Archived
How do I cash out stock certificates in an estate? Do I need to worry about W-9 tax forms when liquidating stock in an estate?
Bruce's answer
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Answered on July 21, 2013
Mr. Zelinger has given you good advice. In California we have procedures to dispose of assets without going to the probate court if the estate is...
Archived
Tax liability of signing a quick claim deed on a 2nd home so my sister can apply for a reverse mortgage on NY property we co own
Bruce's answer
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Answered on July 21, 2013
As the other lawyer suggests, you should talk to a lawyer in New York However, my guess is that you can quitclaim the deed to your sister and it...
Archived
Can you deduct the cost of travel for a business associate?
Bruce's answer
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Answered on July 20, 2013
Messrs. Doland and Shultz have given you fine responses.
Archived
My nonprofit org. wired 20,000 into my personal foreign account in 2012. Can I declare my foreign account under nonprofit name?
Bruce's answer
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Answered on July 20, 2013
Messrs. Levy and Corrigan are outstanding lawyers. I am just scared. Therefore, I would file the FBAR and give the IRS the excellent explanation...
Archived
I started an LLC and never did any buisiness. The California FTB is seeking around $1,200 for back taxes from me. Am I liable?
Bruce's answer
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Answered on July 20, 2013
Mr. Devoy is correct. At least so far, the state of California has not (with the exception of cases like Appeal of Zubkoff and Potash, SBE...
Archived
Can I get the property tax payments returned?
Bruce's answer
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Answered on July 20, 2013
You should hire Mr. Murphy.
Archived
What if the house bought after I turn 59 1/2 is in the Self Directed Roth IRA, LLC? Do same rules apply for distribution?
Bruce's answer
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Answered on July 20, 2013
Messrs. Nielsen and Smith are superb tax lawyers, so you should hire one of them to help you because this is a difficult intellectual area and the...
Archived
What are the tax implications on sale of real estate property in Hong Kong where the owner is a US citizen and resides in US?
Bruce's answer
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Answered on July 20, 2013
Messrs. Shultz and Smith have given excellent answers. In short, the U.S. citizen must pay capital gains tax on the sale of the property. The...
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Archived
Why is there such a disparity in the USSG manual between (Part B: Basic Economic Offenses vs. Part T: Offenses Involving Taxes)
Bruce's answer
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Answered on July 20, 2013
The U.S. Sentencing Commission is an independent agency in the judicial branch of the government designed to advise and assist Congress and the...
I filed to dissolve my California LLC and the status now says "CANCELLED"... Does that mean fees and taxes no longer accrue?
Bruce's answer
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Answered on July 20, 2013
If you do not pay the minimum franchise fee of $800, the state cancels the right of the business to operate in the state of California. So if you...
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