Relief From Penalties Due to Partnership’s Late Filing
While it is true that partnerships themselves do not pay federal income taxes, a Form 1065 partnership return is still required to be filed annually [...]
Single Member Limited Partnerships: A Tool to Get Around the CA Gross Receipts Tax
For decades, limited liability companyies (or LLCs) have been the entity of choice for numerous businesses and their owners. In particular, where single owners are involved, the [...]
IRS Releases Fact Sheets on Obamacare
Recently, the IRS released two fact sheets dealing with Obamacare's impact on individuals and on employers. The fact sheet describing the impact on individuals can be [...]
Get Ready For the Big Tax Ballot Initiative in 2016
For years, forces have been working to fix various Proposition 13 loopholes. The most note worthy "loophole" is the "change in control" rule that allows [...]
The 2014 Nexus Symposium-Panel Discussion on California Tax Law
I had a wonderful visit to Orange, California last week where I participated in a panel discussion at the 2014 Nexus Symposium hosted by Chapman [...]
So Your Charity Has Had Its Tax-Exempt Status Revoked?….Now What?
Chances are, if you've formed a 501(c)(3) charity and let its operations fall by the wayside your tax-exempt status has been revoked by the IRS. It [...]