Immigration and Income Tax questions. Should I follow the instructions to get my State refund & if I do will I get in trouble?
Of course you should be concerned if you get a letter like that from the FTB. By all means respond and try to resolve it.
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
Of course you should be concerned if you get a letter like that from the FTB. By all means respond and try to resolve it.
California residents are taxed on their worldwide income and gains. And you get the benefit of your worldwide losses.
What do you do??? Hire a tax lawyer!!!!!!
Anybody can sue anybody for anything. The question is whether he can recover. If you tell the IRS that he failed to pay his taxes, he probably...
Damages are presumptively taxable income. There are a few exclusions, e.g., racial discrimination. Yours may qualify for one of the exceptions. ...
Taxed to employees on receipt.
Yes.
You have already had two excellent answers. In short you can't expect a W2 from an employer outside the U.S. But you will get credit for the tax...
The LLC is probably a disregarded entity so you can show the results on a Schedule C.
You have the ability to file an amended return. So your damages are going to be limited to the expense of the amended return. You should just...