There are always issues that accompany the decision to file for bankruptcy such as tax consequences. The debtor must try to satisfy not just the creditors, but often federal and/or state tax collectors.
Did you know that a 2020 California FTB guideline states “if you are impacted by the COVID-19 pandemic, it is one of the factors we will consider as we apply the general rules for residency and income sourcing?”
Have you heard about ‘‘qualified small business stock,’’ or QSBS for short, and is found in Section 1202 of the Internal Revenue Code? It allows taxpayers to exclude gain from certain stock.
Are you a business owner with California State Tax debt? Here are some tips when the FTB comes knocking.
Do you currently have an offer in compromise deal with the IRS or are you deep in tax debt and want to see if you can qualify for one?
Here are some of the California FTB penalties to look out for and resources that could help you avoid them.
Are you a business owner looking for a tax-debt vaccination? Brotman Law can fix you up.
Under the Consolidated Appropriations Act of 2021, the paycheck protection program and employee retention tax credit were expanded. Find out if this benefits to you.
Learn about the framework of processes put in place for individuals who owe a tax debt to the IRS during COVID-19.
It may be hard to believe, but in state and federal criminal tax law cases, the victim is our government.
Did you know some tax deductions can be claimed on the Paycheck Protection Plan loans?
Did you know you are required to file a FBAR form if you have overseas accounts? If not, you could be in trouble with the IRS.
