A warning that we are anticipating a major rise in both IRS and State enforcement activity. Here's how to protect yourself and your business: https://www.youtube.com/watch?v=oAJA0rKMVkE
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IRS and CA State Enforcement Action Rising 5/11/2020
Are you scheduled for a sales tax audit in the state of California?
Our ebook provides comprehensive coverage of everything you need to know to survive a sales tax audit in the Golden State, including:
- How companies are selected for audit
- Which files and documents the tax auditor is likely to request
- California sales tax audit procedures and techniques
- How to prepare for a sales tax audit
Download and read this ebook to prepare for a sales tax audit of your business.
https://bit.ly/29VDWma
INFO.SAMBROTMAN.COM
Download the new ebook from Brotman Law: The Ultimate Guide to California Sales Tax Audits
Our founder Sam Brotman was quoted by the Sacramento Bee in a recent report investigating tax liens against California Representative TJ Cox.
Records show two liens filed against Cox businesses within the past year. After reviewing the tax documents, Brotman said:
“This shows the operators of these businesses were negligent at the very least, or willfully not paying their taxes."
You can read the full article here:
https://www.sacbee.com/news/politics-government/capitol-alert/article229297509.html
SACBEE.COM
California’s most vulnerable Democrat is still untangling his tax liens heading into 2020
The California State Assembly passed a bill that makes Amazon and other marketplaces responsible for the registration and collection of sales taxes on behalf of the Amazon sellers that they service.
Although the bill does lower the compliance burdens in the future for small Amazon sellers, much more noteworthy is that the relief provisions or any of the changes incorporated in the bill do not have any retroactive effect. More specifically, the legislature declined to offer any relief to Amazon sellers who failed to collect and remit past tax.
Read more about this development here: https://buff.ly/2IljdtX
The California State Assembly passed a bill that makes Amazon and other marketplaces responsible for the registration and collection of sales taxes on behalf of the Amazon sellers that they service.
Once passed into law, this legislation will shift the future burden of registration and tax collection in the future, from small marketplace sellers to larger organizations in order to not unduly burden them with filing and collections obligations.
Going forward, as of April 1, 2019, any retailer with more than $500,000 in previous year or current year sales in California will be required to register with CDTFA and to collect and remit sales/use taxes. Those under $500,000 in past or current year will not have a forward looking registration requirement.
You can read our analysis on this breaking news here:
SAMBROTMAN.COM
California Legislature Approves New Law, Amazon Sellers Still Liable for Past California Sales and Use Taxes - Brotman Law
California legislature passed a new law concerning Amazon sellers; governor is expected to sign.
https://www.sambrotman.com/california-legislature-approves-new-law-amazon-sellers-still-liable-for-past-taxes/
SAMBROTMAN.COM
California Legislature Approves New Law, Amazon Sellers Still Liable for Past California Sales and Use Taxes - Brotman Law
https://www.youtube.com/watch?v=L--0U_DS0Ew&t=2s
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How Much Is it Going to Cost for Brotman Law to Defend Me in an Audit?
Tax optimization is not complicated.
Most of us just make it complicated. No one expects you to optimize your own taxes or to become an expert on the tax code, just like no one expects you to fix your own car when it breaks down. However, most people believe they are paying too much in taxes and are unhappy about it. The problem is that people often mistake tax reporting (the yearly task of having your accountant prepare your taxes) for true tax optimization work. If you do not make the decision to optimize your taxes, no one is going to read your mind and do it for you. At Brotman Law, our "10 Big Ideas To Change The Way You Think About Your Taxes," could help. To find out more, visit https://www.sambrotman.com/tax-business-ideas
https://www.youtube.com/watch?v=WP7O5SLZOKw
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How Much Is it Going to Cost for Brotman Law to Defend Me in the IRS Collection Process?
Tax Optimization Is The Way To Get You There.
The second commonality among those that have reached the top of the mountain is tax optimization. Successful people and companies have winning tax strategies. Regardless of your personal feelings about paying taxes, your yearly expense to the government is not creating any leverage for you. In fact, it detracts from your ability to create leverage by impacting your cash flow. Cash flow is king because it drives profitability, fuels growth, and creates opportunities for management and ownership. On the personal side, cash flow sustains and enhances your personal living situation.
https://www.youtube.com/watch?v=TeOMoRje2B0
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What Is the Cost Structure at Brotman Law?
The Top Of The Mountain Is Closer Than You Think.
Financial freedom, peace of mind, and living a life free from interference from California and the IRS is possible. If you look at people in our society that have obtained this status, many of them were not born wealthy. Rather the commonality is that they were able to create leverage in their own lives that propelled them forward. We view this as critically important because it allows people to live their best lives and focus on their legacy. Visit our website to learn more about "Ten Big Ideas To Change The Way you Think About Your Taxes" https://www.sambrotman.com/tax-business-ideas
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Big Ideas | Brotman Law
https://www.youtube.com/watch?v=E3HBLqcWIj8
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As an Out of State Business, What Do I Do If I Owe Money to California?
A dangerous misconception exists about how our tax enforcement system works.
The system is designed for administration on the whole and for the state and the federal government to collect revenue.
The mistake that many people make is looking at it from their individual perspective. Many people believe that because they have done nothing wrong that they have no risk.
Others believe that they can negotiate with the government independently or that the government shares their view of what is reasonable.
This is completely untrue and, every year, many people fall into a trap that will cost them tens of thousands, hundreds of thousands, or even millions of dollars.
Don't let your fear of tax debt chase you into an expensive corner of non compliance with California or the IRS. Call Brotman Law at (619) 330-9579.
https://www.youtube.com/watch?v=G6cW0Q5WdYY
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What Do CDTFA Auditors Look for in a Sales Tax Audit?
https://www.youtube.com/watch?v=G6cW0Q5WdYY
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What Do CDTFA Auditors Look for in a Sales Tax Audit?
The people that work in tax enforcement (examinations, collections, and criminal tax) sometimes do not fight fair because there is no incentive to fight fair.
We believe in and are thankful for the many good people who dedicate their lives to government service. As a firm, we pride ourselves on our working relationship with the government.
However, we are also aware that there are “bad apples” that work for California and the IRS. There is too much individual power and a lack of uniformity in the ways that are tax laws are administered.
The lack of simple and appropriate checks and balances in our tax enforcement system yields unfair results for taxpayers causing them to owe large liabilities and irrational penalties.
In some cases, California and the IRS cause lifelong harm and financial ruin.
https://www.youtube.com/watch?v=D25e2x4Vt8E
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How Do I Determine What Tax I Owe for Sales Over the Internet?
“Whether you agree that raising taxes during an economic recession is bad for the economy or not, state and local governments should be doing everything in their power to bid Congress to provide more direct aid. This would minimize the need for tax increases or spending cuts,” wrote Michael Mazerov in Tax Notes.
In previous articles, I touched on tax liability issues that predominantly covered taxpayers owing money to the IRS. The citizens of California could also owe taxes to the California Franchise Tax Board (FTB).
What does the FTB collections process look like for individuals in California and how has COVID-19 impacted these policies? Until the Feds come up with a plan for more direct aid to the states, I’ve written about some of the FTB penalties to look out for and resources that could help you.
https://www.sambrotman.com/blog/the-state-of-ftb-tax-collections-for-individuals?hs_preview=duQCQzFX-41316499699
https://www.youtube.com/watch?v=2GohxuPPamA
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What Are the Types of Penalties That I Could Face in a CDTFA Sales Tax Audit?
https://www.youtube.com/watch?v=80Y6rljkXn0&t=15s
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What Is Nexus? Do I Have Nexus in California?
