Tax season is here, and it’s important to know when everything is due. For both federal taxes (IRS) and California state taxes (Franchise Tax Board), the deadline is Tuesday, April 15, 2025. This day is known as Tax Day. This […]
In the United States, corporations must file specific tax forms that detail their financial activity throughout the fiscal year. The Internal Revenue Service (IRS) uses these forms to assess and collect the appropriate taxes. Two of the primary forms used […]
The Internal Revenue Service (IRS) is currently experiencing a challenging period filled with publicly discussed issues such as significant job reductions during this tax season. Despite these hurdles, those who filed their taxes early are still receiving their refunds. Bank […]
Recent headlines have sparked alarm with news that as many as 15,000 Internal Revenue Service (IRS) employees could face layoffs. This significant reduction in the workforce could potentially create an environment ripe for tax evasion, turning it into what some […]
Several lawsuits have been filed against DOGE, and some of these have temporarily stopped its access to data. Elon Musk’s newly formed Department of Government Efficiency (DOGE) is actively seeking access to a critical Internal Revenue Service (IRS) system that […]
The IRS officially started accepting income tax returns on January 27, 2025, signaling the beginning of the tax filing season. Many people dread the process of completing their taxes, but a significant number of Americans look forward to receiving their […]
In less than a week, Southern California has witnessed the outbreak of four major wildfires, collectively engulfing over 62 square miles of land, which is approximately three times the size of Manhattan. These wildfires have primarily concentrated around the Eaton […]
California’s film industry has faced challenges due to labor issues and disruptions. To address this, Governor Gavin Newsom announced a plan to increase the state’s film tax incentive program to $750 million annually. This proposal, if approved, would more than […]
The Internal Revenue Service (IRS) has announced a significant crackdown on high-income earners who have neglected to file their federal income tax returns. This initiative aims to address over 125,000 instances of non-compliance identified since 2017. The IRS’s efforts underscore […]
The Internal Revenue Service (IRS) is embarking on a significant recruitment drive, aiming to onboard thousands of new auditors. This move is strategically designed to clamp down on tax evasion among the affluent. However, the implications of this initiative extend […]