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Famous Cybersecurity Entrepreneur John McAfee Indicted on Federal-Tax Evasion Charges In a recent statement, the U.S. Justice Department announced that John McAfee, cybersecurity executive and millionaire, has been indicted on federal-tax evasion charges. According to...

How Wealthy Americans Avoid Paying Taxes According to the Internal Revenue Service, tax lawyers, and independent researchers alike, rich Americans are the biggest source of underreported income. The National Tax Journal reports that Americans in the top 1% are...

Work at Home Tax Breaks Still Exist, But Beware of Audits Nobody wants to find themselves in need of tax-audit help, but with the recent coronavirus pandemic and its effect on how and where people work, tax problems have become more common. In certain cases, people...

Joe Biden's 2020 tax plan: The key points Biden says the tax code should be more progressive and equitable Trump says Biden's tax plan will cause the market to crash President Trump says if presumptive Democratic nominee Joe Biden wins the presidential election, Biden...

If you have been contacted recently with regard to a tax audit or are representing taxpayers undergoing an audit, you will be interested to know that the Internal Revenue Service is pursuing every possible avenue to make things easier for both taxpayers and tax...

Americans, who have been severely impacted by the pandemic, are very likely getting a second stimulus check, according to Treasury Secretary Steven Mnuchin’s announcement of July 24 on CNBC. Although Democrats want to add people who were excluded from the first round,...

It has been noticed by more than one tax attorney that celebrities sometimes find themselves underwater with debt and unpaid back taxes. Of course, tax problems can pop up for virtually anyone, but, for actress Tori Spelling, they seem to come with alarming frequency....

In the past, our tax attorneys informed clients of the extended filing date for U.S. taxpayers. Because of the Coronavirus crisis, the deadline, normally April 15, was extended to that same day in July. However, if you have consulted a tax attorney recently, you may...

Our tax attorneys have been following the numerous changes taking place in the American workforce during the Covid-19 crisis. For example, social distancing and other safety orders have forced certain businesses to allow employees to work remotely from home or another...

Second Round Stimulus Check Predictions from Goldman Sachs Our tax attorneys have learned that strategist for Goldman Sachs Jan Hatzius has predicted that one more round of stimulus payments may be going out to American households in 2020. He was referring to the...

Americans overwhelmed with the fallout of the coronavirus pandemic were given some light at the end of the tunnel due to the promise of economic stimulus payments. According to our tax attorneys, these payments were part of a $2 trillion Covid-19 aid package, which...

New Measures for San Francisco Businesses May Offset Financial Losses from Coronavirus Most tax attorney in San Francisco would agree that businesses are experiencing financial losses due to the impact of coronavirus. However, for San Francisco business owners, there...

Bloomberg Tax Plan Seeks to Undo Trump’s Tax Breaks for Corporations Our tax attorneys have been following a developing story concerning presidential candidate Mike Bloomberg. The billionaire has recently unveiled a tax plan that would undo President Donald Trump’s...

Avoiding IRS Audits Just Made Easier by Congress Every year, Congress members promise better funding for the IRS so it can serve taxpayers more efficiently, which benefits everyone. However, our tax attorneys have found that people believe Congress has once again...

On January 15, 2020, William Highberger, a Los Angeles Superior Court judge, ruled that truck drivers are exempt from California’s new gig-work law, as federal law preempts the new legislation. This first court decision on the validity of the law, AB5, affects...

It’s a fact that Will Smith was involved in one of his biggest fights ever just before becoming the leading man on the popular TV series “Fresh Prince of Bel-Air.” However, it seems that the fight was with the Internal Revenue Service. Smith’s Rise to Fame and the...

Most of us realize that paying our taxes is a part of our duty and something that we cannot avoid. Unfortunately, for some of the rich and famous trying to avoid dealing with the IRS has come with significant consequences. Below are five of the famous faces that have...

Important Tax Filing Information According to our tax attorneys in San Francisco, the IRS released its final version of the new W-4 form for 2020. The form features some essential changes that may impact workers and employers alike. Some Taxpayers Surprised by Low...

Although Tori Spelling is known for growing up in Beverly Hills, she is currently battling financial issues that have been following her for years. Most recently, the reboot of Beverly Hills 90210 "BH90210" that she produced was canceled after one season. BH90210's...

Our tax attorneys in San Francisco have learned that the state of New Jersey is pursuing Uber Technologies, Incorporated for approximately $650 million in disability and unemployment insurance taxes. New Jersey’s Labor Department believes that the rideshare company...

    Still trying to maintain their luxurious lifestyle, reality stars Todd and Julie Chrisley requested to travel to the Cayman Islands for the Thanksgiving holidays. The famous couple is currently embroiled in a fraud and tax evasion case.​   Even...

If you are an employee that travels for work, or an employer that sends your employees on business trips -- making sure that expenses are reimbursed in a way that doesn't create a taxable event is crucial. Anyone who travels for business incurs expenses for lodging,...

Our tax attorneys have learned that financial protections were signed into law last month for Californians who invest in solar energy for their rooftops. The law–AB 1208–was signed by California’s Governor, Gavin Newsom, and prevents homeowners and businesses from...

People move from one state to another for a variety of reasons, including housing costs, employment opportunities and climate. However, our tax attorneys observed a pattern among those planning to relocate, which indicated that taxes play a significant role in the...

After serving eight months behind bars for tax evasion, our tax attorneys have learned that Mike “The Situation” Sorrentino, has been released from a New York prison. He became a free man as of September 12th, 2019, and was reunited with his family that same day....

Our tax attorneys have learned that the mayor of New York City, Bill de Blasio–who is also a 2020 Democratic presidential candidate–has publicly endorsed something referred to as a “robot tax,” as well as the creation of a new government agency to oversee automation....

Our tax attorneys have noticed that several big NBA players may find certain teams more attractive than others if they are looking to boost earnings. However, taxes can take a large chunk of their wages, depending on where they live and play. For example, according to...

The Washington Post reported in August that top White House officials were considering a payroll tax cut as a viable way to prevent an economic decline. However, shortly thereafter in a statement to CNBC, a White House official denied the report. The official stated...

On August 13th, a federal grand jury in Atlanta indicted "Chrisley Knows Best" stars, Todd and Julie Chrisley, on numerous counts of wire fraud, bank fraud, conspiracy, and tax evasion. Peter Tarantino was also indicted on several offenses related to tax fraud....

Our tax attorneys have learned that the Internal Revenue Service–IRS–has now instituted changes, enabling the State Department to revoke passports from American travelers who owe a significant amount of back taxes. This week, the IRS stated that the government can now...

Red meat may be the next item to be hit with a “sin tax,” although the idea is still being debated. Our tax attorneys have learned that targeting meat for such a tax stems from long-term criticism of the industry’s role in animal cruelty, deforestation and climate...

The city of San Francisco is now redrafting a measure that would impose a new tax on companies on the brink of going public. Critics stated that the first draft of the proposal would have taken too much of the local economy along with it, and therefore requires...

The Internal Revenue Service has boasted significant progress against identity theft with regard to tax returns. However, taxpayers’ sensitive data is still under threat due to new tactics being used by cybercriminals. The IRS contacted tax industry professionals and...

Scott Weiland–best known for his role as lead singer in the band, Stone Temple Pilots–died approximately three years ago; however, his estate has apparently failed to settle his tax bill. This has resulted in the IRS and the state of California coming to demand what...

The FIFA Women’s World Cup has now commenced, with spectators across the globe having watched 24 teams compete in 52 total matches across nine host cities, the last of which was held July 7th at Stade de Lyon, where the top-ranked United States Women’s National...

In the future, the IRS may have an avenue through which to measure tax season anxiety among filers. Our tax attorneys heard more about this proposal last Thursday when Nina Olson, National Taxpayer Advocate, submitted a final report on the topic to members of...

A bill has been reintroduced by Senator Elizabeth Warren (D-Mass) that would give same-sex couples who are married the opportunity to file an amended federal tax return reflecting their marital status. If passed, the new legislation would allow such couples to collect...

Business owners searching for ways to offset their tax burden are typically pleased to discover that several money-saving deductions are available. A tax attorney can advise you about both old and new deduction options, such as the following: Car and Truck Expenses...

Jeopardy phenomenon James Holzhauer has finally lost a game on the popular quiz show after 32 straight wins. Holzhauer earned Jeopardy Phenomenon Owes Large Portion of Prize Money to IRSprize money totaling $2,462,216–an amount that is only...

If you have finally familiarized yourself with the Tax Cuts and Jobs Act, with or without the help of a tax attorney, you may be a bit dismayed to learn that another complication is on the way. The Internal Revenue Service is also making...

The 2019 graduating class of Morehouse College in Atlanta, Georgia, received wonderful news recently, when Billionaire Robert F. Smith pledged to pay their student loans off in their entirety to eliminate financial burdens for the graduates in...

As a tax attorney in Oakland, I hear from an ever increasing number of California residents who want to exit the state due to its high-tax status. However, California state and local governments are aware of this issue, and are making it...

California residents in San Francisco and Mountain View may soon be voting on an initial public offering–IPO–tax, also frequently referred to as a “tech tax.” The tax would target a high number of multibillion-dollar tech companies planning to...

Although the Trump Administration has cited many benefits concerning the 2017 tax reform bill, Republicans are now facing anger from families of fallen service members due to the financially negative consequences they have experienced as a...

Our tax attorneys understand that there are various reasons why people sometimes fail to file tax returns. In some cases the person may not be able to pay the amount of taxes owed, or he or she may have erroneously believed that filing was not...

One common question I get around this time every year is "when can I expect my tax refund?". As a San Francisco tax attorney, I talk to a lot of people who look forward each year to receiving a tax refund. A lot of folks depend on that money to...

Most people would agree that tax laws change on a regular basis: just when you think you understand the current policies, they are suddenly upended due to the ever-shifting political wind. Some people benefit from these changes, while others...

United States taxpayers who failed to pay a specific percentage of their federal tax bill this season may find themselves owing an underpayment penalty. Fortunately, the Internal Revenue Service has made it somewhat easier on these taxpayers by giving...

Any parent knows that raising children can be a costly venture. However, there are some ways to save money on the expenses that come from having a family. Tax credits and deductions for parents often result in a higher refund or a lower amount...

After allegedly paying bribes in order for their children to get accepted to elite universities, some wealthy parents may be facing harsh penalties from the IRS, according to prosecutors. The allegations were first unveiled on March 12, when...

As a tax attorney in San Francisco, I can tell you from my many years of experience that a substantial amount of people procrastinate when it comes to filing taxes. This is because it may seem like a daunting endeavor to organize tax...

The yearly appearance of the 1040 Booklet always marks the start of yet another tax season. While any tax attorney in San Francisco can help filers with complicated returns or problems with the IRS, it is still important for taxpayers to educate themselves...

Beginning in 2020, a vacant property tax will be billed to certain real estate owners in Oakland, California, as part of their annual property tax bill. In November, Measure W passed with 70% of the vote, and owners of empty lots, or...

Although it is not very far into the 2019 tax season, some tax filers are already discovering that their refunds are less than they were in the past. According to the Internal Revenue Service, refunds dropped approximately 8.7%  throughout the...

Democratic presidential hopeful Elizabeth Warren has outlined an idea for a new tax plan that would target wealthy Americans, specifically those with a net worth of fifty million or more. Warren’s recently created plan would tax the top 75,000...

Although earning a substantial amount of money always raises a person’s chances for an audit, it is not the only reason the IRS may choose to scrutinize your return. Because of the Tax Cuts and Jobs Act, which is now a factor for the first...

Many people are aware that the “marriage penalty” was eliminated under the new Tax Cuts and Jobs Act. However, married couples who are high earners may ultimately end up paying more taxes under the new laws. Married filers with low incomes may...

Many tax filers complete their yearly return online, but a survey released by H&R Block indicated that numerous individuals who do so also participate in other activities at the same time. For example, approximately 50% state that they have watched TV...

Due to the partial government shutdown that went into effect December 22, 2018, our tax attorneys in Oakland have learned that taxpayers who file early this year may have to wait for their refunds. The Wall Street Journal reports that should...

Often referred to as the Queen of Soul, Aretha Franklin passed away in her Detroit home in August, 2018. However, in addition to her outstanding musical legacy, paperwork submitted to the Oakland County Probate Court indicates that she may have...

Colombian singer, Shakira, has been charged by officials in Spain with tax evasion. It is alleged that the pop artist, who is also the founder of the Bare Foot Foundation–a charity to help impoverished children–avoided paying approximately £13m...

In the near future, the state of California may implement a sending surcharge for cellular phone users when texting. Our tax attorneys in Oakland recently learned that the proposal was made by the California Public Utilities Commission–CPUC. A...

Even if you have already earned the majority of your income for 2018, there are still some last-minute ways you can reduce the amount of taxes you owe in the current tax year. Below, our tax attorneys in Oakland have written out some helpful...

The Royal Family may find it necessary to deal with an unusual and uncomfortable tax situation for the next five years until Prince Harry’s new wife, Meghan Markel, now the Duchess of Sussex, ultimately relinquishes her United States...

This past Thursday, a tax court judge ordered actor Wesley Snipes to pay back taxes in spite of his considerable effort to persuade the Internal Revenue Service to believe he does not have the money. Initially, the IRS made an attempt to collect $23.5...

The homeless rate in Oakland, California has increased dramatically over the past decade. City officials and those who work for nonprofit organizations to help the homeless have stated that more affordable housing should be built, but this type...

Senator Elizabeth Warren (D-Mass) recently posted a full decade of her tax returns on her website, spanning the entire time she has held public office. This was done shortly after she called for large-scale anti-corruption laws in the nation's capital....

President Donald Trump has consistently stated there was no wrongdoing on his part regarding his taxes, but experts maintain that if state and federal authorities find him guilty of tax crimes, he could be fined tens of millions of dollars....

For months now, our tax attorneys in San Jose have been monitoring the case of Mike "The Situation" Sorrentino and the allegations of tax evasion that have been brought against him. Last week the Jersey Shore star received a sentence of eight...

In recent years, approximately 75 million households in the United States have ended up with a tax bill of zero, regardless of the state of the economy. However, this is merely the tax code at work, as opposed to millions of households simply...

Congressional auditors have stated that approximately 30 million individuals, which makes up roughly 22 percent of the United States tax paying population, will need additional money to pay their taxes in April, due to too little being withheld...

Many people have likely noticed the numerous warnings coming from the Internal Revenue Service concerning retirees who may be facing an increase in their tax bill next Spring as a result of the new tax laws. The most recent Paycheck Checkup message from...