News
Is Your Business a Hobby?
Many taxpayers are engaged in businesses that may be classified as a hobby by the Internal Revenue Service (“IRS”). The tax treatment of...
Refund Verification
The Internal Revenue Service (“IRS”) is attempting to pre-verify tax refunds before they are issued. Taxpayers are being notified of this...
Tax Return Filing Delays
It is no secret that taxing authorities are encouraging or requiring taxpayers to participate in electronic filing of their tax returns....
The American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012 was passed by Congress and signed by the President on January 2, 2013. This new tax law impacts...
Important Tax Planning Considerations
As we rapidly approach the end of the year, the time to implement tax planning strategies for 2012 will soon end. The combination of the...
California Prop 30 - Individual Income Tax Rate Increase and Sales Tax Increase
California Proposition 30 was voted into law as a constitutional amendment on November 6, 2012 by California voters. Prop 30...