The Newport Beach Tax Attorney blog is dedicated to tax issues serving Orange County and Southern California. Posts cover recent news and tax cases including audits, tax litigation, IRS, and cryptocurrency tax issues. For more on the Orange County Tax Attorney Joseph P. Wilson, visit https://www.wilsontaxlaw.com or 949.397.2292
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...: Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transf...
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: Property Tax: Ten Counties Allow Intercounty Base ...: Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transf...
Property Tax: Ten Counties Allow Intercounty Base Year Value Transfers
Effective November 20, 2014, 10 California counties will have property tax ordinances implementing the intercounty base year value transfer provisions for persons who are at least age 55 or are severely and permanently disabled. The counties are Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, and Ventura. The latest county to be added was San Bernardino, which adopted an ordinance in October 2014 that applies to replacement dwellings that are purchased or newly constructed in the county on or after January 1, 2014. Be careful when deciding where to move because numerous counties do not honor the base year transfer.
If you or your client is at least age 55 and is considering whether to move to a new residence be sure to contact a property tax expert to make sure you don't lose your low property tax base. The Wilson Tax Law Group specializes in property tax and income tax matters. Please contact Joseph P. Wilson at 714-463-4430 if you have any questions.
Location: Orange County, California, USA
Newport Beach, CA, USA
Property Tax: Ten Counties Allow Intercounty Base Year Value Transfers
Effective
November 20, 2014, 10 California counties will have property tax
ordinances implementing the intercounty base year value transfer
provisions for persons who are at least age 55 or are severely and
permanently disabled. The counties are Alameda, El Dorado, Los Angeles,
Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara,
and Ventura. The latest county to be added was San Bernardino, which
adopted an ordinance in October 2014 that applies to replacement
dwellings that are purchased or newly constructed in the county on or
after January 1, 2014. Be careful when deciding where to move because numerous counties do not honor the base year transfer.
If you or your client is at least age 55 and is considering whether to move to a new residence be sure to contact a property tax expert to make sure you don't lose your low property tax base. The Wilson Tax Law Group specializes in property tax and income tax matters. Please contact Joseph P. Wilson at 714-463-4430 if you have any questions.
Location: Orange County, California, USA
Newport Beach, CA, USA
San Diego Tax Attorney Sentenced for Tax Evasion
Last Monday a US District Judge in San Diego sentenced Lloyd Irving Taylor to 5 1/2 years in federal prison
Former San Diego tax attorney sentenced for evading millions in taxes
Posted: Nov 17, 2014 6:40 PM PST Updated: Nov 17, 2014 6:40 PM PSTSAN DIEGO (CNS) - A one-time San Diego tax attorney and certified public accountant was sentenced Monday to 5 1/2 years in federal prison for using the identities of deceased children to create aliases that allowed him to evade millions of dollars in taxes. In handing down the punishment for Lloyd Irving Taylor, U.S. District Court Judge Michael Anello also ordered the 71-year-old defendant to pay about $2.2 million in restitution to the Internal Revenue Service.
Following a weeklong trial in June, a jury convicted Taylor of 19 felony charges, including aggravated identity theft, making false statements to a financial institution, tax evasion, corrupt interference with the IRS and lying on passport applications.
According to prosecutors, Taylor stole the personal information of dead children and used it to obtain fraudulent passports and other identifying documents, which he then used to open and maintain financial accounts so he could hide his income and assets from the IRS.
The stolen identities also allowed him to transfer funds between accounts and to buy assets, such as gold coins, as another means of skirting taxes, court documents state.
Similarly, Taylor created over a dozen fake churches and opened 31 related bank and investment accounts in their names. He then took advantage of the tax-exempt status of religious institutions to fraudulently claim that his income was not subject to federal taxes, according to the U.S. Attorney's Office in San Diego.
Among witnesses who testified during the trial was the brother of one of the deceased people whose identity was stolen, as well as an elderly blind woman whose Social Security number was filched by Taylor.
Despite working and earning money for over 40 years, Taylor filed federal tax returns just seven times, prosecutors said. All told, he failed to report about $5 million in income, on which he owed the IRS about $1.6 million, according to the U.S. Attorney's Office.
The sad news is that this is not the first tax attorney who has been convicted of tax evasion. It is extremely important that when seeking tax advice as a business owners or individual that you vet your tax professional. Ask questions to determine how long they have been an attorney. Check to see if they have had any disciplinary actions. Ask them if their clients get audited. You should also check to determine whether the attorney previously worked as an attorney for the IRS, DOJ or FTB. People who previously worked from the government understand the internal workings of the tax agencies. People who did not, well, do not.
The last thing you need in your life is to receive bad tax advice and to find yourself the subject of an IRS civil examination or worse a criminal investigation. Don't let this happen to you or your business.
Whether you are a business owner needing basic tax advice or bookkeeping services or a taxpayer who is seeking assistance and may be in trouble with the IRS, know that the tax professionals at the Tax Law Offices of David W. Klasing are dedicated to being ethical and professional as well as highly effective. We will work diligently to ensure that we can secure you the best possible outcome for your situation or structure your tax transaction in a way that is most favorable to you, but will also do so within the parameters of the law. Call our Los Angeles tax lawyers today at (800) 805-9718 for a reduced-rate consultation and rest easy knowing that as our client, you are our top priority.
Following a weeklong trial in June, a jury convicted Taylor of 19 felony charges, including aggravated identity theft, making false statements to a financial institution, tax evasion, corrupt interference with the IRS and lying on passport applications.
According to prosecutors, Taylor stole the personal information of dead children and used it to obtain fraudulent passports and other identifying documents, which he then used to open and maintain financial accounts so he could hide his income and assets from the IRS.
The stolen identities also allowed him to transfer funds between accounts and to buy assets, such as gold coins, as another means of skirting taxes, court documents state.
Similarly, Taylor created over a dozen fake churches and opened 31 related bank and investment accounts in their names. He then took advantage of the tax-exempt status of religious institutions to fraudulently claim that his income was not subject to federal taxes, according to the U.S. Attorney's Office in San Diego.
Among witnesses who testified during the trial was the brother of one of the deceased people whose identity was stolen, as well as an elderly blind woman whose Social Security number was filched by Taylor.
Despite working and earning money for over 40 years, Taylor filed federal tax returns just seven times, prosecutors said. All told, he failed to report about $5 million in income, on which he owed the IRS about $1.6 million, according to the U.S. Attorney's Office.
The sad news is that this is not the first tax attorney who has been convicted of tax evasion. It is extremely important that when seeking tax advice as a business owners or individual that you vet your tax professional. Ask questions to determine how long they have been an attorney. Check to see if they have had any disciplinary actions. Ask them if their clients get audited. You should also check to determine whether the attorney previously worked as an attorney for the IRS, DOJ or FTB. People who previously worked from the government understand the internal workings of the tax agencies. People who did not, well, do not.
The last thing you need in your life is to receive bad tax advice and to find yourself the subject of an IRS civil examination or worse a criminal investigation. Don't let this happen to you or your business.
Whether you are a business owner needing basic tax advice or bookkeeping services or a taxpayer who is seeking assistance and may be in trouble with the IRS, know that the tax professionals at the Tax Law Offices of David W. Klasing are dedicated to being ethical and professional as well as highly effective. We will work diligently to ensure that we can secure you the best possible outcome for your situation or structure your tax transaction in a way that is most favorable to you, but will also do so within the parameters of the law. Call our Los Angeles tax lawyers today at (800) 805-9718 for a reduced-rate consultation and rest easy knowing that as our client, you are our top priority.
San Diego Tax Attorney Sentenced for Tax Evasion
Last Monday a US District Judge in San Diego sentenced Lloyd Irving Taylor to 5 1/2 years in federal prison
Former San Diego tax attorney sentenced for evading millions in taxes
Posted: Nov 17, 2014 6:40 PM PST Updated: Nov 17, 2014 6:40 PM PST
SAN DIEGO (CNS) - A one-time San Diego tax attorney and certified public accountant was sentenced Monday to 5 1/2 years in federal prison for using the identities of deceased children to create aliases that allowed him to evade millions of dollars in taxes. In handing down the punishment for Lloyd Irving Taylor, U.S. District Court Judge Michael Anello also ordered the 71-year-old defendant to pay about $2.2 million in restitution to the Internal Revenue Service.
Following a weeklong trial in June, a jury convicted Taylor of 19 felony charges, including aggravated identity theft, making false statements to a financial institution, tax evasion, corrupt interference with the IRS and lying on passport applications.
According to prosecutors, Taylor stole the personal information of dead children and used it to obtain fraudulent passports and other identifying documents, which he then used to open and maintain financial accounts so he could hide his income and assets from the IRS.
The stolen identities also allowed him to transfer funds between accounts and to buy assets, such as gold coins, as another means of skirting taxes, court documents state.
Similarly, Taylor created over a dozen fake churches and opened 31 related bank and investment accounts in their names. He then took advantage of the tax-exempt status of religious institutions to fraudulently claim that his income was not subject to federal taxes, according to the U.S. Attorney's Office in San Diego.
Among witnesses who testified during the trial was the brother of one of the deceased people whose identity was stolen, as well as an elderly blind woman whose Social Security number was filched by Taylor.
Despite working and earning money for over 40 years, Taylor filed federal tax returns just seven times, prosecutors said. All told, he failed to report about $5 million in income, on which he owed the IRS about $1.6 million, according to the U.S. Attorney's Office.
The sad news is that this is not the first tax attorney who has been convicted of tax evasion. It is extremely important that when seeking tax advice as a business owners or individual that you vet your tax professional. Ask questions to determine how long they have been an attorney. Check to see if they have had any disciplinary actions. Ask them if their clients get audited. You should also check to determine whether the attorney previously worked as an attorney for the IRS, DOJ or FTB. People who previously worked from the government understand the internal workings of the tax agencies. People who did not, well, do not.
The last thing you need in your life is to receive bad tax advice and to find yourself the subject of an IRS civil examination or worse a criminal investigation. Don't let this happen to you or your business.
Whether you are a business owner needing basic tax advice or bookkeeping services or a taxpayer who is seeking assistance and may be in trouble with the IRS, know that the tax professionals at the Tax Law Offices of David W. Klasing are dedicated to being ethical and professional as well as highly effective. We will work diligently to ensure that we can secure you the best possible outcome for your situation or structure your tax transaction in a way that is most favorable to you, but will also do so within the parameters of the law. Call our Los Angeles tax lawyers today at (800) 805-9718 for a reduced-rate consultation and rest easy knowing that as our client, you are our top priority.
Following a weeklong trial in June, a jury convicted Taylor of 19 felony charges, including aggravated identity theft, making false statements to a financial institution, tax evasion, corrupt interference with the IRS and lying on passport applications.
According to prosecutors, Taylor stole the personal information of dead children and used it to obtain fraudulent passports and other identifying documents, which he then used to open and maintain financial accounts so he could hide his income and assets from the IRS.
The stolen identities also allowed him to transfer funds between accounts and to buy assets, such as gold coins, as another means of skirting taxes, court documents state.
Similarly, Taylor created over a dozen fake churches and opened 31 related bank and investment accounts in their names. He then took advantage of the tax-exempt status of religious institutions to fraudulently claim that his income was not subject to federal taxes, according to the U.S. Attorney's Office in San Diego.
Among witnesses who testified during the trial was the brother of one of the deceased people whose identity was stolen, as well as an elderly blind woman whose Social Security number was filched by Taylor.
Despite working and earning money for over 40 years, Taylor filed federal tax returns just seven times, prosecutors said. All told, he failed to report about $5 million in income, on which he owed the IRS about $1.6 million, according to the U.S. Attorney's Office.
The sad news is that this is not the first tax attorney who has been convicted of tax evasion. It is extremely important that when seeking tax advice as a business owners or individual that you vet your tax professional. Ask questions to determine how long they have been an attorney. Check to see if they have had any disciplinary actions. Ask them if their clients get audited. You should also check to determine whether the attorney previously worked as an attorney for the IRS, DOJ or FTB. People who previously worked from the government understand the internal workings of the tax agencies. People who did not, well, do not.
The last thing you need in your life is to receive bad tax advice and to find yourself the subject of an IRS civil examination or worse a criminal investigation. Don't let this happen to you or your business.
Whether you are a business owner needing basic tax advice or bookkeeping services or a taxpayer who is seeking assistance and may be in trouble with the IRS, know that the tax professionals at the Tax Law Offices of David W. Klasing are dedicated to being ethical and professional as well as highly effective. We will work diligently to ensure that we can secure you the best possible outcome for your situation or structure your tax transaction in a way that is most favorable to you, but will also do so within the parameters of the law. Call our Los Angeles tax lawyers today at (800) 805-9718 for a reduced-rate consultation and rest easy knowing that as our client, you are our top priority.
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...
Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...: On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd . (MZTF) ...
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Recent Federal Court Decision: Texas Top Cop Shop, Inc., et al. v. Garland, et al.
Our clients should be aware of a recent ruling in Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478 (E.D. Tex. ), wh...
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For all those Jersey Shore fans, television personality Michael 'The Situation' Sorrentino and his brother Marc Sorrentino appeared ...
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Just like the IRS, the California Franchise Tax Board (FTB) also has a program to allow one spouse to be relieved of existing joint liabilit...
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Just like the IRS, the California Franchise Tax Board (FTB) also has a program to allow one spouse to be relieved of existing joint liabilit...