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Board of Equalization, BOE

The California Board of Equalization (BOE), a state government agency that collects taxes (over $60 billion a year) and hears taxpayer appeals, has long been a controversial body. Though it has been debated for years whether or not it was the best agency to collect taxes, recent developments have spurred legislators to drastically change it and replace it with two new agencies. Namely, the BOE has been reported to have misallocated over $47 million of tax revenue that was earmarked for local governments, among other offenses.

What does this mean for business taxpayers and the accountants that represent them? Read on.



Fairly frequently, an IRA holder may not live to see the benefits of the IRA they had put away. In some cases, those IRAs are transferred to their beneficiaries.

If you become the beneficiary of an IRA, here a few rules to remember so you can choose the option that might be best for you.


Estate planning, Prince, estate

You don’t have to be a celebrity or a multi-millionaire to start thinking about estate planning. However, by the recent headlines regarding Prince’s estate, you can see a clear example of what can go wrong in the absence of any forethought to estate planning.

Tax savings, mid-year, tax

It’s already June, and tax time seems like just yesterday. Just as the last few months have flown by, tax time will again be here before we know it.

Though it’s the middle of the year, here are three things you can do now to potentially save a significant amount on your taxes at the end of the year.

IRS, Refund, Letter 5071C, Letter 4833C

In my last blog, we discussed what to do if you receive a Form 4737D from the California Franchise Tax Board (FTB) instead of an expected state tax refund. As far as your federal refund goes, you may receive a similar form in lieu of refund, called the letter 5071C or 4883C from the IRS.

If you have received either of those forms from the IRS, here are a few things you need to know, and how your tax professional can help.

4734D, Tax Refund, FTB, Franchise Tax Board,

If you’re expecting a refund from the California Franchise Tax Board (FTB), this can be a lovely time of year. If your accountant has calculated a refund, there is a fair amount of certainty you will receive one. However, occasionally this doesn’t go as planned.

If, instead of a refund, you received Form 4734D – here’s what that means.