Rebecca Romero-Vigil’s Answers

Rebecca Romero-Vigil

Napa Estate Planning Attorney.

Contributor Level 7
  1. Filing Ch13, my husband is illegal working under another name, we're legalizing him. Should I report his income in ch13?

    Answered 11 days ago.

    1. Rebecca Romero-Vigil
    2. David Eli Larson
    3. Diane L Drain
    4. Richard D. Granvold
    5. John P Corrigan
    5 lawyer answers

    Hire to a lawyer where your husband has confidentiality on this matter. Do not discuss on this board.

    9 lawyers agreed with this answer

  2. Franchise Tax for pass-through entities. What happens to it's owner?

    Answered 11 days ago.

    1. Rebecca Romero-Vigil
    2. Anita Louise Steburg
    2 lawyer answers

    Every LLC must pay $800 each year for the privilege/right to conduct business in California whether or not you conduct business until you dissolve the LLC. Some say that the FTB will not look to the individual for the fee, but if you try to start another LLC your past LLC will prevent this. Also, you cannot dissolve the entity until you bring the LLC current.

    4 lawyers agreed with this answer

  3. I didn't file my 2009 tax returns in 2010. How much trouble am I in?

    Answered 11 days ago.

    1. Rebecca Romero-Vigil
    2. Alan James Brinkmeier
    3. John P Corrigan
    3 lawyer answers

    First, if you had a refund coming to you, the time has passed and you have list it. But you should still file your return especially if you owe tax because penalties and interest continue to accrue. The statute of limitations has not begun to run when the IRS has to audit your return because you have not filed yet. If you owe a lot of money you may be able to set up a payment plan. If you have been receiving IRS notices, do not avoid them. Most times the IRS will work with you. If you...

    3 lawyers agreed with this answer

  4. My wife and her sister just sold their mothers house. the house was put in both their names many years ago.

    Answered 12 days ago.

    1. Brian Jeffrey Goossen
    2. Rebecca Romero-Vigil
    3. Shelley Ann Elder
    3 lawyer answers

    Your capital gains would be dependent upon whether you purchased the property or it was gifted to you. Assuming it was gifted to you, the capital gains would be based on the difference between the sales price and your mothers cost basis.

    2 lawyers agreed with this answer

  5. Capital Gain Tax Liability

    Answered over 4 years ago.

    1. Rebecca Romero-Vigil
    2. Steven J. Fromm
    3 lawyer answers

    Steve gave a very good and detailed answer. One more thing to add, make sure you have drafted your revocable trust with your intentions that your heirs receive the house. Otherwise, your estate will have to go through probate and that will require attorneys (and their fees). Visit my website to see what is typically included in a trust package. This communication does not create an attorney-client relationship. IRS CIRCULAR 230 DISCLOSURE: TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED...

  6. Capital Gain Tax Liability

    Answered over 4 years ago.

    1. Rebecca Romero-Vigil
    2. Steven J. Fromm
    3 lawyer answers

    Steve gave a very good and detailed answer. One more thing to add, make sure you have drafted your revocable trust with your intentions that your heirs receive the house. Otherwise, your estate will have to go through probate and that will require attorneys (and their fees). Visit my website to see what is typically included in a trust package.

  7. Tax Lawyer

    Answered over 4 years ago.

    1. Jeffrey Barry
    2. Rebecca Romero-Vigil
    3. Bruce Givner
    3 lawyer answers

    Everything Barry says is true. Sometimes you can save yourself money by contacting the IRS directly if your matter is simple like you just want to enter into an installment agreement. However, if it for taxes that you dispute or for a tax levy or lien, you should get counsel.

  8. Can I pay my taxes in portion for 2 years?

    Answered over 4 years ago.

    1. Rebecca Romero-Vigil
    2. Henry Daniel Lively
    3. Steven J. Fromm
    3 lawyer answers

    The IRS should be contacted. You should talk with a tax lawyer. You may be able to enter into an installment agreement or an Offer in Compromise. NOTHING IN THESE COMMUNICATIONS CREATE AN ATTORNEY-CLIENT RELATIONSHIP. IRS CIRCULAR 230 DISCLOSURE: TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE IRS, WE INFORM YOU THAT ANY U.S. FEDERAL TAX ADVICE CONTAINED IN THIS COMMUNICATION (INCLUDING ANY ATTACHMENTS) IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE...

  9. Can we be sued for all we have ?

    Answered over 4 years ago.

    1. Rebecca Romero-Vigil
    2. Robin Mashal
    2 lawyer answers

    Have the house checked for any asbestos exposure. If no exposure, no lawsuit. You posted this question under estate planning so I am assuming you hired the contractor under some authority in your grandmother's trust. You should consult with an estate & trust lawyer to view the trust document to see if you had authority to hire him and liability exposure, if any. Assuming you did have authority, next look to your contract with the contractor. If you are sued, you may have a cause of action...

  10. What's the best way to bring our foreign-earned (and already highly taxed!!) money back into the US?

    Answered 10 days ago.

    1. Jonathan R. Miller
    2. Robert J. Hoffman
    3. Rebecca Romero-Vigil
    4. Sebastian Nye-Schmitz
    4 lawyer answers

    Hopefully, when you filed your past tax returns you did report the Denmark income on the Foreign Bank and Financial Report, otherwise known as FBAR. These reports are due each year by June 30. If you did not, you should voluntarily disclose the income under the Offshore Voluntary Disclosure program which may impose lower penalties than if they discover you on their own. Filing amended tax returns will not prevent the IRS from coming after you and then they will impose 100% of the penalties...

    1 lawyer agreed with this answer

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