The IRS Makes Substantial Changes to the Offer In Compromise Process
Jun 11, 2012
\On May 21, 2012, the IRSannounceda new expansion of its"Fresh Start" program. As part of this expansion, IRS has made a number of substantial changes to the Offer In Compromise (OIC)program. These cha...
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Trying to Leave California? Maybe Not: An Overview of California Residency Rules
May 30, 2012
If you intend to leave California and make another state or country your permanent home,avoidingCalifornia income taxes may be more difficult than you think. Even if you do not live or earn income in C...
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S.B. 459: California's Attack on the Independent Contractor Classification
May 30, 2012
It is not uncommon for business owners to avoid paying taxes and employee benefits (i.e. overtime pay) by hiring independent contractors instead of employees. These business owners are already at risk ...
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What You Should Know If You Have A Foreign Bank Account
May 14, 2012
Currently, the IRSconsidersinternational tax enforcement its top priority. Therefore, if you have a foreign bank account, it is extremely important to be aware of your reporting requirements or else be...
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Voluntary Worker Classification Settlement Program: A Fresh Start for Employers
Apr 04, 2012
As part of itseffort to provide a "Fresh Start"to taxpayers and businesses, the IRS created theVoluntary Classification Settlement Program (VCSP)to allow employers to voluntarily reclassify their worke...
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The IRS "Fresh Start" Initiative: Expanded to Help Struggling Taxpayers
Apr 04, 2012
Since 2008, the IRS has been adjusting its collections practices to help struggling taxpayers during this difficult financial climate.
Part of these efforts is the "Fresh Start" initiative,announce...
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Unreasonable Expectations: Offer in Compromises and Tax Liens
Apr 04, 2012
While I was watching a YouTube video earlier today, an advertisement forTax Resolution Services("TRS") popped up. This was the first time that I heard of this company so I decided to do a Google search...
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The IRS Reopens the Offshore Voluntary Disclosure Program for 2012
Mar 05, 2012
The IRS has announced that it will reopen its Offshore Voluntary Disclosure Program (OVDP) for the third time. The purpose of this program is to allow people hiding offshore accounts to come clean to t...
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Does Your Home Office Qualify for a Home Office Deduction?
Mar 05, 2012
If you work from home (a house, condo, apartment or boat), you may be able to claim the home office deduction. If certain requirements are met, this deduction is available to both self-employed individ...
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Offer in Compromise: Don't Get Caught in a Scam
Feb 28, 2012
If you owe taxes to the IRS, the IRS has an amazing program through which you can settle your tax debt for much less you owe. Does this sound too good to be true? For most people it is. Although there ...
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