Dynamex Operations West, Inc. v. Superior Court, the groundbreaking California Supreme Court decision that makes it harder for companies to claim workers, including certain REALTORS®, are not employees, can be applied retroactively, the Ninth Circuit Court of Appeals ruled earlier this month. The decision has implications for the many gig-economy companies that categorize workers as […]
Client Tip: IRS Warns of Tax Refund Scam
WASHINGTON — The Internal Revenue Service is warning taxpayers of a growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS issued the warning after discovering that more tax preparers’ computer files had been breached, and the number of potential taxpayer victims jumped from a few hundred to several thousand in […]
9th Circuit Rules on Deducting Rental Loss
Real estate professionals must materially participate in their rental activities in order to deduct rental losses according to the Ninth Circuit Court of Appeals which interpreted Internal Revenue Code § 469 in Gragg v. United States of America; Internal Revenue Service, No.14-16053, August 4, 2016. One of the taxpayers held a real estate license and […]