Do I owe California taxes on 401k I had and dissolved while NYC residents?
As a California resident you owe taxes on your world wide income.
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
As a California resident you owe taxes on your world wide income.
Prop 13 means that your property taxes can only increase 1% per year. as long as you continue to own the same home So you qualify automatically. ...
Do not pay. As long as you took no money out of the LLC you have no personal liability. The April 30, 1990, State Board of Equalization decision...
If you are selling your principal residence for less than you paid for it than the answer is "no" you will not have an income tax on the sale.
Yes. The state of California has the ability to go after taxes for prior years.
The IRS has the ability to collect taxes owed by people in other countries. You should contact someone who handles offers in compromise. Try...
Either 50% member can dissolve the LLC. An owner gets that owner's share of the profits. However, the working owner is entitled to payment for...
Both amounts are over the amount that requires the filing of the IRS Form 3520. You must file it for the year in which you have actual receipt of...
You would want to sell the property while both spouses are on title to get the $500,000 exclusion of IRC Section 121.
You need to file an income tax return if you earn more than the minimum required for filing a return. That minimum is about $12,000 if you are...