IRS Expands Voluntary Worker Classification Settlement Program

IRS Expands Voluntary Worker Classification Settlement Program

Today’s press release from the IRS regarding the VCSP: IRS Expands Voluntary Worker Classification Settlement Program; Relief From Past Payroll Taxes Available to More Employers Who Reclassify Their Workers As Employees WASHINGTON — The Internal Revenue Service has expanded its Voluntary Classification Settlement Program (VCSP) paving the way for more taxpayers to take advantage of … Continue reading IRS Expands Voluntary Worker Classification Settlement Program

New Opportunity for California Taxpayers Who Avoided Tax Bills

New Opportunity for California Taxpayers Who Avoided Tax Bills

In concert with the IRS’ Voluntary Disclosure Program discussed here and here, California is also keenly interested in offering some amnesty to taxpayers who “avoided tax bills” if it mean capturing further state tax revenue.  However, the program starts today and the deadline of October 31, 2011 to participate in California’s  Voluntary Compliance Initiative is quickly approaching.  The benefit of avoiding … Continue reading New Opportunity for California Taxpayers Who Avoided Tax Bills

San Francisco Assessor Seeks Increased Penalties for Failure to File PCOR

San Francisco Assessor Seeks Increased Penalties for Failure to File PCOR

If you have tried to record anything in California recently (e.g. a deed on that stone house you recently purchased), you have no doubt run across the requirement that almost everything that crosses the desk at your county’s office of the Recorder must be accompanied by a Preliminary Change of Ownership Report (PCOR).  The name implies this … Continue reading San Francisco Assessor Seeks Increased Penalties for Failure to File PCOR