8 May By Webmaster | mendasweed

Office of Tax Appeals Hearing – 1031 Exchange

People working numbers at their computers
  On April 27, 2018, the partners from Mendes Weed, LLP represented a taxpayer before the Office of Tax Appeals (OTA). As of the date of this blog posting, Mendes Weed, LLP is one of only a handful of firms to have gone before the OTA because the OTA has only been hearing cases since January of 2018. Last week, we discussed some of the procedural issues that came up during the hearing.  This week,…
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30 April By Webmaster | mendasweed

My Experience before the Office of Tax Appeals

state tax litigation
If you dispute an income tax matter with the Franchise Tax Board (FTB), and timely file a protest, you may find yourself before the Office of Tax Appeals (OTA). Prior to 2018, your appeal would have been heard by the Board of Equalization (BOE).  Now, as of January 1, 2018, these appeals are heard by the OTA. The OTA is an “independent body created by the Taxpayer Transparency and Fairness Act of 2017. Its mission…
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28 January By Christina Weed | mendasweed

California Democrats Propose New Work-Arounds to Help Ease the Tax Burden Imposed By Trump’s New Tax Law

Democrats are proposing a work around for the tax cap recently imposed.
  The new tax bill, which was signed into law on December 22, 2017 by President Trump, leaves many taxpayers uncertain about how this law may affect their tax and income status. Of primary concern in California and other high-tax, high-cost states is the $10,000 limit on deductions for state, local, and property taxes. Data from the Department of Finance stated the average state and local deductions for Californians in 2015 was over $18,400. The…
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23 December By Christina Weed | mendasweed

[Video] CA Tax & Licensing Overview for Cannabis Businesses

https://youtu.be/jb-c23BKtQ4 If you are interested in the California tax and licensing overview for cannabis businesses, you should consider the following information: Licensing of Cannabis The Bureau of Cannabis Control (BCC) is the lead agency in developing regulations for medical and adult-use cannabis in California. BCC is responsible for licensing retailers, distributors, testing labs and microbusinesses. BCC is currently accepting licensing applications. New users will be required to register an account on the Bureau’s online self-service portal prior to applying for…
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12 August By Christina Weed | mendasweed

California Tax Law and Sales Tax Information for San Francisco Retail Businesses

Retails businesses in San Francisco must adhere to California tax law codes
  If you run a new or established retail business in the San Francisco area, you may want to take a minute to brief yourself on tax laws for businesses. According to California tax laws, as imposed by the California State Board of Equalization, every non-exempt retail business that sells tangible, personal property for storage, use, or other consumption is required to charge sales tax, collect it and provide a receipt to the purchaser, and…
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22 March By Christina Weed | mendasweed

California State Taxes: Last Minute Income Tax Tips from the Tax Attorney

The deadline for California state taxes is on the horizon. If you are still putting together the your California tax filings, these last-minute tax tips could save you money and time! The biggest thing to remember is the date Tuesday, April 18, 2017. That’s when your 2016 Personal Income Tax returns are due. Because April 15 falls on a Saturday, and Monday April 17th is the federal holiday Emancipation Day, tax day is occurring a…
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13 February By Christina Weed | mendasweed

8 Tips for Filing Your Business Taxes in 2017 | Bay Area Tax Attorney

tax & estate planning attorney
  Filing taxes for your business can be a difficult process. Still, you want to maximize your savings, tax return, and long-term financial security. Here are 8 tips that will help you make sense of filing business taxes and start you off on the right foot! 1. Basic Business Tax Deductions The IRS says that deductions on your business taxes must be both ordinary and necessary for the kind of business you run. To the IRS,…
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