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By now, you probably have heard of or encountered some form of artificial intelligence (“AI”), which appears to be rapidly expanding globally. AI’s application in tax […]
The California Office of Tax Appeals recently held that a corporation failed to show that a reported transfer of stock had “economic substance” to claim a […]
The IRS loves to audit people who claim charitable deductions. The reason is that there are very strict record-keeping rules when it comes to charitable deductions and most […]
Just like the IRS, the California Franchise Tax Board (FTB) also has a program to allow one spouse to be relieved of existing joint liabilities if […]
