Tax Advisory

In Marchof this year the Bay Area Air Quality Management District (“Air District”) and the Metropolitan Transportation Commission (“MTC”) approved a program requiring employers with 50 or more [...]

The 2014 filing season opened on January 31 and the IRS’s new Commissioner has emphasized that the agency is focused on making it run smoothly. The agency expects to process more than 140 million [...]

Recently-released statistics from the IRS show a drop in audits among all income groups for fiscal year (FY) 2013 with the overall individual audit coverage rate at its lowest level since FY [...]

The IRS has issued much-anticipated final “repair” regulations that provide guidance on the treatment of costs to acquire, produce or improve tangible property. These regulations take [...]

Last month a new law was signed repealing a $120 million retroactive income tax increase on taxpayers that had excluded 50% of the gain from the sale of qualified small business stock.  The [...]

One of the newest phishing schemes involving the IRS has been a criminal obtaining a taxpayer’s social security number and filing a fraudulent tax return resulting in a large tax refund. They [...]

President Obama recently said that he wants a tax reform/deficit reduction package by August and lawmakers have many proposals to consider. The President has introduced a $3.77 trillion budget [...]

Questions over the operation of the new 3.8 percent Medicare tax on net investment income (the NII Tax) continue to be placed on the IRS’s doorstep as it tries to better explain the [...]

As you have been seeing on the news, the U.S. House of Representatives and U.S. Senate passed a bill, (The American Taxpayer Relief Act of 2012 but commonly referred to as “fiscal cliff [...]

–> Now that the elections are completed, we wanted to share with you where the tax laws currently stand: Proposition 30 The passing of California Proposition 30 will result in an [...]