5 Things Every Taxpayer Should Know About Tax Fraud
Tax fraud happens when a person or a business knowingly gives false information to the IRS. The key part is…
IRS Plans Faster Business Audits Starting in 2025
Starting in 2025, the IRS will change how it handles audits for businesses. Right now, the audit process is slow,…
Big Cuts to IRS Make It Easier for the Rich to Dodge Taxes
Under former President Trump, the IRS lost about 25% of its total staff, roughly 26,000 workers. The number of full-time…
Why Getting a Big Tax Refund Isn’t Always a Good Thing
Many people get excited when they receive a tax refund, but what it really means is that they gave the…
Understanding California’s Tax System: A Simplified Guide
California’s tax system can seem complex, but it’s designed to support public services like schools, roads, and emergency services. This…
The Most Common Tax Filing Mistakes (And How to Avoid Them)
Filing taxes can be confusing, and even a small mistake can lead to delays, penalties, or extra stress. Here are…
What You Need to Know When You’re an Independent Contractor and Filing Taxes
Being an independent contractor comes with a unique set of responsibilities, especially when it comes to taxes. Unlike traditional employees,…
IRS Names Third Acting Commissioner in One Week Amid Internal Power Struggle
The Internal Revenue Service (IRS) has a new acting commissioner: Michael Faulkender. He’s the third person to take over the…
What You Need to Know Before Tax Day 2025
Tax season is here, and it’s important to know when everything is due. For both federal taxes (IRS) and California…
Will California Join Other States in Offering Tax Exemptions to Veterans?
For many years, California has debated whether to provide tax exemptions for military retirement income, similar to other states. After…
IRS Tax Forms 1120 and 1120S: A Complete Guide
In the United States, corporations must file specific tax forms that detail their financial activity throughout the fiscal year. The…
The Essential Checklist for Filing Your Nonprofit’s IRS Form 990
Form 990 is an essential tax document that the Internal Revenue Service (IRS) requires nonprofit organizations to file annually. This…