Posts

Landmark SCOTUS Decision on Sales Tax Collection Requirements

The U.S. Supreme Court recently issued a ruling that could have a dramatic impact on American retailers, and not only those who primarily operate on the Internet.  In what has been called the Wayfair sales tax case, the court on June 21,…
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California Competes Tax Credit

The California Competes Tax Credit is an income tax credit for businesses wanting to stay and grow in California. The purpose is to attract and retain employers in California industries with high economic multipliers and that provide their employees…
hires

WFY Expands Firm with Three New Hires

Wright Ford Young & Co. continues to grow the firm with three new hires: Andrew Abeyta, Cameron Lee, and Jennifer Nguyen.  All three are the newest additions to WFY's Tax Department.  WFY is pleased to welcome these new hires to the WFY…
aca
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IRS To Issue More ACA Penalties

The IRS began issuing Affordable Care Act (ACA) penalty assessments in its Letter 226J tax notice in November 2017. These notices are being sent to employers who the IRS identified through its recently developed Affordable Care Act Compliance…
updates

WFY Continues to Grow Firm with New Hires

Wright Ford Young continues to grow the firm with four new hires: Marisa Alvarado, Nicholas Valdez, Collin Sidler, and Cameron Bauer.  Marisa and Nicholas are the newest additions to WFY's Estates & Trusts Department while Collin and Cameron…

Avoid Scammers: How the IRS Does and Does Not Contact Taxpayers

In order to help taxpayers avoid scams in which criminals impersonate IRS employees, IRS has issued a Fact Sheet in which it sets out the ways that it does and does not contact taxpayers.  The IRS has been publishing this sheet for years to…
Offer in Compromise
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What Is an Offer in Compromise with the IRS?

An offer in compromise can make you happy: "Oh boy, the IRS said yes, and my tax debts are over!" Or it can frustrate you. Let's go over how to navigate the IRS settlement guidelines and see what an offer in compromise entails. Here's the good…

Earn Money from California’s Training Subsidy Program

It’s Free Money, and We Can Help You Get Your Share Do you provide formal training for your employees? Exciting news: The government wants to chip in. Yes, really. In fact, for the past 35 years the State of California has provided over…
Federal Tax Depreciation Guidelines