Category Archives: California

When the IRS Computer Sends Out Lots of Bad Notices…

Posted on June 7, 2023 by Russ

Almost everyone in California has an extension for filing and paying their taxes until October 16th (a result of the flooding in the state in January).  The IRS certainly know about this: they issued multiple announcements on the extensions.  Thus, … Continue reading →

Posted in California, IRS | Tagged | Comments Off on When the IRS Computer Sends Out Lots of Bad Notices…

Why Were California Returns Extended Again from May to October? (A Theory)

Posted on May 8, 2023 by Russ

Back in January, severe winter storms impacted California.  Much of the state was declared a federal disaster area; these declarations are always county-by-county.  As of today, only two counties in California (both in the northeastern corner of the state) are … Continue reading →

Posted in California, IRS | Tagged | Comments Off on Why Were California Returns Extended Again from May to October? (A Theory)

Why You Use Certified Mail When Mailing Items to Tax Agencies

Posted on April 26, 2023 by Russ

My mother passed away last year (after a long and fruitful life).  I filed her final tax returns–and money was due to both the IRS and California.  I could not use IRS Direct Pay, nor could I have the funds … Continue reading →

Posted in California, IRS | Tagged , | Comments Off on Why You Use Certified Mail When Mailing Items to Tax Agencies

Bozo Tax Tip #4: Procrastinate!

Posted on April 11, 2023 by Russ

Today is April 11th. The tax deadline is just seven days away. What happens if you wake up and it’s April 18, 2023, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what … Continue reading →

Posted in California, Tax Preparation | Tagged | Comments Off on Bozo Tax Tip #4: Procrastinate!

Bozo Tax Tip #9: Nevada Corporations or LLCs

Posted on April 4, 2023 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: Nevada Corporations or LLCs

Today Is the Partnership & S-Corporation Deadline

Posted on March 15, 2023 by Russ

You know what today is, right?  Yes, the Ides of March–and the US tax filing deadline for partnerships and S-Corporations.  If your entity isn’t ready to file, download Form 7004 (the extension request) and mail it using certified mail today.  … Continue reading →

Posted in California, IRS | Tagged | Comments Off on Today Is the Partnership & S-Corporation Deadline

California (Franchise Tax Board) Conforms to Extension to October 16th

Posted on March 3, 2023 by Russ

The Franchise Tax Board announced late yesterday that California is officially conforming to the IRS extension until October 16th for all tax returns due from January 10th through October 15.  Almost all of California is covered by the extension; only … Continue reading →

Posted in California, IRS | Tagged | Comments Off on California (Franchise Tax Board) Conforms to Extension to October 16th

IRS Extends California (and Alabama and Georgia) Disaster Areas to October 16th from May 15th

Posted on February 24, 2023 by Russ

The IRS announced today that most California taxpayers (most of the state is in a disaster zone from flooding in January) now have until October 16th to file any tax returns.  This also means that impacted taxpayers have until October … Continue reading →

Posted in Alabama, California, IRS | Tagged | Comments Off on IRS Extends California (and Alabama and Georgia) Disaster Areas to October 16th from May 15th

California Storm Victims’ Tax Deadline Pushed Back to May 15th

Posted on January 10, 2023 by Russ

The IRS announced today that California storm victims have until May 15th to file any tax returns and make any payments that are due between now and May 14th, including the fourth quarter federal estimated tax payment due January 17th, … Continue reading →

Posted in California | Tagged | Comments Off on California Storm Victims’ Tax Deadline Pushed Back to May 15th

New York, California, and Illinois Lose AGI & Population Per IRS Data

Posted on December 25, 2022 by Russ

The Tax Foundation produced a report showing the overall gain (and loss) of population and taxpayers’ Adjusted Gross Income (AGI) during the second half of 2019 through the first half of 2020.  For the most part, high tax states were … Continue reading →

Posted in California, Florida, Illinois, New York | Comments Off on New York, California, and Illinois Lose AGI & Population Per IRS Data