The FTB wants me to pay double the amount I offered in my OIC. Can I appeal, or what will happen if I cannot pay them?

Of course you do not have to agree with the revenue officer's proposal as to an offer-in-compromise. However, the procedure for an appeal is...

Who determines stepped up tax basis upon inheritance?

The taxpayer is supposed to determine the fair market value of the asset at the time of the death of the person from whom the taxpayer inherited...

Selected as the best answer

Inherited property capital gains tax?

Under Internal Revenue Code Section 1014 and the corresponding provisions of the California Revenue and Taxation Code, the property "steps up" to...

Selected as the best answer

Ex-wife is asking for my past tax returns to see if I made more money. Possible she will ask for more child support?

You need to talk to a family law attorney in Tennessee. My guess is that the answer is "yes." As long as the family law court has retained...

Was given $100 bonus at end of the summer. Bonus wasn't added to net paycheck, was added to gross pay prior to taxes taken out?

It is not tax free money. It is taxable income. Report it to the CPA who prepares your return.

What legal rights do assoc homeowners have if our common area was sold at a tax deed auction?

There are law firms that specialize in representing homeowner's associations. You should talk to the CPA firm that provides that financial...

Can anyone help with tax fraud/identity theft related issues?

The answer is that you should, as advised by the other lawyers, use the IRS taxpayer advocate for this help. You can also try to use the District...

Suspended Corp with IRS and FTB liabilities: best course of action to minimize them: abandon it (do not try to dissolve)?

An "S" corporation does not, by definition, owe taxes to the IRS. If there are taxes owed it is by you, as the shareholder, as your liability for...

Hello i like to know if i can change my itin credit to ssn after receiving my greencard

Yes, With a Green Card you can apply for a Social Security number.

My husband is on F1- opt visa and we need some help in filling our taxes

There are probably a 100 competent CPAs in San Mateo who could help you out. Get a referral from a friend, business colleague, neighbor or...