Bruce Givner’s Answers

Bruce Givner

Los Angeles Tax Lawyer.

Contributor Level 18
  1. What's the best country for IP holdings, and why?

    Answered over 1 year ago.

    1. Natan Davoodi
    2. Bruce Givner
    3. Michael Charles Doland
    4. Luca Cristiano Maria Melchionna
    4 lawyer answers

    Mr. Davoodi's answer is, of course, correct insofar as you have to examine the facts of each situation. For example, in one current fact situation we have a Netherlands Antilles Foundation which owns an Anguilla entity which has licensed intellectual property to an Irish company due to Ireland's favorable tax laws. However, some of the intellectual property is licensed to a U.S. entity due to a favorable tax rate. So, as Mr. Davoodi suggests, you have to analyze the facts. We have a new...

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  2. Does CA charge state sales tax on Yoga Classes? Pilates Class?

    Answered over 1 year ago.

    1. Bruce Givner
    2. Brian David Yacker
    2 lawyer answers

    California does not charge sales tax on services. But if you sell yoga pants, that sale is subject to sales tax.

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  3. Does having an LLC reduce my taxes ?

    Answered over 1 year ago.

    1. Bruce Givner
    2. Clayton Harold Walker Jr.
    3. Brian Joseph Munson
    3 lawyer answers

    No. Forming an LLC in Nevada will not make the amount you owe for taxes lower. If you are going to form an entity, form it in California. You may wish, as the other gentleman suggested, to form an "S" corporation. That will also allow you to form a retirement plan into which you can contribute a portion of the funds that you do not need for your current food, shelter and clothing, on a tax deductible basis. Hire a CPA to hdlp with this decisioin. There are many good ones in your...

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  4. Do I need a tax evasion type lawyer?

    Answered 10 months ago.

    1. Slaveia Lazarova Iankoulova
    2. Bruce Givner
    3. Christopher Daniel Leroi
    3 lawyer answers

    The best thing for you to do is to hire an expreienced CPA in Adams, Oregon to represent you in the audit. The first thing you should do is call the revenue agent and tell him or her that you need a one month postponement to get the CPA ready for the meeting.

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  5. Tax question: My babysitter wants me to pay her cash - is this legal?

    Answered about 1 year ago.

    1. John P Corrigan
    2. L. Maxwell Taylor
    3. Bruce Givner
    4. Debra Ann Faulkner
    4 lawyer answers

    Messrs. Corrigan and Taylor have given you the correct advice: you can pay her in cash but she is not going to be happy to learn that she is going to receive a 1099.

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  6. Do I need to pay tax to IRS when a receive a gift from a foreign citizen?

    Answered 5 months ago.

    1. Bruce Givner
    2. Phillip Monroe Smith
    3. Luca Cristiano Maria Melchionna
    3 lawyer answers

    No, you do not need to pay tax to the IRS when you receive a gift from a foreign citizen (not a U.S. resident). Yes the can transfer the money to your U.S. account. Yes you have to report to the IRS on a Form 3520. Yes you should talk to a competent tax lawyer about this.

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  7. I've had difficulty w/ this business entity question w/ lawyers and accountants. What are some of the correct entities?

    Answered 12 months ago.

    1. Bruce Givner
    2. Pardis Patrick Ashouri
    3. John P Fazzio III
    3 lawyer answers

    Generally speaking a closely held business in California is going to be established as an "S" corporation because (i) an LLC has a gross receipts tax once the receipts exceed $250,000; and (ii) a "C" corporation has a potential "double" tax on sale and in the event expenses are disallowed. Having said that, an "S" corporation is subject to a 1.5% tax on earnings. So the owners of an "S" corporation typically pay high compensation to reduce the "S" corporation's earnings. But that causes FICA,...

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  8. Legal separation and taxes

    Answered over 1 year ago.

    1. Bruce Givner
    2. Linda Simmons Campbell
    3. Atousa Saei
    3 lawyer answers

    Ms. Campbell has given you a superb answer. Go read IRS Publication 501 at http://www.irs.gov/pub/irs-pdf/p501.pdf. You are considered unmarried if you are living apart and legally separated under a decreee of divorce or separate maintenance, or an interlocutory (not final) decree of divorce. There is another test on page 8 of Publication 501 that has 5 requirements: (i) file separate return; (ii) paid more than half the cost of keeping up your home; (iii) your spouse did not live in your...

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  9. CA second home tax treatment

    Answered about 2 years ago.

    1. Bruce Givner
    2. Curtis Lamar Harrington Jr
    3. Phillip Monroe Smith
    3 lawyer answers

    Yes, it appears that what you are doing is both legal and logical. What you lack is a written agreement which defines the arrangement which one of the other attorneys describes as a wrap-around mortgage. No matter the precise definition of your arrangement, as long as you have the appropriate written contract, you will be fine. Without a written contract, you are at risk. Why must you have a written contract? Two reasons. First, all agreements regarding real estate are supposed to be in...

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  10. How to relinquish my green card and exit US taxation

    Answered about 2 years ago.

    1. Bruce Givner
    2. F. J. Capriotti III
    3. Alexander M. Ivakhnenko
    3 lawyer answers

    A green-card holder must obtain a judicial or administrative determination of abandonment of permanent residency. Lawful permanent resident status is abandoned when an application is filed with either the U.S. Citizenship and Immigration Services (USCIS) or a consular officer, either on USCIS Form I-407, or in a letter stating the intent to abandon resident status and enclosing the permanent resident card. An alien individual is considered to have filed a letter stating the intent to abandon...

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