https://galek.tax/insights Tax summaries and published work from Galek Tax Law. en-us Wed, 12 Aug 2026 00:00:00 GMT https://galek.tax/insights/tax-penalties/trust-fund-recovery-penalty https://galek.tax/insights/tax-penalties/trust-fund-recovery-penalty Wed, 12 Aug 2026 00:00:00 GMT Tax Penalties How the Trust Fund Recovery Penalty can make unpaid payroll withholding personally collectible from owners, officers, managers, and others with financial authority. https://galek.tax/insights/tax-planning/california-183-day-rule https://galek.tax/insights/tax-planning/california-183-day-rule Tue, 11 Aug 2026 00:00:00 GMT Tax Planning California does not use a simple 183-day residency rule. Learn the limited day-count rules, the facts the state weighs, and records that matter. https://galek.tax/insights/tax-planning/missed-83b-election-deadline https://galek.tax/insights/tax-planning/missed-83b-election-deadline Tue, 11 Aug 2026 00:00:00 GMT Tax Planning What a missed 83(b) election means, when the filing window may never have opened, and which restructuring options may still be available. https://galek.tax/insights/tax-planning/qsbs-redemption-risks https://galek.tax/insights/tax-planning/qsbs-redemption-risks Tue, 11 Aug 2026 00:00:00 GMT Tax Planning A corporate stock redemption can disqualify newly issued QSBS. Learn the timing rules, thresholds, exceptions, and safer ways to issue new shares. https://galek.tax/insights/tax-professionals/ai-tax-advice-risks https://galek.tax/insights/tax-professionals/ai-tax-advice-risks Tue, 11 Aug 2026 00:00:00 GMT Tax Professionals AI can explain tax concepts, but it cannot verify your facts, current law, confidentiality, or a return position. Learn where it helps and where it does not. https://galek.tax/insights/tax-planning/qsbs-business-activity-restrictions https://galek.tax/insights/tax-planning/qsbs-business-activity-restrictions Mon, 10 Aug 2026 00:00:00 GMT Tax Planning The section 1202 active business rules, excluded businesses, asset tests, and working-capital limits that determine whether stock can qualify as QSBS. https://galek.tax/insights/tax-professionals/cpa-tax-attorney-privilege https://galek.tax/insights/tax-professionals/cpa-tax-attorney-privilege Fri, 07 Aug 2026 00:00:00 GMT Tax Professionals When attorney-client privilege, work product, and the CPA privilege protect tax communications, and when confidentiality can fail. https://galek.tax/insights/tax-planning/california-residency-liquidity-event https://galek.tax/insights/tax-planning/california-residency-liquidity-event Wed, 05 Aug 2026 00:00:00 GMT Tax Planning Moving out of California before a business sale, stock sale, or option exercise raises residency and sourcing questions. What the FTB examines, and when to plan. https://galek.tax/insights/tax-planning/investor-trader-dealer-tax-rules https://galek.tax/insights/tax-planning/investor-trader-dealer-tax-rules Tue, 04 Aug 2026 00:00:00 GMT Tax Planning How the investor, trader, or dealer classification can change gains, losses, deductions, and planning choices. https://galek.tax/insights/tax-policy-legislation/all-your-basis-are-belong-to-you https://galek.tax/insights/tax-policy-legislation/all-your-basis-are-belong-to-you Sat, 01 Aug 2026 00:00:00 GMT Tax Policy & Legislation Why Congress should let taxpayers elect a one-time deemed sale of appreciated property, pay current tax, and establish a fair-market-value basis. https://galek.tax/insights/tax-audits/irs-audit-documents https://galek.tax/insights/tax-audits/irs-audit-documents Thu, 30 Jul 2026 00:00:00 GMT Tax Audits The records an IRS audit may request, how to organize support for each item, and what to do when a document is missing. https://galek.tax/insights/tax-audits/what-triggers-irs-audit https://galek.tax/insights/tax-audits/what-triggers-irs-audit Mon, 27 Jul 2026 00:00:00 GMT Tax Audits There is no single IRS audit trigger. Learn how the IRS selects returns for examination, which common red flags are myths, and why documentation matters. https://galek.tax/insights/tax-audits/irs-audit-reconsideration https://galek.tax/insights/tax-audits/irs-audit-reconsideration Thu, 16 Jul 2026 00:00:00 GMT Tax Audits Can you reopen a closed IRS audit? Learn when reconsideration may fit, what records matter, and when a tax lawyer can help protect your options. https://galek.tax/insights/tax-audits/irs-notice-deficiency https://galek.tax/insights/tax-audits/irs-notice-deficiency Mon, 13 Jul 2026 00:00:00 GMT Tax Audits What an IRS notice of deficiency means, why the 90-day deadline matters, and how to protect your options before the proposed tax becomes assessed. https://galek.tax/insights/tax-penalties/reasonable-cause-abatement https://galek.tax/insights/tax-penalties/reasonable-cause-abatement Thu, 09 Jul 2026 00:00:00 GMT Tax Penalties Learn when IRS and California penalties may be abated, how reasonable cause differs from administrative relief, and what makes a request stronger. https://galek.tax/insights/tax-collection/california-20-year-tax-collection-clock https://galek.tax/insights/tax-collection/california-20-year-tax-collection-clock Mon, 06 Jul 2026 00:00:00 GMT Tax Collection A 1932 constitutional amendment presumes every tax paid after 30 years. Whether that protection reaches California income-tax collection remains an open question. https://galek.tax/insights/tax-audits/how-far-back-irs-audit https://galek.tax/insights/tax-audits/how-far-back-irs-audit Thu, 02 Jul 2026 00:00:00 GMT Tax Audits Federal and California audit, assessment, extension, and collection time limits for old tax years. https://galek.tax/insights/tax-professionals/tax-attorney-vs-cpa https://galek.tax/insights/tax-professionals/tax-attorney-vs-cpa Sun, 28 Jun 2026 00:00:00 GMT Tax Professionals Choosing the right first call when a tax issue involves compliance, legal risk, privilege, IRS disputes, payroll tax, or cross-border reporting. https://galek.tax/insights/criminal-tax-investigations/when-irs-criminal-investigation-starts https://galek.tax/insights/criminal-tax-investigations/when-irs-criminal-investigation-starts Sat, 20 Jun 2026 00:00:00 GMT Civil & Criminal Tax Enforcement How criminal tax exposure can begin quietly, what IRS CI formally opens, and why willfulness matters more than the size of the tax problem. https://galek.tax/insights/tax-audits/irs-audit-letter https://galek.tax/insights/tax-audits/irs-audit-letter Fri, 12 Jun 2026 00:00:00 GMT Tax Audits A practical guide to IRS audit letters, including proposed audit changes, 30-day Appeals options, deadlines, and organizing the right records.