IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
NV - Net proceeds of minerals tax regulations adopted The Nevada Tax Commission has adopted regulations that revise the
deductions used to determine the new proceeds of minerals tax.
Effective January 1, 2012, the several deductions h...
TX - Showroom was key to proving taxpayer was a retailer A taxpayer was eligible for the 0.5% rate when calculating its
taxable margin for Texas franchise purposes because, using an SIC
Code Manual analysis, 100% of its revenue was deriv...
Welcome and thank you for visiting CUONG LE, CPA, Inc. Our office is conveniently located in beautiful Santa Monica, California. All our clients receive the highest standard of excellence through diligence.
We are a boutique firm, small enough to know all our clients by their first name, but big enough to provide Tax, Financial, and Advisory expertise at all levels. Our professional services are geared towards helping you maximize your return on your investment. We have years of in-depth industry experience and unparalleled wisdom.
We have provided some valuable resources on our website: About Us to learn more our firm and mission statement. Visit our Services to find out more about the wide range of services we offer and industries in which we specialize. Updated monthly newsletters and tax alerts are in our TaxCorner page, interactive Financial Calculators, interactive Tax Calendar and IRS Forms.
We welcome the opportunity to meet you and to have you join the ranks of our long-standing clients. Please contact us today! You will be glad you did.
