There is some positive news on the horizon for residents of California who owe state or federal taxes. According to a California Franchise Tax Board attorney, such individuals have until October to file their taxes and pay monies owed, if any. Filing Delay Is Response...
Tax attorneys in San Jose have learned that the Internal Revenue Service has directed millions of taxpayers in California, and 19 other states, who got tax rebates last year to delay their tax filings. The reason given by the IRS was that it needed extra time to...
Last week, lottery officials announced that a single winning Powerball ticket for over $2 billion was sold in Altadena, California. It was the largest ever Powerball lottery jackpot in the United States. Most people probably dream of winning that kind of money, but...
It would not be uncommon to hear tax attorneys in San Jose discussing the fact that 2022 will be the first year many taxpayers find themselves obligated to report transactions completed with cybercurrency to the Internal Revenue Service. The filing deadline of April...
A chaotic tax filing season may be on the horizon. On Wednesday, in a detailed report given to Congress, the National Taxpayer Advocate indicated that this year’s tax season may face multiple issues. These include setbacks with processing returns and possible refund...
