Yes. Most states have a voluntary disclosure program, including California. In California, if you do not file a return, the Board of Equalization can send you a bill for the amounts owed as late as eight years after the quarterly period in which the purchases were made. However, if you qualify for the In-State Voluntary Disclosure Program, the billing period is limited to three years. In addition, you may be relieved of applicable penalties.
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First of all, we need to know if the LLC is disregarded. From the way that your question is phrased, I will assume the answer is yes. Thus, for Hawaii state income tax purposes, you will be required to file as an individual and report your Hawaii rental property income. You will not owe income tax on the Washington and Nevada sourced rental income. Washington and Nevada do not impose state income taxes on individuals. Note that the LLC must file in Hawaii to pay general excise tax on the rental...
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A couple of clarifications. The date of the divorce decree is critical to this answer. If the divorce decree went into effect after 1984 and before 2009, a divorce decree that states each of the following will allow the noncustodial parent to take the tax exemption. 1. The noncustodial parent can claim the child as a dependent without regard to any condition (such as payment of support). 2. The other parent will not claim the child as a dependent. 3. The years for which the claim is...
I agree with the answer from Mr. Mishkin. The IRS can bring criminal charges if they feel that they can prove you intentionally evaded the payment of your taxes. There is a great amount of latitude afforded the government in determining which cases to pursue. In some cases, the government can be persuaded to drop criminal proceedings for cooperative taxpayers that file past returns, pay their tax debts and agree to comply in the future. You need to speak with an attorney, preferably one with...
In addtion ot filing a final return, you should close your business account with the IRS, by writng to them at: Internal Revenue Service, Cincinnati, Ohio 45999 and stating the reason you wish to close your account. If you have a copy of the EIN Assignment Notice that was issued when your EIN was assigned, include that when you write. Otherwise, be sure to include the complete legal name of the entity, the EIN, and the business address. You may want to take a look at the IRS website help for...
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More facts are needed to completely answer your question. If you inherited a house in 2003, you would have received a step up in basis to the fair market value of the home under the estate tax regime at that time. If you have rented the house in the meantime, you would have taken depreciation deductions that would have reduced this basis. However, with a 40% reduction in value you would still be in a loss position. If you have not rented the home, but used it for personal purposes your basis...
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See an attorney. There is much more involved than just the debt ot the IRS. This is a very serious matter that could have lasting effects on your credit and could result in serious charges against your father.
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More facts are needed for an accurate answer. However, based on 2011 tax rules, the following should help you determine your taxes. The answer depends partly on what taxes you are paying. As to Social Security and Medicare Taxes, those taxes will not be refunded. If you are talking about federal income taxes withheld, you will pay $50 with a refund of the remainder. This is because you get a standard deduction as a single person of $5,800 and a personal exemption of $3,700. This gives you...
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I am not a Utah attorney, but you probably have a legitimate case. Landlord tenant laws are generally pretty straightforward. A quick perusal of the landlord tenant statutes in Utah indicate that a landlord in Utah cannot hold you responsible for rent if the premises are rented to someone else for a comparable rent. Further, there are probably strict rules under the Utah landlord tenant law regarding the ability of a landlord to retain a deposit. This really comes down to a cost benefit...
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It is true that you should not have to charge sales tax to the store, but you may need to obtain a resale certificate depending on the frequency with which you make sales. If you make less than three sales in a 12 month period you are treated as an occasional seller that need not collect any sales tax under most circumstances. However, if your sales exceed three sales in a 12 month period, you no longer qualify as an occasional seller and must collect retail sales tax. An exemption exists for...
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