RLawson

About Ronda Lawson

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So far Ronda Lawson has created 23 blog entries.

The IRS Repeats Warning about Phone Scams

The IRS has issued another warning to taxpayers regarding phone scams. The Treasury Inspector General for Tax Administration (TIGTA) has identified approximately 1,100 victims who have been scammed out of an estimated $5 million by callers purporting to be from the IRS. The TIGTA has received over 90,000 complaints through its hotline and urges taxpayers to continue to report any suspected fraudulent phone calls. As a reminder, the IRS:

  • NEVER asks for credit card, debit card or prepaid card information over the phone
  • NEVER insists on a particular payment method to pay tax obligations
  • NEVER requests immediate payment over the phone

If you think you’ve received a phone call from the IRS, you should:

  • Call the IRS at 1-800-829-1040 if you believe you do owe taxes
  • Call the […]
By |September 17th, 2014|Categories: Business Tax, Individual Tax, Nonprofit Organizations|Tags: , , |Comments Off on The IRS Repeats Warning about Phone Scams

2014 Estate Planning Guide

The 2014 Estate Planning Guide is now available. Feel free to share it with friends and family who you think might find it interesting or helpful. A few of the topics covered in the guide are:

– Wills and trusts

– Gift and estate tax exemptions

– The marital deduction

– Exemption “portability”

– Lifetime and charitable giving

– Annual exclusions

– Business succession planning

– Life insurance

If you have any questions after reviewing the information presented, please do not hesitate to give us a call.

Finding and Reporting Hidden Treasure

The State of California is currently in possession of more than $6.9 billion in unclaimed property, including cash, belonging to approximately 24.9 million individuals and organizations. The State acquires unclaimed property through California’s Unclaimed Property Law, which requires “holders” such as corporations, business associations, financial institutions, and insurance companies to annually report and deliver property to the Controller’s Office after there has been no customer contact for three years. Often the owner forgets that the account exists, or moves and does not leave a forwarding address or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property. Search your name in the database to determine if you are owed any of this money.

By |May 6th, 2014|Categories: Business Operations, Business Tax, Individual Tax|Tags: |Comments Off on Finding and Reporting Hidden Treasure

Final IRC Section 83 Regulations Make it Harder to Defer Tax on Compensatory Stock Transfers

The IRS has issued final regulations under Internal Revenue Code Section 83 that will make it more difficult for taxpayers who receive stock in connection with the performance of services to defer tax on the value of the stock received. The IRS has accomplished this by clarifying and tightening certain rules relating to whether a taxpayer’s rights to property are subject to substantial risk of forfeiture. This article, published in Forbes, does a nice job explaining these new regulations.

By |May 6th, 2014|Categories: Business Tax, Individual Tax|Tags: , , |Comments Off on Final IRC Section 83 Regulations Make it Harder to Defer Tax on Compensatory Stock Transfers

The “California Competes” Tax Credit is Now a Possibility for all California Businesses

The California Governor’s Office of Business and Economic Development, or Go-Biz, just completed its first round of accepting applications for the new California Competes Tax Credit. The next round of applications will be accepted following the beginning of the new fiscal year on July 1. The California Competes Tax Credit is a “negotiated credit” that is available to businesses that want to come to California or stay and grow in California, and that promise to create well-paying jobs, with benefits and other perks. There is a two-step application process.

By |May 6th, 2014|Categories: Business Operations, Business Tax|Tags: , , , , , |Comments Off on The “California Competes” Tax Credit is Now a Possibility for all California Businesses
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