Author Archives: Tim Berry

FTB can penalize you even if you fully pay your taxes

One of the wive’s tales about taxes is that you are due a refund you can file anytime you want. Be careful, that advice might cost you thousands of dollars. California has a law on its books that says if … Continue reading

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Want to tell the FTB you are a resident of Nevada? Its probably not going to work.

Getting enticed by those radio ads promoting Nevada corporations and becoming a Nevada resident so as to save on California taxes?  Its not going to be easy. Below I posted a recent Board of Equalization case where a guy: 1. … Continue reading

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Want to stop an IRS Levy?

If you can’t afford to pay your IRS tax bill, the IRS has a multitude of programs to help you out. One of the most interesting of the IRS programs is something called currently not collectible status.  If the IRS … Continue reading

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Is a Real Estate Agent a Real Estate Professional in the eyes of the IRS?

If you have rental properties you may not get the full use of your tax losses unless you meet the tax code definition of a real estate professional. Its kind of common sense for a real estate agent to think … Continue reading

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Can the IRS take away your Social Security check?

Is social security exempt from an IRS levy or garnishment?  The short answer is no, the IRS is allowed to take away your social security if you fall behind on your payments to the IRS. The rules are laid out … Continue reading

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Fighting a 6672 penalty for employment taxes?

If you were the officer of a company that went belly up there is a good chance the IRS is going to come after you for the missed employment taxes.  Typically the IRS will hit you with something called the … Continue reading

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Taxpayer’s Rights

When it comes to dealing with the IRS, you are in the driver’s seat. Due the to various bouts of Congressional grand standing and political theater, the tax code is riddled with provisions that help out individuals. Hit with an … Continue reading

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Franchise Tax Board Mission Creep

Been hiding out from the Franchise Tax Board or IRS? A few months back I posted about the FTB’s FIRM (Financial Institutions Records Match) program to track where you had your checking account.  Well, the program just expanded. Assembly Bill … Continue reading

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FTB Notices about missed installment payments

Do you have an installment plan with the franchise tax board?  If so you and 15,999 other people with installment agreements experienced a slight glitch with your December payment. Ironically the exact same thing happened last December as well. The … Continue reading

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Can you make the IRS pay your legal fees?

What if you the IRS audits you and you, with the help of your lawyer or attorney, are able to show the IRS you did nothing wrong. Are you now able to go after the IRS for your lawyer fees? … Continue reading

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