Archived
Tax Question - My daughter is getting a settlement through mediation for a sexual harassment claim. Is this taxable?
Bruce's answer
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Answered on July 13, 2015
It is possible that the claim might be excluded from taxable income since it involves discrimination. However, that will require careful analysis...
Archived
Foreigner transfers large amount to own account in US and then pays U.S. citizens - gift tax?
Bruce's answer
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Answered on July 13, 2015
Donees do not pay gift tax. Only the donor pays gift tax. The donees however have to file an IRS Form 3520 depending upon the amount of the gift...
Archived
Can i still claim my ex as a dependant on my taxes?
Bruce's answer
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Answered on July 12, 2015
It sounds like the answer is "no." You can read the rules at http://www.irs.gov/publications/p501/ar02.html.
Archived
Can I gift a $370,000. house to my son and his wife as part of my lifetime $1,000.000. exemption?
Bruce's answer
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Answered on July 12, 2015
You are referring to the $1,000,000 exemption from property tax reassessment. That is if the property is not your principal residence. If it is...
Archived
How to plan our move to avoid California State Income Tax in 2016?
Bruce's answer
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Answered on July 11, 2015
If you want to avoid California resident status for 2016, don't move to California until 2017.
Archived
Should my mother in law add my wife and I to the title using a Quit Claim Deed? Will we have to pay federal gift taxes?
Bruce's answer
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Answered on July 11, 2015
First, there will be no gift tax due unless the gift from your mother-in-law is greater than $5,430,000 (including her prior taxable gifts). In...
Archived
U was let go of my job in Feb 2015 filed for unemployment and I guess my boss was not paying taxes. I had photocopys of my
Bruce's answer
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Answered on July 10, 2015
You should contact the Legal Aid Society of San Diego at 877-534-2524.
In California, Is there any way to appeal my property tax base year value after the 60 day deadline?
Bruce's answer
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Answered on July 10, 2015
Yes. You can always file an appeal with the assessment appeals board on a prospective basis. You may simply have lost the ability to argue about...
Archived
Can we dispute EDD's penalties for our Payroll Provider's negligence?
Bruce's answer
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Answered on July 10, 2015
Mr. Halverson, an extremely bright tax lawyer, has given you an excellent answer. Why don't you hire him?
Archived
Are taxable benefits funded by a third party considered taxable?
Bruce's answer
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Answered on July 10, 2015
Mr. Souza, an extremely bright man, has given you an excellent answer. If you are receiving $60 of benefit then you have $60 of income.
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