Will it be necessary to file a capital gains state of California tax return for a home sale by a living irrevocable trust?
Kaye's answer
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Answered on August 18, 2025
You need to engage the services of an expert probate & trust law attorney to review the trust document and advise you. In most cases, it is good...
I got serve saying I have been sued for back city taxes what is the process
Kaye's answer
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Answered on August 18, 2025
Most city tax debts are not large enough to justify the expense of hiring an attorney or CPA. I recommend calling your city tax department and...
Are Foreclosure Surplus Funds Taxable?
Kaye's answer
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Answered on August 18, 2025
Without knowing more facts, one cannot say for sure. But the surplus funds probably represent your equity in the property, rather than capital...
Withdrawals from NY 529 direct plan and 1099?
Kaye's answer
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Answered on August 18, 2025
You should consult an investment advisor. They are really up-to-date on the rules concerning 529 plans, as it is in their financial interest to...
I OWN TWO BUSINESSES BUT THEY ARE UNDER THE SAME EIN AND I OWE PAYROLL TAXES? ?
Kaye's answer
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Answered on August 14, 2025
Your situation is far too complex for any kind of meaningful answer in an internet forum such as this one. You need to sit down face-to-face with...
What can i do?
Kaye's answer
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Answered on August 12, 2025
"The definition of insanity is doing the same thing over and over and expecting different results." . . . A. Einstein. ...
Tax liability?
Kaye's answer
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Answered on August 12, 2025
If your tax debt is only $8500, and you only paid the tax firm $133 X 6, and they got you into CNC status, consider yourself lucky. Most tax...
Will new rule from DOJ about Tax mistakes really can denaturalized citizens?
Kaye's answer
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Answered on August 10, 2025
Tax fraud is becoming another area of inquiry by DOJ in their efforts to revoke citizenship status. If you have committed tax fraud, you engage...
Can IRS come for or claim for any undisclosed income prior to 2005?
Can IRS audit for Returns filed prior to 2005?
Kaye's answer
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Answered on August 10, 2025
IRS generally has only 3 years to assess additional tax after an income tax return has been filed. However, if the understatement of income is...
Can the IRS claim my pension when I start to collect it and from a real estate asset when I sell it?
Kaye's answer
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Answered on August 10, 2025
Nobody can answer that question without a lot more information. As a general rule, IRS has only 10 years to collect a tax once it is assessed. ...
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