always readily av

Running your own business in California takes a lot of work but can be highly rewarding. Learning that the IRS plans to perform an audit of your company is intimidating, but it’s important to know how to prepare. Why do businesses get audited? The Internal Revenue Service announced in 2020 that it was going to start performing more small business tax audits. There are many reasons behind these audits, including misclassification of employees, above-average income, cash-based

Even if you maintain all of your records in the best manner possible for your business in California, there is a chance that you could be audited. Here are a few ways that you can prepare if you receive a notice. Before the meeting When you receive the notice that you’re going to be audited, it’s important to begin gathering documents that have been used to file your taxes. A detail to remember about tax audits is that you might need to show information from the past several

It can be an exciting time if you’ve recently become a new parent in California. In addition to stocking up on diapers, it’s essential to reflect on the future now that you have a child. Focusing on your estate plan will ensure a guardian is chosen and the appropriate beneficiaries are listed. Choosing a guardian for your child Now that you have a child, it’s critical to name a guardian in your will. This person will make all of the important decisions regarding your child’s