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.

 

Happy New Year from Wilson Tax Law Group, APLC!

As we welcome a fresh new year, we want to wish you a joyous and prosperous New Year filled with happiness, health, and success in all your endeavors. We look forward to serving you and collaborating on exciting new projects in 2025! Let’s keep achieving together milestones together.

From all of us at: Wilson Tax Law Group, APLC!

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)

Wilson Tax Law Group, APLC, Celebrates 10-year Anniversary

Join us in celebrating the firm's 10th Anniversary as we close out 2024. Ten years of hard work and dedication deserves a big congratulations.

A huge thank you to our team, clients and business partners for everything you have done for Wilson Tax Law Group, APLC. Here’s to another successful ten years and counting.

Read more in the firm's recent press release .

 

 

Happy Holidays from Wilson Tax Law Group, APLC!

As we countdown to the end of 2024, we want to express our gratitude and appreciation for our team, clients, business partners and community, and the incredible work we accomplish together.

Thank you for your continued partnership and confidence in choosing Wilson Tax Law Group, APLC, as your preferred legal advisor for your tax matters. We appreciate your allowing us the opportunity to be part of your success story.

May this beautiful holiday season be filled with joy, happiness, good health, and cheer. We look forward to working with you in the years to come.

From all of us at: Wilson Tax Law Group, APLC!

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)

 

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.), which may have important ramifications for companies managing federal tax and regulatory compliance.

In this case, the plaintiffs challenged certain federal regulatory actions and interpretations impacting small businesses. While the specifics of the court's ruling are nuanced, the decision highlights ongoing legal debates over administrative authority, compliance requirements, and the balance between state and federal oversight.

This ruling emphasizes the importance of staying informed about the evolving legal landscape, particularly for businesses operating in highly regulated industries. Our firm is closely monitoring the case and its potential ripple effects on tax and regulatory matters.

If you have any questions about how this decision might affect your business or if you would like to discuss your compliance strategy, please do not hesitate to contact us.

Stay tuned for further updates as this case develops.

If you have any questions about how this decision might affect your business or if you would like to discuss your compliance strategy, 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.

IRS Urges Retirees to Complete Mandatory 2024 Withdrawals

In addition to highlighting the changes brought about by the SECURE 2.0 Act, the Internal Revenue Service today reminded people 73 years of age and older of the deadline for taking required minimum distributions out of individual retirement accounts (IRAs) and other retirement plans.

Many owners of IRA accounts and retirement plans are required to take out required minimum distributions (RMDs) each year. If these withdrawals are not made on schedule, fines may apply as they represent taxable income. The new rules in the statute are explained in detail on the IRS’s  retirement plan and IRA required minimum distributions FAQs  webpage.

The SECURE 2.0 Act eliminated RMDs for designated Roth accounts in 401(k) and 403(b) retirement plans and increased the age at which account owners must start taking RMDs.

The minimum distribution rules generally apply to original account holders and their beneficiaries in these types of plans:

• IRAs: IRA withdrawals from traditional IRAs and IRA-based plans occur every year once people reach age 73, even if they’re still employed.


• Retirement plans: The RMD rules apply to employer-sponsored plans, with delays allowed until retirement unless the participants own more than 5% of the sponsoring business.


• Roth IRAs: Roth IRA owners are not required to take withdrawals during their lifetime, however beneficiaries are subject to the RMD rules after the account owner’s death.

The RMD regulations will not apply to designated Roth funds in 401(k) or 403(b) plans if the account owner is still living in 2024. Key RMD regulations for defined contribution plans and IRAs are described in the RMD comparison chart .

To find out more about how Wilson Tax Law Group, 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 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)

 

Joseph Wilson, recognized as Top Rated Attorney with SuperLawyers for 2025

We are pleased to announce Managing Shareholder, Joseph Wilson, has been recognized as a Top Rated Attorney with SuperLawyers for 2025! Join us in celebrating this achievement as this peer designation is awarded only to a select number of accomplished attorneys in each state.

For more information, please visit Mr. Wilson's SuperLawyers profile here.