Do I owe back taxes to state of California franchise tax board after 16 years ?
Income taxes can only be owed back for 8 years, unless it was criminal. Sales taxes also have an 8 year statute of limitations. Of course, if the...
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
Income taxes can only be owed back for 8 years, unless it was criminal. Sales taxes also have an 8 year statute of limitations. Of course, if the...
If you have a sole proprietorship you should file a Schedule C. I do not know what you mean by the property is being claimed as exempt.
Yes "S" status is terminated immediately if the owner is a non-resident alien. Yes the IRS should be made aware of the change.
Yes a non-resident alien can set up a trust in the U.S., including California. There might be a tax on the transfer of property to the trust,...
The owner of the property, if that person pays the items, can deduct them.
Your tax obligation does not give the IRS the ability to take someone else's tax refund.
It is OK to pay the corporation's taxes using your personal funds. Your payments are capital contributions to the corporation. Make sure you do...
Selected as the best answer
You should talk to a title company to see if they will issue a title policy giving you clean title. The title company's report will show you what...
Yes. You were unjustly enriched, so you owe the money back.
If you are resident in the U.S., legally or not, you have an obligation to file an income tax return to report your income. If you have no proof,...