Ok, starting the “All About the Positive” book club. Choose your own book and share! GeneralSteve SimsSeptember 26, 2018#bookclub, #positivity
On sale now at the IRS! Get a 20% deduction if you’re a member of an S Corporation, Partnership or LLC! GeneralSteve SimsSeptember 21, 2018#irs, #deductions
When it comes to 1031 Like-Kind Exchanges, IRS changed, but California did not. But, if it doesn’t work for Federal...it doesn’t work for California! Tax articlesSteve SimsSeptember 19, 2018#ftb, #irs, #exchangeofproperty
California’s new tax court dogged by backlog, bias claims GeneralSteve SimsSeptember 17, 2018#boe, #ftb, #appeals
Getting it Right! “Senate confirms Charles Rettig to be IRS commissioner”... An Advocate for the people, also my mentor and good friend. GeneralSteve SimsSeptember 14, 2018#irs, #taxcommissioner
Done with your business entity (Corporation, LLC, etc.)? You better shut it down or it will continue to cost you! GeneralSteve SimsSeptember 12, 2018#ftb, #closingbusinessentity
Tips from the Internal Revenue Service and the State of California Franchise Tax Board On “How to choose a Tax Professional “ GeneralSteve SimsSeptember 10, 2018#ftb, #taxpro
So, you’re donating your Nike gear to charity....you will need to determine Fair Market Value. GeneralSteve SimsSeptember 7, 2018#irs, #donation, #fairmarketvalue
Being audited by the IRS or FTB? Thinking you’re going to represent yourself......You’d better check yourself before you wreck yourself! GeneralSteve SimsSeptember 6, 2018#ftb, #selfrepresentation
California Taxpayers that claimed Head of Household, the Franchise Tax Board may come a callin.... make sure you respond! GeneralSteve SimsSeptember 5, 2018#ftb, #headofhousehold
Tax Professionals still using SIMS to help California disaster victims. GeneralSteve SimsAugust 29, 2018#ftb, #SIMS
Death in the family and you’ve been named the administrator of the estate. Are you required to file an estate tax return? GeneralSteve SimsAugust 27, 2018#taxes, #death, #estate
Gambling Income - “You got to know when to hold’em, know when to report’em, know when to walk away, know when to run”! Or else.... GeneralSteve SimsAugust 24, 2018#gambling, #income, #irs, #ftb
Considering “Bankruptcy” to eliminate individual federal income liabilities? It ain’t easy, it’s complicated! GeneralSteve SimsAugust 22, 2018#bankruptcy, #irs
Criminal Tax Evasion, doesn’t just apply to the big fish. You don’t hear about the little ones because they get swallowed whole. GeneralSteve SimsAugust 20, 2018#taxevasion, #ftb, #irs
Bartering in business....“you scratch my back I’ll scratch yours”? Probably a taxable transaction. Just sayin! GeneralSteve SimsAugust 17, 2018#barter, #bartering, #ftb, #irs
You file for your refund and the IRS says “you got yo money” or they come after you for a refund you never received... TAX IDENTITY THEFT...NO JOKE! GeneralSteve SimsAugust 15, 2018#idtheft, #irs, #ftb
So, you have a business and use the loss to reduce your wage or other income? Not so fast, it may just be a hobby....”you can’t do that....”! GeneralSteve SimsAugust 13, 2018#hobby, #irs, #ftb
The verdict is in and you received an award or settlement....Is it taxable? GeneralSteve SimsAugust 10, 2018#settlement, #irs
What you gonna do when they come for you? Understanding the Audit, Protest , and Appeal process. GeneralSteve SimsAugust 8, 2018#ftb, #audit
