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The reasons for interest and penalty charges vary. For example, you may be assessed penalty and interest charges if you: File a late return and/or make a late payment A 10 percent penalty if your tax payment is late If you file a late return and make a late payment, your penalty will not exceed […]

Anyone can sue anyone, but the BOE (the Board of Equalization, now known as the Department of Tax and Fee Administration) does not need to in order to collect the amounts due them for sales and use tax and the other tax collections it administers. The BOE has the following collection powers: Liens Levies Wage […]

I just concluded a BOE audit. I now have a 60k bill to the state. What are my options for repayment? 1. You can pay the BOE (California State Board of Equalization, California state tax agency in charge of sales and use tax) in full. This is a real option to consider as interest continues […]

My bank account has just been levied by the IRS. Can I get the money back? You go to the ATM to get some case and are informed there is no money available in your account. You go inside and are informed that the IRS has levied your bank account. Now is the time to […]

My husband handles our tax returns. I learned that we owe close to $40k in back taxes. I’m leaving him for this and other reasons. Will that tax bill follow me? What can I do? The following assumes that the husband filed “Married Filing Joint.” This requires that both spouses sign the return. If you […]

Generally, in an IRS Tax Audit, the IRS can include tax returns filed within the last three years in a Tax Audit. If the IRS identifies a substantial error, they may add additional years. If they are auditing you for years that you have not filed tax returns, this is a very bad situation. The […]