What is the Penalty for Filing Taxes Late if You Owe Nothing in CA?

Ensuring that you meet all of the requirements of annual tax filings can be complicated, even if you don’t owe the government any money.  Regardless of your tax situation, you should be aware of the ramifications of your tax filing decisions well in advance...

Are Property Taxes Deductible from Federal Income Tax in California?

Taxes are rarely simple. Many taxpayers turn to tax attorneys and other experts when filing their taxes to help them get it right. Nobody wants to file inaccurate taxes and possibly be hit with penalties. However, everybody wants to maximize their deductions to...

Is the IRS Going to be Tougher on Tax Evasion This Year (2021)?

The years 2020 and 2021 were very unusual, to say the least. Because of the COVID-19 pandemic, many Americans lost their jobs. Many people made up their lost income with new jobs, unemployment, or public assistance. Tax situations for many people filing in 2021 are...

Tax Filing Tips if You Earn Wages in Bitcoin in California

Cryptocurrencies are all the rage in the financial sector today.  As cryptos such as Bitcoin become more popular, the laws governing financial income and taxes are adjusting to govern them.  Knowing how the government accounts for cryptocurrency income is...

Will You Get Audited in California if You Get Paid in Bitcoin?

Cryptocurrencies such as Bitcoin are changing the way that we do business.  As an employee or independent contractor, you may even be offered payment in Bitcoin.  But how does this impact your tax situation?  What can you do to stay in compliance with...

Do You Qualify for the IRS Fresh Start Program?

When faced with an insurmountable amount of tax debt, a taxpayer must find a way to manage their back taxes or be faced with a number of consequences from the IRS. The IRS Fresh Start program is a way for taxpayers to handle their back taxes in a way that does not...

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