Hi, I have a question. I'm a non resident american, who has a F1(student) visa. If my parent give me more than 100000 dollars as a gift, do I need to fill the Form3520 to report the gift next year? Thank you!
Even though you have a non-resident VISA, you may meet the substantial presence test. So meet with a competent tax return preparer to see if it is a good idea to file.See question
“My boyfriend just got a bill from the IRS that was over 10k due in taxes. His previous employer was family and he never received a regular paycheck or pay stub. His old employer never sent in my boyfriends taxes. I'm not sure exactly how taxes wo...
Your boyfriend should go to a competent tax return preparer for help.See question
I'm running into some of the house rules being neglected, ex. chores not completed, visiting hours not obeyed and, and a few with allowing men on the premises. One man actually broke a window upstairs trying to enter to see his girlfriend. I not...
You need the advice of a real estate lawyer to have quality leasing agreements with your tenants. That is especially the case since California laws heavily favor tenants.See question
Hi , I paid 4k to have my taxes done, 3k up front for corporate and then 1k for personal. 8 months went by before they delivered the corporate taxes ( which I today find were done wrong & must be redone) and I ended up fling my own personal on ...
If the $500 was just to take down the bad review, and not as a complete settlement, then you can sue them in Small Claims court.See question
The property is undeveloped land, Xwife name was not taken off. She never paid any tax after marriage ended.
You need the former wife to sign a deed transferring the property to you.See question
We are Christians, I am a pastor of Mongolian church. We would like to register our church. Can we start to register the church for Mongolian people in LA?
Yes, you can set up a church. There are actually organizations that help people set up churches for free if you do a thorough search on the internet. If you work with a lawyer it will probably cost $10,000 or more.See question
If someone has gifted you real estate. and filled out a gift tax return and gifted it to you in a LLC. is that property yours? Does anything else need to be done?
If it is a single member LLC then you indirectly own the real property; you can liquidate the LLC and own the property directly if you wish. If you are merely one member of the LLC, then you only own a membership interest in the LLC which owns the real property. There is nothing for you, as the donee to do, as gift taxes, if any, are paid by the donor. You might want to make sure that you have the appropriate insurance on the property.See question
I'm 22 years old and single, I have a small business in Los Angeles. For last year my revenue was about $70,000 after expenses. I spoke with my accountant and he told me I'd need to pay 41.6% income tax on that amount, which would be about $24,000...
My quickie software program for a single person with $15,000 of itemized deductions and $3500 of deductions not subject to phase-out shows $8,000 of adjusted persona exemptions and a $7,543.75 federal tax. There would also be another $5,000 or so in state tax. That would be about $13,000 or 29% of your net income. So it is worth having the CPA show you how he got to the results that he has shown you.See question
Back in 2007 I had a CA State Tax lien filed against me for an unfiled state tax return which I had thought I had filed. After submitting the unfiled return I actually ended up receiving a state refund. To this day the Tax Lein appears on my Credi...
You need to contact the credit reporting agencies. This is not the responsibility of the state of California.See question
I am currently on a non-immigrant visa working in the US and contemplating starting my Green Card application. If I do get a Green Card, will I be liable to pay US income taxes if I work in a foregin country? Is it dependent on which country I wor...
U.S. citizens and residents are taxable on their worldwide income. The U.S. has income tax treaties with various countries which might possibly impact the actual tax results. There is a list of treaties on the IRS web site at http://www.irs.gov/Businesses/International-Businesses/United-States-Income-Tax-Treaties---A-to-Z. There is also a credit for taxes paid to foreign countries. You can work this out with a competent tax return preparer.See question