Divorce is legally complex, but in California – a Community Property state – the tax implications can linger long after the papers are signed. A common nightmare scenario for Sacramento residents involves receiving a collection notice from the IRS or FTB for a tax debt incurred by an ex-spouse. You might ask, “The divorce decree…
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Placer County – specifically the corridor of Roseville, Rocklin, and Granite Bay – has transformed into one of California’s premier destinations for wealth. Successful business owners, medical professionals, and tech executives have moved here for the quality of life. But as your wealth grows, so does the target on your back. The IRS has received…
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You check your bank account on payday, expecting your usual deposit, but the balance is shockingly low. Or your HR manager calls you into the office with an embarrassed look and hands you an IRS Notice of Levy. In San Bernardino, where the cost of living leaves little margin for error, a wage garnishment is…
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Sacramento is a hub for the defense and aerospace industries, as well as federal agencies. For thousands of employees at Aerojet, Intel, or nearby Beale AFB, maintaining a security clearance is a strict condition of employment. Unfortunately, financial trouble is the number one cause of security clearance denial and revocation, falling under Guideline F: Financial…
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San Bernardino is the beating heart of the West Coast supply chain. From the mega-warehouses in Redlands to the transport hubs in Fontana, the logistics industry drives our local economy. But for the thousands of owner-operators and independent truck drivers who keep freight moving, the tax code is a minefield. Many drivers transition from company…
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The Riverside real estate market has been a rollercoaster of equity growth. For many residents in Corona, Temecula, and Murrieta, their home is not just a place to live – it is their primary financial safety net. However, if you have unpaid back taxes, the IRS can lock down that equity with a Federal Tax…
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Life in the Inland Empire moves fast. Between rising mortgage rates in Riverside and the daily grind of commuting, falling behind on administrative tasks is common. However, there is a massive difference between paying your taxes late and not filing a return at all. If you have unfiled tax returns from previous years, you are…
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For most Americans, the IRS is the ultimate bogeyman. But for residents of Sacramento, there is a creditor far closer to home and often far more aggressive: the California Franchise Tax Board (FTB). Headquartered right here in Rancho Cordova, the FTB has unique powers and digital systems that allow them to collect debts faster and…
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Riverside County is currently experiencing one of the most significant construction booms in Southern California. From commercial logistics centers in Jurupa Valley to residential expansions in Menifee and French Valley, the industry is thriving. However, this visibility comes with a hidden cost: heightened scrutiny from the Internal Revenue Service (IRS) and the California Franchise Tax…
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The S-Corporation is the entity of choice for many small businesses in Roseville, from medical practices on Douglas Blvd to tech consultants in Rocklin. The primary tax advantage is obvious: you don’t pay self-employment tax (Social Security and Medicare) on the profits (distributions) of the business, only on your wages. Naturally, this creates an incentive…
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