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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...
senos77
Jul 27, 20223 min read
IRS Readies Passport Denial and Revocation Procedure in California to Combat Significant Tax Delinqu
American expatriates are all too aware of the various tax difficulties and hurdles that exist. Unfortunately, in recent years,...
senos77
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...
senos77
Jul 27, 20223 min read
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...
senos77
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...
senos77
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...
senos77
Jul 27, 20224 min read
Structuring Transactions Can Lead to Significant Prison Time Above Guidelines when Facing Tax Charge
The Federal Tax Crimes blog recently posted a blog regarding a sentencing proceeding which involved the owner of a wholesale salon supply...
senos77
Jul 27, 20223 min read
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’...
senos77
Jul 27, 20223 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....
senos77
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...
senos77
Jul 27, 20223 min read
Can Californians Face Tax Evasion Charges if They Haven’t Filed Taxes for Years or Decades?
Taxpayers who have not filed taxes in a number of years generally have a sense that they are not in the best legal or financial position....
senos77
Jul 27, 20223 min read
IRS, Coinbase Stipulation to Delay John Doe Summons Hearing May Signal a Change in IRS Tactics
If you have even a passing interest in Bitcoin as a technology or as an investment, it is highly likely that you have already heard about...
senos77
Jul 27, 20223 min read
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...
senos77
Jul 27, 20223 min read
Is a Living Trust Appropriate for a Californian? If I Form One, Do I Still Need a Will?
As most California lawyers and estate planning attorneys would likely state, estate plans are necessary to protect not only your assets...
senos77
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...
senos77
Jul 27, 20223 min read
7 Legal Reasons to Evict a Tenant in California Through an Unlawful Detainer Action
While the overheated real estate market is a problem for some, landlords and property owners in California have a highly profitable...
senos77
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...
senos77
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...
senos77
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...
senos77
Jul 27, 20224 min read
Can I Face Federal Prosecution for State Tax Violations or Crimes in California?
Many taxpayers would understandably be taken aback by the proposition that the federal government could prosecute them for the violation...
senos77
Jul 27, 20223 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...
senos77
Jul 27, 20223 min read
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,...
senos77
Jul 27, 20223 min read
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...
senos77
Jul 27, 20223 min read
IRS Issues Final Rule for Disguised Property Sales for Partnerships
The partnership is an effective and efficient method of organization for many businesses including professionals. However, special tax...
senos77
Jul 27, 20223 min read
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