I received a phone call from someone claiming to be a tax representative from the IRS, threatening legal action for back taxes and demanding immediate payment. The caller provided an IRM number and a phone number from Seattle, WA, and warned against discussing the matter with anyone. I feel this might be a scam. What should I do?

October 19th, 2023

My client has a California LLC taxed as a partnership. The only members are himself (80%) and his girlfriend (20%). They own rental properties and are both actively working in the business. In 2011, he paid the premiums for their individual health insurance plans and their out-of-pocket medical expenses from the LLC. How can we maximize tax savings for these expenses in 2011, and what strategies can be implemented for 2012 if necessary?

August 17th, 2023

What is the standard approach/process for reviewing a tax return, applicable to all types of returns, not specific to individual or corporate tax returns?

July 1st, 2024

We have formed an LLP. The plane owner will capitalize the LLP with the aircraft. How should the transfer of title from the plane owner to the LLP be handled so sales tax is not charged by the state? Is there a special form to use in this case, as the normal title transfer forms only seem to apply to a situation where the aircraft is sold?

June 30th, 2024

I am about to be audited on Thursday. My accountant did not reconcile my bank accounts, and his profit and loss sheet does not match the tax return. He also did not file my taxes for October's extension. I am worried and don't know what to do. Can you advise me on what your opinion is?

February 1st, 2023