The Trust Fund Recovery Penalty is a penalty that holds certain third parties liable for "trust fund" taxes that the employer failed to withhold and pay over the IRS. The trust fund recovery penalty is equal to the amount of the unpaid trust fund taxes, essentially doubling the … [Read more...]
Sacramento Tax Lawyer Blog Articles
Articles about IRS and California tax law as featured on the Justia Tax Law Blog. Topics covered include tax resolution, tax collection, and audit defense.
CDTFA Notice of Levy
The California Department of Tax and Fee Administration (known as the CDTFA) uses levy notices to seize a taxpayer's money or right to money held by the taxpayer or a third party when the taxpayer has not resolved their outstanding tax liability. In most cases, levies are served … [Read more...]
The Statute of Limitations on Deficiency Assessments
As a general rule, the time period within which assessments may be made is three years from the date that the return was filed. If a return was filed early, this time period is reckoned from the due date of the return, not the date that the return was actually … [Read more...]
When Can the Statute of Limitations be Tolled for Assessments?
The statute of limitations prescribes the time period within which a case may be brought on a cause of action. For assessments, the general rule is that assessments may only be brought within three years, subject to certain exceptions, after a return is filed or after the due … [Read more...]
CDTFA Liquor Store Audits
Proprietors of liquor stores that sell beer and wine are frequently audited by the CDTFA for sales and use tax violations. In general, liquor stores, like gas stations, are cash-intensive retail businesses that are obligated to collect sales and use taxes on many items, but not … [Read more...]
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