Parents transferring condo ownership title to me, what tax implications are present? Gift tax? Capital gains tax?
Bruce's answer
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Answered on November 27, 2013
Your parents can make a gift to you of $14,000 each per year without filing a gift tax return and paying a gift tax. If the gift excheeds that...
Archived
How much would be the % of sales taxes if I need to bring furnitures from Italy to California (Long Beach) ?not for personal use
Bruce's answer
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Answered on November 27, 2013
You have received the correct advice from Mr. Halverson.
Archived
What can I do with someone who filed my taxes without my permission?
Bruce's answer
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Answered on November 27, 2013
You have received the correct advice from Mr. Dallo. Go to http://www.irs.gov/Individuals/How-Do-You-Report-Suspected-Tax-Fraud-Activity%3F
Archived
Where should I file my dba - Los Angeles or the registered business address city? Thanks in advance for all help/suggestions.
Bruce's answer
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Answered on November 24, 2013
Since Messrs. Doland and Masnica have given you the correct direct answers to your questions, let me add some supplemental suggestions. Have you...
Archived
Tax filing implications
Bruce's answer
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Answered on November 24, 2013
You have my best wishes as to your divorce. Yes you can file jointly if you were married in 2013. Yes you can file as married filing separately...
Archived
Being a US-based self-employed and charging an entity in Germany for my services do I need to add any VAT to my invoice?
Bruce's answer
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Answered on November 24, 2013
The German VAT is 19%. It is taxed to the country of consumption. It is not your job to collect it if you are in the U.S.
Archived
I have a retirement plan I would like to liquidate. I also have debt with the IRS. Will the IRS seize the money?
Bruce's answer
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Answered on November 21, 2013
It is unlikely that the IRS will seize the money before you receive the funds from the retirement plan. However, it is possible that the IRS has a...
Archived
Owe state personal taxes, can I apply and get approved for a business license/tax certificate?
Bruce's answer
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Answered on November 21, 2013
You need to ask a lawyer in Texas. However, were that issue to arise in California, where I am licensed, the answer would be "yes."
Archived
Are there any tax or cost involved in my mother giving me her house..?
Bruce's answer
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Answered on November 19, 2013
You need to talk to a lawyer in North Carolina to find out if there are any state or local tax consequences. As for federal taxes, if the house...
Archived
Can I file single for 2013?
Bruce's answer
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Answered on November 19, 2013
Mr. Wagner, has usual, has given the correct advice.
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