I am based in California. I am looking into opening a virtual assistant office in the Philippines. Do I need any special licence

Since you operate your business out of California, you will be to obtain any California state and local licenses. In addition, you should find out...

I owe a lot of back taxes and I've suddenly stopped receiving letters from the IRS and California FTB for the past year. Why?

The files may have been misplaced somehow. They wouldn’t forget you. Chances are that they will get back to you. The information presented herein...

Which type of business entity would be best for an Auto Specialist Repair and Restoration Shop in California?

You should consult your CPA ( one who has access to your returns and tax records) for whether file married filing jointly or separately....

I am going to pay $18,000.00, lump sum, to buy my wife out of my pension. Am I allowed to deduct this dollar amount on my taxes

What you describe is part of a settlement and not tax deductible. The information presented herein is for general purposes only. It is not intended...

Cosigning requires pledging assets. Find out if citizenship is necessary, it may not be. Good luck. Zaher Fallahi, Tax Attorney, CPA.

I accidently signed power of attorney after my Dads death.

A power of attorney expires at the time of principal's death. You forgot to ask your question. Good luck. Zaher Fallahi, Tax Attorney, CPA.

What taxes will have to be paid when receiving $700,000 from my parents from Vietnam to buy a house?

Lucky, you. You may be subject to informational filing requirements and no tax. Consult a local tax attorney. Good luck. Zaher Fallahi, Tax...

Can I subpoena tax returns from the tax preparer?

No, if you filed married filing separately. Your family law attorney may request a copy from her lawyer. Good luck. Zaher Fallahi, Tax Attorney,...

Do I have to pay personal taxes money I borrow then loan to my own partnership at 0 net income?

Yes, the loan you mentioned seems to be a personal loan, but it may increase your basis or capital in the partnership and provide you with with a...

Employment Questions

The HR department uses the IRS form W4 to determine your deductions. Therefore, it is important to make sure the box 5 on the form is done...