Articles Posted in Tax Advice

If you are a California founder or investor counting on the Qualified Small Business Stock exclusion, there is a trap you need to understand before you sell. The California QSBS rules do not follow the federal ones. You can qualify for a 100% federal exclusion under Section 1202, exclude every dollar of gain on your…

The 2025 QSBS changes are the most significant expansion of the Qualified Small Business Stock rules in more than a decade. Enacted as part of the One Big Beautiful Bill Act, the new law rewrites key parts of Section 1202 for stock acquired after July 4, 2025. It shortens the wait for a partial exclusion,…

Qualified Small Business Stock (QSBS) is one of the most powerful tax benefits available to founders, early employees, and investors. Under Section 1202 of the Internal Revenue Code, a taxpayer who holds qualifying stock in a small C corporation can exclude a large portion, and in many cases all, of the capital gain when the…

The IRS statute of limitations on tax debt — known inside the agency as the Collection Statute Expiration Date, or CSED — is one of the most misunderstood rules in federal tax collection. In theory, the IRS has ten years from the date of assessment to collect a tax liability. In practice, that clock is…

Marin County is home to some of California’s highest earners, most successful entrepreneurs, and most sophisticated investors. It’s also a frequent target for IRS and California Franchise Tax Board (FTB) audit activity. If you’ve received an audit notice at your home in Mill Valley, Tiburon, San Rafael, Sausalito, or anywhere else across Marin, you need…

If you’ve received an audit notice from the IRS or the California Franchise Tax Board (FTB), you’re probably feeling a mix of anxiety, confusion, and maybe even dread. You’re not alone. Every year, thousands of San Francisco residents and business owners open their mailboxes to find that dreaded letter — and most have no idea…

Living and working in Sacramento means you are at the heart of California’s government and administrative sectors. From state employees and defense contractors to the thriving small businesses that support the capital, Sacramento boasts a robust economy. However, it also means you are living in the literal backyard of the California Franchise Tax Board (FTB)…

San Francisco is the epicenter of global technology, venture capital, and digital asset innovation. The wealth generated in the Bay Area is unprecedented, but it is also highly complex. From multi-million dollar IPOs and Restricted Stock Units (RSUs) to massive cryptocurrency portfolios, San Francisco residents face tax scenarios that average CPAs are simply not equipped…

Huntington Beach is a vibrant community driven by a unique mix of hospitality, retail, real estate, and independent contractors. “Surf City” is home to hard-working entrepreneurs and established families. However, when financial stress hits and tax obligations fall behind, the Internal Revenue Service (IRS) is unrelenting. If you are facing mounting tax debt, unfiled returns,…

Orange County is synonymous with prosperity, entrepreneurial success, and high-value real estate. From the corporate hubs of Irvine to the coastal estates of Newport Beach and Laguna, OC residents have built significant wealth. However, this high concentration of high-income earners and complex business entities makes Orange County a prime target for aggressive enforcement by the…