Tax Treatment for Sexual Harassment Settlements under the Tax Cut and Jobs Act (TCJA) The 2019 tax season has since come and gone and people have generally become comfortable with the new laws; however, an area that has undergone a significant change, but still remains rather obscure is Sec. 162(q...

The New Qualified Opportunity Zone (QOZ)  By now, you have probably become accustomed to the many changes – for better or for worse – that the tax overhaul bill which was passed in late 2017 brought to us taxpayers.  The Tax Cuts and Jobs Act (TCJA) has been credited with bringing many tax ...

New Changes to Bonus Depreciation Most business owners are quite familiar with the incredible tax savings that bonus depreciation allows; however, with the recent updates and changes to the tax code, many individuals remain confused with certain aspects of this section – and rightfully so! ...

The 20% Pass-Through Tax Deduction for Business Owners Tax season is once again looming over all of us. To complicate matters, the Tax Cuts and Jobs Act (TCJA) has established some new sets of rules, which are imperative to understand. In particular, if you happen to be a small business owner,...

E-COMMERCE & CALIFORNIA SALES TAX California Department of Tax and Fee Administration’s Letter The California Department of Tax and Fee Administration (CDFTA), which administers California’s sales tax collection, has recently begun to send out letters to users of the “fulfillment by ...

Collection Due Process Procedure Each year many people face hefty tax obligations. For some, the ability to pay these bills could be impossible due to their income, financial changes, or any number of other reasons. So what happens when the IRS is beating down on your door and demanding immediate...

When Your Tax Problems Were Not Your Fault: Reliance on Tax Professionals & Preparers Most individuals do not comprehend most of the United States’ tax laws, but this is not surprising. Federal and state tax laws are complex, convoluted, and ever-changing. It is no wonder people often seek t...

Strategies for Criminal Tax Investigations Any IRS audit or examination that potentially involves fraud could eventually be investigated by the IRS’s criminal division. These investigations are serious and can involve substantial penalties and jail time. Whether you are being investigated for a...

Airbnb & Taxation In 2008, the phenomenon known as Airbnb was born. Since then, many people have used the service to rent out their property to make some extra money on the side. However, with this rise in popularity comes increased scrutiny from various government agencies. This applies espe...

Bitcoins & Tax Tips Bitcoin is a form of virtual currency a.k.a. cryptocurrency, e-currency, or digital currency that has set the financial world ablaze in recent months. But as with any new and innovative item, cryptocurrencies create questions for everyone’s tax attorney regarding how cry...