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A life estate may be an effective estate planning tool when the goals are to preserve a home for elderly parent(s) for Medi-Cal planning...

The reason most people use revocable living trusts is to avoid probate. However, if the trust is not properly funded, a probate may be...

When purchasing a home, married couples and domestic partners need to decide how they wish to hold title on their deeds. In 2001, the...

Failing to file an FBAR carries a steep penalty—$10,000 per account per year in most instances, or the greater of $100,000 or 50% of the...

Many people interpret the statute of limitations on the assessment of tax as the statute of limitations for an audit. However, there is...

A married couple buys their first house, and perhaps over the years, bigger houses with all the trimmings suitable for raising a family....

The IRS recently announced the Early Interaction Initiative (EII) in attempts to prevent payroll tax delinquencies before they start....

In general, the IRS has ten years to collect any unpaid tax, with the ten-year period commencing from the date that tax is assessed. For...

Most accounts, i.e., savings, checking, brokerage, etc., authorize the designation of one or more payable on death beneficiaries. This...

Many business entities in California are formed with the expectation of generating a profit, but things do not necessarily go as planned....

If you owe back taxes to the Internal Revenue Service (IRS), you will want to do everything that you can to eliminate that debt as soon...

Developing an estate plan can feel strange as you must determine what property you want to pass on to others when your time comes....

The years 2020 and 2021 were very unusual, to say the least. Because of the COVID-19 pandemic, many Americans lost their jobs. Many...

Every American citizen is required by law to pay their taxes. The amount of money in taxes you owe will depend on many different factors...

Understanding and complying with state tax requirements is key for any California LLC hoping to avoid stiff penalties. But the...

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...

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. ...

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...

Nonprofit companies are often provided with a large array of tax benefits. However, even with their tax-exempt status, it is important to...

Cryptocurrencies such as Bitcoin are changing the way that we do business. As an employee or independent contractor, you may even be...