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Jared R. Callister

California Tax Review

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Tax Relief for Farmers Who Got Incorrect Obamacare Tax Forms

Under Code Sec. 36B(a), certain taxpayers are allowed a refundable premium tax credit to help afford health insurance bought through an Exchange. On Feb. 20, 2015, the Department of Health and Human Services announced that it had issued Forms 1095-A containing erroneous information to some taxpayers who received advance subsidies toward their purchase of health insurance through  These taxpayers have been informed that they will be receiving corrected Forms 1095-A from the Health Insurance Marketplace. Taxpayers need this form to file a complete and accurate return.

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Can My New Business Keep My Old EIN?

Any time a business is considering any type of restructuring or reorganization the business should not forget the significant, but often overlooked detail of EIN retention.  Often switching EINs can prove to be an administrative headache, especially if that EIN is tied to business licenses, or is tied to reimbursements from Medi-Cal or health insurers.

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Identity Theft and Your Federal Tax Refund: what to do if your tax identity has been stolen

For any American, the threat of identity theft is real.  It's even more scary, however, when fraudsters assume another's identity in order to steal federal tax refunds.  Fortunately, the IRS is taking steps to both prevent the theft from happening and to help mitigate any headache that might occur if one's identity is stolen.

Below are some warning signs that should alert you to the fact that your identify, at least for tax purposes, may have been stolen:

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The President's "Trust Fund Loophole" is Really an Attack on Basis Step-Up

I listened to the President's State of the Union address tonight--mainly to get more insight on his tax proposals--and was dissapointed at the lack of detail.  In particular, I was eager to hear him elaborate on the recently mentioned "trust fund loophole".  This wording caught my interest over these past few days and I assumed dealt with restricting rules pertaining to the use of GRATs (which he has heavily criticized in the past).  

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