2025 Tax Filing Season Commences, Are You Ready?

As we venture into the new year, we are reminded of the impending tax deadlines to officially close out 2024. The California Franchise Tax Board (FTB) recently released information for taxpayers about disaster loss assistance, cash-back tax credits, and the benefits of filing and paying online. With the ongoing expansion of online services provided by regulatory agencies, such as the FTB, it is imperative to utilize these free tools and review the potential benefits they may offer your family and/or business. To avoid penalties, as many taxpayers know, all tax payments are due by April 15^th or extensions should be requested if unable to meet this deadline.

There may be advantages to filing electronically and ahead of the annual deadline depending on your financial situation. Filing early may also protect you from identity theft or stolen identity refund fraud, which continue to be on the rise. One of the ways to combat unforeseen tax issues, is considering to partner with your preferred tax preparer, financial advisor and seeking professional legal tax law advice, so that together you can develop a solid tax plan of action each year. This super tax team can assist with finding any potential blind spots that could be minimizing your leverage in seeking the highest possible tax benefits you can realize each year. Good luck out there!

To find out more about how Wilson Tax Law Group, APLC, could help with your tax litigation and defense needs, we invite you to set up a  consultation with our firm.

Wilson Tax Law Group, APLC is a boutique Orange County tax controversy law firm that specializes in representation of individuals and businesses before federal and state tax authorities with audits, appeals, FBAR, offshore compliance, litigation and criminal defense.  Firm founder, Joseph P. Wilson, is a former Federal tax prosecutor and trial attorney for the IRS and California Franchise Tax Board.  Wilson Tax Law Group, APLC, is comprised of former IRS litigators & Special Agents, and Assistant US Attorneys from the US Attorney’s Office, Central District of California, Tax Division, which at the time handled both civil tax lawsuits and criminal tax prosecutions on behalf of the United States of America.

For further information, or to arrange a consultation please contact: Wilson Tax Law Group, APLC

Tel: (949) 397-2292 (Newport Beach Office) 

Tel: (714) 463-4430 (Yorba Linda Office)

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Please consult with a qualified attorney for specific guidance related to your circumstances.