How do I get my restricted stock donation appraised

Hi: Contact the CA Society of CPAs; link below. They can direct you to a CPA that does valuation work and hopefully more specifically restricted...

What should my plan of action be? Do you have any idea why they are targeting me?

HI: The IRS ALWAYS starts an audit by letter! If you have never received a letter, notice of proposed adjustment, intent to levy, etc. then it is...

Can I file taxes without 1099r and then do an amendment?

Hi: A 1099-R is for a distribution from a pension plan, etc. Do you mean 1099-Misc? Also, not sure why your employer would issue you a 1099-MISC...

HI: As Ms. Kostyn has stated, your boyfriend claiming you as a dependent is a problem. Attached is a link to the IRS' website that is a dependency...

Is this considered income and do I report this on my tax return?

Hi: It can be rolled over tax-free to an IRA within 60-days of receipt. . Below is a link to the IRS' website that can help provide some general...

What about if we didn't file taxes in the last 3 years? it would affect us? Can I become citizen owing taxes?

Hi: You need to seek competent legal help; this is not a DIY situation. You husband may have an ethical issue with the CA bar for non-filing (your...

I hold title to my relinquished property in my single member LLC but can I purchase my replacement property under my other LLC..

Mr. Daymude gives sound advice. A tax-free exchange under Sec. 1031 is a complicated matter. There are practitioners that focus largely in that...

Am I entitled to Capital Loss on my Income Taxes due to the Tax Sale and Foreclosure of the Home post calculation of the Delta.

Hi: Sorry to hear about your situation. Unfortunately, and as Mr. DePaul has stated, generally personal losses are not deductible which would...

Property in Husbands Name. Rental Income in wife's name

Hi: You might also want to seek to transfer the property to an LLC; another issue to discuss with the mortgage company and counsel. The LLC can...

Does an S Corp pay tax on receipt of loan payments? Also, does an individual pay tax on return of capital contributions?

Hi: In 2008 the IRS issued final regulations regarding "open account indebtedness." The maximum amount allowed under these regulations is...