Who are the IRS’s favorite superheroes? The X-Men. The IRS loves to hear from ex-spouses, ex-business partners and ex-employees about taxpayers who may not have fully met their federal tax obligations.

Circular 230 contains rules governing the recognition of attorneys, certified public accountants, enrolled agents, and other persons representing taxpayers before the IRS (“Tax Practitioner”).  One of the most important duties of a practitioner is to provide information to the IRS. Circular 230 § 10.20 provides that a Tax Practitioner must, when lawfully requested by the [...]

With the current state of the world, charities are needed now more than ever. If you are contemplating creating a charity you should consult with a qualified tax attorney or advisor as the world of charities is more complicated than you would think.

In California, both the Secretary of State’s office and the Franchise Tax Board have the authority to suspend a California corporation under certain situations.

The IRS provides a forum for appealing a proposed income tax deficiency known as IRS Appeals, the only level of administrative appeal within the IRS.

Taxpayer seeking the tax benefits of a transaction that the IRS deems to have no economic purpose, aside from reduction of tax liability, will face stiff penalties under the new 2010 Revenue Reconciliation Act.

As a tax attorney in California with tax season right around the corner, business owners and entrepreneurs regularly ask me which expenses can be deducted on their taxes as “business expenses” and which cannot. The basic question of whether an expense is personal or business is answered by the tax code under a three part test. [...]

An IRS private letter ruling (“PLR”) is a ruling by the IRS on a specific tax issue for a specific taxpayer.  A request for a PLR is usually made before a taxpayer takes a certain action.  The main exception to this is when a taxpayer is requesting a late election.  Most taxpayers will never need [...]

Our capitalist system encourages individuals to take risks. Some prove productive; unfortunately, for those that fail, many times the individual is left with tax debt.