Category Archives: California

Today Is Tax Day

Posted on April 15, 2025 by Russ

Today is April 15th.  Besides being the 14th anniversary of “Black Friday,” it’s Tax Day in the US. If you haven’t filed your returns, file an extension NOW!  That said, if you live in a federal disaster zone it might … Continue reading →

Posted in Arkansas, California, Florida, Georgia, North Carolina, South Carolina, Tax Preparation, Tennessee | Tagged | Comments Off on Today Is Tax Day

California’s FTB Issued Incorrect 1099-G’s

Posted on February 20, 2025 by Russ

This afternoon, California’s Franchise Tax Board (FTB, the state income tax agency) announced that taxpayers may have received incorrect 2024 Form 1099-G’s. The Form 1099-Gs sent by FTB for tax year 2024 may contain incorrect amounts when an estimate transfer … Continue reading →

Posted in California | Tagged | Comments Off on California’s FTB Issued Incorrect 1099-G’s

IRS Extends California Fire Disaster Area Deadlines Until October 15th

Posted on January 10, 2025 by Russ

The IRS announced this afternoon that taxpayers in Los Angeles County impacted by the current wildfires have all tax deadlines extended until October 15th. This includes: Individual and C-Corporation Tax Returns (and payments of tax) due on April 15th; Partnership … Continue reading →

Posted in California | Tagged , | Comments Off on IRS Extends California Fire Disaster Area Deadlines Until October 15th

2025 Tax Foundation’s State Tax Competitiveness: Some New Winners, But the Usual Losers

Posted on October 31, 2024 by Russ

The Tax Foundation released its 2025 State Tax Competitiveness Index (formerly the Business Tax Climate Index).  While taxes aren’t everything in where you situate a business, they’re absolutely an important factor. If I have to pay an extra 10% in … Continue reading →

Posted in Alaska, California, Connecticut, District of Columbia, Florida, Maryland, Montana, Nevada, New Jersey, New York, South Dakota, Wyoming | Comments Off on 2025 Tax Foundation’s State Tax Competitiveness: Some New Winners, But the Usual Losers

Surviving a Residency Audit

Posted on May 7, 2024 by Russ

A few years ago, one of my clients (call him Bob) moved from California to Nevada.  He then had a very large capital gain (but while a Nevada resident).  At the time, I advised him that a residency examination (audit) … Continue reading →

Posted in California, Nevada | Comments Off on Surviving a Residency Audit

Bozo Tax Tip #9: Ignore California!

Posted on April 2, 2024 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

Posted in California, Nevada | Tagged | Comments Off on Bozo Tax Tip #9: Ignore California!

The Train to Nowhere Needs $100 Billion More

Posted on March 18, 2024 by Russ

I haven’t written about California’s bullet train in some time, but the news from the Golden State for the train leads me to conclude it will never be completed.  A news story notes that the train needs $4 to $7 … Continue reading →

Posted in California | Tagged | Comments Off on The Train to Nowhere Needs $100 Billion More

San Diego County Gets Extension Until June 17th

Posted on February 28, 2024 by Russ

Heavy rains and flooding in San Diego caused the area to be declared a federal disaster zone.  The IRS extended all tax deadlines in San Diego County from January 21, 2024 onward until June 17, 2024.  This includes individual, business, … Continue reading →

Posted in California, IRS | Comments Off on San Diego County Gets Extension Until June 17th

What’s $68 Billion and 1.1% Among Friends?

Posted on December 11, 2023 by Russ

As the late Senator Everett Dirksen said, “A billion here, a billion there, and pretty soon you’re talking real money.”  California is staring at a $68 billion budget deficit.  Ouch.  California depends on personal income tax revenues for 65.9% of … Continue reading →

Posted in California | Comments Off on What’s $68 Billion and 1.1% Among Friends?

The Almost-End of the 2023 Tax Season

Posted on November 16, 2023 by Russ

It’s been a while since I posted: family issues, tax deadlines, and paper in every direction has made me concentrate on serving my clients, and not the blog.  I’ll have a recap of the 2023 Tax Season soon, but today … Continue reading →

Posted in California, Florida, IRS, Maine, Massachusetts, South Carolina | Tagged | Comments Off on The Almost-End of the 2023 Tax Season