Selling cannabis you acquired before 1/1/2018...California Department of Tax and Fee Administration – Adoption of Emergency Regulation 3701 “They want they money” (Excise Tax)! Proposed legislationSteve SimsDecember 13, 2017Selling cannabis, emergency regulation
California will do its own thing (except for automatic conformity items) with the new tax reform bill. “It’s all about the Benjamin’s” (Revenue Impact). GeneralSteve SimsDecember 11, 2017Revenue Estimaring Methods
California’s Throwback Rule - When determining the Taxpayer’s California Sales Factor, an out-of-state sale may be included in the Taxpayer’s numerator (treated as a California sale). GeneralSteve SimsDecember 6, 2017Throwback Rule
IRS Interactive Tax Assistant (ITA) Tool is good Information...But can be just enough to be dangerous! Proceed with caution if you are not a licensed tax professional. GeneralSteve SimsNovember 29, 2017IRS interactive assistant tool
Need someone to prepare your tax return? “Who ya gonna call.....?” GeneralSteve SimsNovember 27, 2017Tax preparer
“Check em out!” CA Secretary of State Business Search.... A good place to start when taking on a new client or vendor. GeneralSteve SimsNovember 24, 2017CA Secretary of State, Business search
Puff, puff....Pass... The California Department of Tax and Fee Administration (CDTFA) adopted proposed regulation 3700, “Cannabis Excise and Cultivation Taxes” as recommended by staff. Approved legislationSteve SimsNovember 22, 2017Cannabis taxes
“Make your Kung Fu strong against ID theft!” IRS, State Tax Agencies and Tax Industry Announce National Tax Security Awareness Week, Nov. 27-Dec. 1. GeneralSteve SimsNovember 20, 2017ID Theft
Disabled Veterans rated 100 percent disabled may be exempt from paying California property taxes. I’m thinking we need to drop that rating percentage quite a bit lower! GeneralSteve SimsNovember 17, 2017Disabled Veterans
Head of Household can provide huge benefits, but claiming your lady or man friends child does not qualify. “You are......NOT the father!” GeneralSteve SimsNovember 15, 2017Head of household
Scams and Schemes Targeting Taxpayers.... Don’t get “Hoodwinked, Bamboozled, or Led Astray!” GeneralSteve SimsNovember 10, 2017Tax scams
Steve Sims, EA will be talking Taxes November 16, 2017, at the Sheraton Universal Hotel...That’s right “Going Hollywood, lights, camera, action!” GeneralSteve SimsNovember 8, 2017Insiders look
California Legislative Bills that became law in 2017 - New stuff, most of which you would have had no idea... after reading still may not...Smile GeneralSteve SimsNovember 6, 20172017 law
Doing Business in California as a Partnership, but have not been filing in California? The Voluntary Disclosure Program has Expanded Eligibility and Penalty Relief... GeneralSteve SimsNovember 3, 2017Voluntary Disclosure Program
“You ain’t going nowhere!” The IRS may request a Revocation or Denial of your Passport in Case of Certain Unpaid Taxes GeneralSteve SimsNovember 1, 2017Passport revoked
Plan on selling your personal residence and excluding the gain on sale from income? Make sure you meet the “ownership use” test! Make sure “Yo casa is yo casa”! GeneralSteve SimsOctober 30, 2017Home ownership test
California taxation for Military Servicemember’s can be confusing... Let’s simplify it by making “active duty” military Servicemember’s EXEMPT! GeneralSteve SimsOctober 27, 2017Military pay
“Speak now or forever hold your peace” at the informal stakeholders meeting November 6, 2017 regarding the new Draft regulations for the California Office of Tax Appeals (OTA). GeneralSteve SimsOctober 25, 2017OTA Draft Regs
Is your Nonprofit Organization really a Nonprofit? The California Franchise Tax Board may give you an “Activity Check”... no you can’t cash it! GeneralSteve SimsOctober 23, 2017Non profits
“I’m gonna need to see your ID”.... Is a California Drivers License required to e-file or paper file your Income Tax Return? GeneralSteve SimsOctober 20, 2017Check ID
