If i sell a home i was deeded do i have to pay taxes
If you inherited the house, your basis would be the fair market value of the property at the time of decedent's death. You pay tax on the gains...
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Federal Regulation
If you inherited the house, your basis would be the fair market value of the property at the time of decedent's death. You pay tax on the gains...
If he was a CPA, call the California State Board of Accountancy for assistance. They should have the address. If non-CPA, but was a registered...
You may keep it as sole proprietorship for now, until you decide to put more effort into it. Taxes will be schedule C, and hopefully, there is...
Your correct withholdings would be based on properly filling out an IRS form W4. Talk to your payroll department to be sure of accuracy of your...
Yes, you must file the returns accurately by amending them to reflect your true filing status. Good luck. Zaher Fallahi, Tax Attorney, CPA.
About 15 years ago, I established such an entity for a client. She was unable to manage it and went out of business. I remember her going through...
You may have a case against the seller based on fraud, misrepresentation, mistake, among other things. Remedy may be damages or recission, etc.....
If you wife and husband owned and lived in the property 24 out of last 60 months, you can exclude up to $500,000 of your capital gains from...
Regardless of what you do with the net proceeds, there would be tax consequences. You may get a foreign tax credit for the taxes you pay in Korea, ...
Work up a plan with DCSS to avoid their intercept. Zaher Fallahi, Tax Attorney, CPA.