A successful sale can produce substantial gain – and a substantial tax bill. What you do next can determine how much of that gain you get to keep. For business owners, real estate investors, and…
Key Takeaways: FTB Audits Most FTB audits are conducted through correspondence by issuing written Information Document Requests (IDRs) seeking supporting documentation for items reported on a tax return…
The United States Postal Service has adopted major changes to how postmarks are applied to mail. Because the Internal Revenue Service (“IRS”) and many state tax authorities, including the California…
In a sharp departure from long-standing practice, the Internal Revenue Service (IRS) entered into a formal agreement with the Department of Homeland Security (DHS) to share certain taxpayer information…
The devastating wildfires that swept through Southern California in 2025 (“2025 Wildfires”) left many homeowners and businesses grappling with significant property damage and financial losses. In response…
On June 1, 2022, the Internal Revenue Service (“IRS”) released the first part of its annual “Dirty Dozen” list (the “List”) alerting taxpayers and practitioners of what the IRS considers potentially…
Tom started his tech company, ABC Tech, Inc., a corporation taxed as a C-Corporation, 10 years ago with a $100,000 investment with the goal of taking his company public. Over the years, Tom has brought…
