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Tax treatment for amounts received through accident …

WebThe general rule is all items received constitute “gross income” and are taxed. IRC §104 (a) (3) provides an important exception to this rule. Section 104 (a) (3) excludes from gross …

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Avoid These IRS Red Flags If You Are Worried About a Tax Audit

WebRecently, WGN News in Chicago published an article about the most common signs that the IRS looks for when they are considering instituting an audit against a taxpaying individual …

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Tax Attorney & CPA Serving All of California David W. Klasing

WebHandling civil, criminal, domestic, and international tax matters, we serve clients throughout California and nationwide through our convenient satellite office locations. For a reduced …

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IRS: Fake Form 1099 Scams, Falsified Income Make 2019 “Dirty …

WebIRS Cautions Against “Falsifying Income” on Your Return this Tax Season. On March 11, with the deadline to file taxes for 2018 just a month away, the IRS issued a timely press …

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Irvine Tax Attorney and CPA David Klasing

WebIf you have any questions about protesting an FTB decision, contact our dual-licensed Orange County FTB Audit Attorneys and CPAs online, or call the Tax Law Offices of …

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NJ Healthcare Businessman Headed to Prison over Payroll Tax …

WebAccording to a Department of Justice press release, a New Jersey man was sentenced by a federal judge to serve a year and a day in prison for intentionally failing to pay over …

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Snake Oil: Comes in Twos

WebA “snake oil salesman” is an older expression that referred to the quack salesman who sold you “health products”—snake oil— knowing full well that it was a farce. In other words, it …

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What the new 3.8% Medicare Tax Means for you

WebThe Health Care and Reconciliation Act of 2010, which amends the Patient Protections and Affordable Care Act, imposes a new 3.8% Medicare contribution tax on the investment …

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A Quick Guide for California Taxpayers Living Abroad

Web“Internal Revenue Service” is a bit of a misnomer—sometimes “Universal Revenue Service” might seem more fitting. Contrary to popular belief, moving to a tropical island will not …

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Torrance California Man Sentenced to Prison for Tax Evasion and …

WebOn February 28, Jeffrey (a.k.a. “Jey”) Lawrence of Torrance, CA was sentenced to 12 months and one day in prison by United States District Judge R. Gary Klausner. The …

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Tax Law Offices of David W. Klasing

WebFor a reduced rate initial consultation about your estate planning issue, contact me online at my Irvine or Los Angeles (Westwood) estate planning offices or call 800.681.1295. If you …

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Mental Health Facility Owner Sentenced For Tax Evasion and …

WebAccording to a Department of Justice press release, Catinia Farrington, of Cypress, Texas, was sentenced to serve five years in a federal prison for submitting false claims to …

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Business and Tax Considerations for Solo Practitioners and Small …

WebBusiness and Tax Considerations for Solo Practitioners and Small Law Firms By David W. Klasing, Esq. M.S.-Tax CPA. Entrepreneurial attorneys going solo often overlook the …

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Columbus Regional Health Employees Sentenced for Wire Fraud …

WebCall Now (800) 681-1295 Home; About Us. Our Team; Careers; Speeches and Press; Videos; Services. Dual Tax Lawyer & CPA

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Las Vegas Woman Sentenced to Prison, Fined Over $1.1 Million for

WebOn Wednesday, November 16, 2016, 55-year-old Maria Larkin, otherwise known as “Maria Bella-Larkin,” former owner and operator of Las Vegas, Nevada-based healthcare …

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Tax Strategy: The Economic Substance Doctrine Explained

WebThe economic substance doctrine or “sham in substance doctrine” arose out of common law, but has recently (as of 2010) been codified in IRC § 7701(o), which basically dictates that …

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What Are IRS Allowable Expenses

WebFor example, for a one person household in 2015, the allowable standard for food, clothing and other items is $585 per month and out-of-pocket health care expenses is $60 per …

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Florida Health Care Professional Faces Criminal Employment Tax …

WebAccording to a Department of Justice press release, a Florida man was recently charged with failing to properly comply with federal employment tax laws.This story illustrates the …

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Form 433A David Klasing Tax Law

WebThe function of the Form 433-A (OIC) is to determine the appropriate offer amount based on the taxpayer’s assets, income, expenses, and future earning potential. Generally, the …

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