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Bruce Givner

Bruce Givner’s Answers

2,933 total


  • Tax report for a gift from foreigner

    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!

    Bruce’s Answer

    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.

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  • Can you sue a previous employer due it improper taxation from irregular pay? and then not turn in the proper taxes?

    “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...

    Bruce’s Answer

    Your boyfriend should go to a competent tax return preparer for help.

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  • I run a non-profit transitional housing program for homeless women, if they aren't following house rules can I terminate housing

    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...

    Bruce’s Answer

    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.

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  • Paid for service( 2013 Personal & Corporate taxes) did not receive my personal ( filed online) & the corp was Incorrectly done.

    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 ...

    Bruce’s Answer

    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.

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  • Father died, property in Florida has his name and Xwife . I been paying the taxes since 1992. How do i put title in my name.

    The property is undeveloped land, Xwife name was not taken off. She never paid any tax after marriage ended.

    Bruce’s Answer

    You need the former wife to sign a deed transferring the property to you.

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  • Can non USA citizen start a christian church among mongolians and register it? What We need to do to register the church service

    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?

    Bruce’s Answer

    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.

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  • I have a question regarding gifting.

    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?

    Bruce’s Answer

    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.

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  • I need to pay 41% income tax, according to my accountant, is this huge % amount correct?

    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...

    Bruce’s Answer

    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.

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  • State Tax Lein ( CA ) in 2007 for unfiled return

    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...

    Bruce’s Answer

    You need to contact the credit reporting agencies. This is not the responsibility of the state of California.

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  • Do I need to pay US taxes if I work in a foreign country?

    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...

    Bruce’s Answer

    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.

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