Tax Transactions
Nearly everything we do has tax consequences. Many transactions and events can be stressful on their own without considering the tax impact. At Hone Maxwell LLP we pride ourselves on providing [...]
Foreign Bank Account Report
The FBAR has come under scrutiny with the implementation of the FATCA regime. Under the requirements of the FBAR, taxpayers with more than U.S. $10,000 in foreign accounts must report these bank [...]
Offshore Voluntary Disclosure Program
As the IRS continues to crack down on foreign asset and income reporting, it is more important than ever to be compliant with your filing and reporting obligations. If you haven’t been compliant [...]
U.S. Taxation of Foreign Citizens and Businesses
If you have a foreign entity doing business in the U.S. or are an ex-patriate working in the U.S. it is very important you properly report your U.S. activities for U.S. tax purposes and [...]
Worldwide Taxation of U.S. Citizens and Businesses
The U.S., and in some cases California, taxes income on a worldwide basis. Therefore, if you are a citizen, resident, or deemed resident of the U.S., your income is taxed regardless of where it [...]
Employment Development Department
The Employment Development Department (EDD) administers payroll taxes in California. Although, just as with income taxes, California payroll tax rates are not as high as federal, the EDD is very [...]
Franchise Tax Board
The Franchise Tax Board (FTB) is the California tax agency that collects and enforces state income tax assessment and collection. In many situations, the FTB operates similarly to the Internal [...]