I handle tax matters across the U.S. and abroad (www.WoodLLP.com), addressing tax problems, tax disputes, writing tax opinions, tax advice on legal settlements, transactions, crypto, and many other matters. You can reach me at Wood@WoodLLP.com.
Surprisingly, Taxes Are Present Even At Your Local Farmers’ Market
At the farmers' market, cash transactions used to be the norm and is still common. But these days, many farmers seem to accept Apple pay, credit and debit cards, etc.
Will Kamala Harris’ Proposals Raise Your Taxes? Here Are 6 Ways They Might
Vice President and candidate Harris pledged not to raise taxes on anyone making under $400,000 a year, but tax increases are likely, especially for top earners.
How Tax Opinions Help Solidify Tax Positions And Prevent Penalties
Tax opinions provide multiple benefits. Apart from penalty protection, a tax opinion can help to solidify your tax position and provide audit defense if you need it.
If You Are Under Audit And IRS Asks For More Time, Should You Agree?
If you say no, the IRS will generally assess extra taxes, usually based on an incomplete and quite unfavorable picture. So agreeing usually is wise.
As More People Leave California Over Taxes, They May Face Tax Audits
Moving sounds easy, but if you aren’t careful how you do it, you could end up saying goodbye California high taxes, and hello residency audit.