Client: Technology industry client Challenge: A prospect in the technology sector was expecting a significant gain in a buy/sell transaction. Knowing our expertise in tax reporting for buy/sell transactions, the prospect’s banker suggested they...
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Every child deserves the feeling of joy that a thoughtful gift brings this time of year. However, the COVID-19 pandemic disproportionately impacted already vulnerable low-income communities, with families experiencing increased housing, food and...
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Los Angeles Business Journal named Co-Managing Partner Wendy On to its Leaders of Influence: Women in Accounting 2021 list, in recognition of her leadership both inside and outside the firm. With nearly two decades of experience, Wendy provides...
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Client: Multiple clients in the retail and apparel industries Challenge: Hundreds of companies applied for loans through the SBA Paycheck Protection Program (PPP) with the expectation that they would be forgiven. Yet many businesses that received...
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Client: Retail client Challenge: Our client underwent a restructuring in order to bring in an investor, but they later discovered the due diligence was inadequate and the restructuring was done incorrectly. This complex problem turned into a...
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The Senate recently passed a bipartisan infrastructure bill that includes a disaster tax relief provision and addressed issues in filing deadlines for taxpayers taking disputes to the Tax Court. However, while these new provisions are a start...
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While the accounting industry continuously changes, there is plenty of expert insight that has remained relevant through the years, and the lessons that many professionals learned decades ago can guide young accountants in their practice today...
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Client: Owners of a chain of car wash stations Challenge: The IRS selected the client’s car wash locations to perform an audit and search for unrecorded income. The audit extended to two years of the client’s personal tax returns and those of his...
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Fineman West is pleased to announce the addition of Business Management Account Manager Roger Ramos and Tax Manager Kenny Tse to its growing team. Ramos manages the day-to-day business management of high-net-worth entertainment clients, including...
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The Internal Revenue Service (IRS) is hiring thousands of new auditors as it gears up for a potentially massive tax-enforcement push if Congress passes an infrastructure plan that includes $40 billion to expand audits on the wealthy. What does...
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The Bookstein Low Income Taxpayer Clinic at California State University, Northridge (“CSUN”), provides free representation to low-income taxpayers facing tax disputes with the IRS. In an article by CSUN, Partner Steven L. Jager was featured for...
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You cannot control or predict the ebbs and flows of the economy, but you can take control of your financials – both surviving economic bumps in the road and thriving through them. In fact, navigating turbulent times can also lead to making smart...
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