ARE YOU A CALIFORNIA RESIDENT FOR TAX PURPOSES?
Jan 25, 2018
California determines residency by examining multiple factors and asking various questions that are weighted differently as far as determining residency status. In fact, it is possible to be a residen...
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How to Prepare for United States Tax Court
Jan 23, 2012
This guide summarizes what you will need to do to prepare a case for the United States Tax Court....
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How to Prepare for an IRS Appeal
Jan 17, 2012
You are not happy with the results of your audit and would like to take the next step and request an Appeal with the IRS. This guide discusses how you should prepare for your meeting with the Appeals ...
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Section 529 Plans - How to Avoid the Kiddie Tax
Jan 16, 2012
A great way to avoid the Kiddie tax when gifting money to a child is through the use of a Section 529 plan. It will also turn taxable income into tax-free income while allowing you to maintain control ...
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California Requirements for Independent Contractors
Jan 16, 2012
In California, any business that pays an independent contractor is required to report the existence of a contract by completing EDD Form DE 542, "Report of Independent Contractors", either when a contr...
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California Principal Residence Debt Relief Provisions
Jan 16, 2012
If you are a California resident you may know by now that California does not fully comply with the Federal Government's law with respect to the Mortgage Forgiveness Debt Relief Act of 2007. Under Fede...
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FTB Liens and Short Sales
Jan 16, 2012
The California Franchise Tax Board will need to release its lien against a property that it has liened for taxes in order for a short sale to go through and close escrow. This is because there are typi...
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Real Estate Professionals Granted Extra Time to Make a "Single Activity Election"
Jan 15, 2012
The Internal Revenue Service announced that they will grant extra time to taxpayers that have rental property to make a "Single Activity Election" as provided in the Revenue Procedures. These taxpayers...
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Health Savings Accounts 2012
Jan 15, 2012
Pursuant to the Internal Revenue Code Regulations the limitations for Health Savings Accounts on an annual basis are adjusted for inflation.The HSA Inflation-Adjusted Limitations for 2012 are as fol...
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Saver’s Credit
Jan 15, 2012
The Savers Credit is provided by Internal Revenue Code Section 258, and provides a nonrefundable tax credit for contributions made by an eligible taxpayer to a qualified plan.The credit offsets both...
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