Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
At the end of 2010 when the Federal government passed the extension of the Bush tax cuts they also made a change to the life-time gift tax exclusion along with the changes to the estate tax exclusion. ...
See Full GuideSo you have back tax returns that you have not filed - what should you do? If you do not file your tax return it is a crime. If you file your tax return and do not pay it is not a crime. Therefore, eve...
See Full GuideThe Internal Revenue Service has begun a new audit process that is entitled the Taxpayer Rearch Project (TRP) audits. What exactly is this type of audit and why should we be concerned about it? This i...
See Full GuideMany people do not realize, but the IRS website is a very useful tool. The site is located at www.IRS.gov. The site contains all of the forms that the IRS produces and many of them can be completed onl...
See Full GuideWhen you have cancellation of debt income (COD) there are several exceptions that you can use to avoid being taxed on the income. Cancellation of debt income occurs when you have a debt that is settled...
See Full GuideIn late 2009, the California Legislature enacted strict new use tax registration and reporting requirements for California "qualified purchasers." This was enacted under Revenue and Taxation Code Secti...
See Full GuideThe rules for 1099 reporting are changing in 2011 and this will have an effect on Rental Property Owners. As a landlord in 2011 you must obtain the name, Federal Tax Identification Number (or Social Se...
See Full GuideU.S. taxpayers are required to report their world wide income in accordance with the Internal Revenue Code. That includes income from both U.S. and foreign sources. Additionally, taxpayers that have an...
See Full GuideThe IRS wants you to help your employees increase their take-home pay at no cost to you! The IRS states: "Please help us alert your employees about a valuable tax credit that could put up to $5,600 ...
See Full GuideIf you find that you have filed a tax return and it has a material error what should you do? The short answer is that you will need to file an amended tax return. For an individual this is accomplished...
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