How $1MM In Offshore Funds Can Cost You Over $4MM in Taxes
Having undeclared funds in offshore bank accounts is one of the easiest ways to ensure an IRS headache. As Jim Rome once educated daredevil Evel Knievel, [...]
IRS Offers Streamlined Processing for Certain 501(c)(4)s
The IRS just announced that if you've had a 501(c)(4) application languishing for more than 120 days, then they will allow you to be able [...]
Will Prop 13 Lead to a Detroit-Like Bankruptcy for CA Cities?
Recently on MSNBC's Morning Joe, former Obama Economic advisor Steven Rattner declared that the slew of municipal bankruptcy filings were simply the result of California's [...]
Effect of Prop 8 and DOMA Rulings Minimal
I have been asked for my opinion on the Supreme Court Prop 8 and DOMA rulings, both in terms of the outcome and the effect [...]
On-Call Can Mean Pay Up: Mendiola v. CPS Security Solutions, Inc.
Paying someone to do nothing is a tough pill for an employer to swallow. However, that is exactly what employers must do if they control [...]
IRS Inspector General Confirms Improper Access of Political Donors’ Tax Records
From Accounting Today:Sen. Chuck Grassley, R-Iowa, the former chairman of the Senate Finance Committee, is looking into findings from the Treasury Inspector General for Tax [...]