Aug 3, 2021 | PG&E Settlement
If you are receiving money from the PG&E fire settlement the award may be taxable to you. In general, all income is considered taxable unless Congress says it is not (IRC 61). So, when we look at your PG&E settlement offer, we start with the presumption that...
Aug 3, 2021 | CDTFA, EDD, Franchise Tax Board
The Governor of California has declared the Dixie, Fly, Tamarack, Lava, and Beckwourth Complex Fires as state disasters. This impacts Alpine, Butte, Lassen, Plumas, and Siskiyou counties. When a state disaster is declared, it provides a number of tax relief provisions...