The California State Board of Equalization: What Does it do Today?
Samuel Brotman Blog
by
1y ago
The CA State Board of Equalization (BOE) is a powerful agency with a complex and important role in California's tax system ..read more
Visit website
How to pay less taxes in California in 12 Ways
Samuel Brotman Blog
by
1y ago
Even though the pull of living in the Golden State is strong, it boasts some of the highest tax rates in the country, from sales tax, property tax, income tax and other local taxes. This can leave Californians torn between leaving the state or sucking it up to stay and enjoy everything CA has to offer. But, there is another way. Knowing how to pay less taxes in California could be exactly what you need ..read more
Visit website
California Exit Tax & Wealth Tax: What Is it & How it Applies to You
Samuel Brotman Blog
by
1y ago
California is known for having some of the most significant in-state taxes in the country with a 13.3% annual income tax rate. However, did you know that you might still be taxed even after you leave the state? Yep! Thanks to the Californiaexit tax legislation, depending on how much money you get from in-state activities, such as investments in real estate or business operations, you could still be treated like a Californian on your next tax return! Join us as we walk you through the California wealth and exit tax questions, such as “what is the exit tax in california,” how much it is, who it ..read more
Visit website
California Online Sales Tax: Your Ultimate Guide
Samuel Brotman Blog
by
1y ago
Even though the state-wide base rate for California online sales tax is 7.25%, like with the rest of  California’s complicated tax laws as they relate to online transactions, it's not that simple. There are a few key points that every online business owner should know when it comes to California internet sales tax ..read more
Visit website
How to Pay Off IRS Debt Fast (& What to Do When You Can't!)
Samuel Brotman Blog
by
1y ago
Tax debts can be scary, and knowing how to pay off Internal Revenue Service debt fast challenges many taxpayers ..read more
Visit website
How to Respond to IRS Notice of Deficiency & IRS form 5564 Waiver
Samuel Brotman Blog
by
1y ago
Many taxpayers panic after receiving a notice or letter from the Internal Revenue Service, especially when it involves inconsistent tax returns. While IRS notice of deficiency can cause anxiety for the taxpayer, it also requires a response within 90 days. But taxpayers can challenge the Internal Revenue Service and appeal in court if they disagree with amendments ..read more
Visit website
Payroll Tax vs Income Tax: What's the Difference Between Them?
Samuel Brotman Blog
by
2y ago
America has a complicated tax system, and payroll and income taxes confuse many taxpayers, especially when dealing with revenue agents. While all taxes are not the same, understanding the employment tax difference is significant for employers. But what factors come into play when you evaluate payroll tax vs income tax? Income tax comprises federal, state, and local taxes, while payroll tax includes social security and unemployment taxes ..read more
Visit website
How to Prepare for the California Payroll Tax Auditor to Interview Your Independent Contractors | Brotman Law
Samuel Brotman Blog
by
2y ago
Once you have your files together for each independent contractor or if you have strong evidence that these people are independent contractors, the next phase is preparing your contractors to be contacted and potentially interviewed by the EDD auditor. You need to be careful here, very careful, because you are walking a fine line. However, best practices in California dictate that you should gather about five people that are your best sources for 1099 information and create a reference sheet for the tax auditor to reach out and contact them. The reaction that you are going to get from the tax ..read more
Visit website
What is an IRS Taxpayer Advocate?
Samuel Brotman Blog
by
2y ago
The IRS Taxpayer Advocate helps taxpayers resolve problems with the IRS and also recommends changes to help prevent problems in the future. The Taxpayer Advocate handles those issues when the tax problem is causing significant financial difficulty, when you or your business are facing immediate, adverse threat and when you have tried to contact the IRS repeatedly to no avail ..read more
Visit website
Installment Agreements and the IRS: Settling Your Debt | Brotman Law
Samuel Brotman Blog
by Brotman Law
2y ago
In an ideal world, everyone would be able to pay their taxes in full and on time, but sometimes it just isn’t possible. If difficult circumstances mean that you are coming up short during a tax season, it is probably the source of a lot of stress and anxiety. The instinct to avoid the issue may be strong, but it can cause your problems to multiply exponentially. Interest, penalties, and other severe consequences can begin to build up. The most important thing for anyone struggling with their taxes to know is: the IRS can usually work with you, but only if you work with them, and calling a ta ..read more
Visit website

Follow Samuel Brotman Blog on FeedSpot

Continue with Google
Continue with Apple
OR