Navigating EDD Audits: Your Essential Guide
This comprehensive guide provides crucial insights into what triggers an EDD benefit audit, the audit process, associated penalties, and more.
Understanding Innocent Spouse Relief in California: A Tax Attorney’s Guide
Under the IRS Code 6015, there are three main types of tax relief options available. These types are designed to accommodate different situations where one spouse believes they should not be held responsible for tax liabilities due to the actions or inactions of their spouse or ex-spouse.
Tax Relief for American Families and Workers Act of 2024
An interesting provision including in The Tax Relief for American Families and Workers Act of 2024 bill would allow taxpayers to elect to apply the 100% bonus depreciation to prior years.
2021 Tax Deadline Extension
The Internal Revenue Service announced on March 17 that they would extend the 2021 federal tax return filing and payment deadlines from April 15 to May 17. This ruling was…
Corporate Transparency Act
On January 1, 2021, the Corporate Transparency Act was passed by Congress. The Corporate Transparency Act allows the government to close off a major avenue for money laundering in the…
What to Know About the Estate Tax Plans Under the Biden Administration
With power transferring to the new Biden administration, taxpayers in the United States are likely to see many changes in the coming months. Biden’s tax plan included proposed changes to…
Comparing The Biden and Trump Tax Plan: How it Affects Businesses
While initial presidential debates leading up to the 2020 election contained brief discussions centered around both Trump and Biden’s tax plans, both the candidates and the moderators were focused on…
Comparing The Biden and Trump Tax Plan: How it Affects Individuals
In what seems to have been the most contentious election season to date, it appears there were more issues and policies to discuss than our candidates had time for and…
Real Estate Tax Planning
Real estate ownership and investment is one of the most heavily favored activities for US tax purposes. Here at Evolution Tax and Legal, our team has worked with some of…
Series 202: Types of Entities and How They Are Taxed
There are various types of entities through which businesses operate. These generally consist of corporations, general and limited partnerships, and LLCs. Each type of entity has its own specific operating…