These landmark legal cases have set the precedent for today’s multi-state tax regulations which is to say: If you are considered to have nexus within a state, even if you are located outside of that state, having nexus is equivalent to having a branch office within that state.
Read to know the advantages and the disadvantages of filing for a bankruptcy and the meaning of automatic stay.
If you are a U.S. person with a foreign financial account in your name, authority to act on another’s behalf for a foreign account, or a financial interest in a foreign account held in someone else’s name; you may have certain reporting obligations to fulfill in compliance with Federal tax law.
This article discusses the different tests that the EDD uses when making its determination regarding independent contractors vs. W2 employees.
Successful offer in compromises begin at the preparation level by putting together a package that is well-organized and gives the service every opportunity to accept your offer in compromise.
IRS offer in compromises can be returned for a bankruptcy filing, failure to include the entire application fee, missing information, additional liabilities being accrued while the offer is being considered, and many other reasons. This is not the same as a rejection, but can be a costly mistake.
As more people utilize cryptocurrency, its demand and subsequent value has increased. However, making a fortune in virtual currency can also mean a sizable tax bill.
Do you have questions about how IRS offers in compromise work? Brotman Law has created this guide to help you and your business through these challenges.
Learn the differences between federal and California tax authorities so you will have a better understanding of the bureaucracy, how each functions and what you are up against.
To accomplish a section 1031 exchange, there must be an exchange of properties. The property that you sell and the new property you acquire must meet certain requirements.
Since the cannabis industry is a high-impact compliance area, it is highly likely that the IRS will want to conduct the audit in person, especially given the IRS’ interest in the cash portions of the business.
If you are dealing with any kind of issue with the IRS, it’s in your best interest to seek out an experienced legal firm that specializes in taxes — not a CPA.
