California’s Employment Development Department (EDD) collects and administers California’s State payroll taxes (consisting of the state income, disability, employment training Read more >>
Blog
Things To Dislike About California’s EDD: Brutal Collection Efforts
Many of my clients know that California’s Employment Development Department has a well-earned reputation for being a hard-nosed tax agency , much worse than the IRS. This agency collects California’s State payroll taxes Read more »
Hey, Congress: Stop Underfunding the IRS!
Recipients of my September Newsletter know it featured me running for elected office on a mock platform of fully funding the IRS. This was the most recent of my many rants against Read more »
Taxes on Inheritances
Bad news: your uncle dies. Good news: he left you money and a house. You’re also a beneficiary on a life insurance policy he had. Bad news: he named you Read more »
Understaffed IRS: Occasionally Good for Clients, Always Bad For US
When the IRS does not have enough people to answer questions, perform audits, or collect the taxes, several things happen. The US Treasury doesn’t collect as much tax revenue as it should. Some people start evading taxes, figuring they can get away with it. Read more »
Which Possessions Will I Lose in Bankruptcy?
Clients often ask whether they can keep a treasured possession, like a 1968 Camaro, out of their bankruptcy? Technically, no. What Can I Keep? When filing bankruptcy, Read more >>
When Is An Offer In Compromise Advisable?
I don’t like offers in compromise as a way to get rid of tax debt. The process is cumbersome, expensive, and arbitrary. There are better ways to deal with tax Read more »
Huge Foreclosure in Los Angeles
Being ultra-rich doesn’t insulate you from the bottom-feeding world of foreclosure and bankruptcy. Just ask Suzan Hughes, the widow of Herbalife’s founder, Mark Hughes. Read more >>
California FTB’s over-reaching definition of “doing business in California”
If it even brushes against California, the state government wants to tax it… Income earned from CA-based clients by Out-of-State Residents One of my clients is a lawyer but he moved Read more »
Tax Liens versus Levies
What’s a tax lien? A tax levy? The short answer: it’s how the IRS forces non-taxpayers to become taxpayers. What’s the difference between them? Liens Explained Ten days after sending Read more »