Can I not be held responsible for these penalty accruing unsecured property taxes.

Generally, people will not be held personally responsible for such taxes, and the underlying property is The information presented herein is for...

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Do I need a partnership contract? How should the contract layout? Should I consider LLC for our business?

Consider establishing an S corporation and splitting the stock among all owners. The information presented herein is for general purposes only. It...

Should this organization register for public purposes or charitable purposes?

Sounds like you will be a public charity and 501(c)(3), and complete the IRS form 1023 and FTB form 3500. The information presented herein is for...

Additional distribution may be compensation for other services, or be returned to the corporation. Review the K-1 for appropriate distribution. The...

What should the basis for depreciation be for a rental property I "bought" 50% of?

There is a bit technicality here and you should seek local tax attorney advice. The information will become very useful when you dispose of the...

Do I owe capital gains on this stock, or is this law still in effect?

As my colleague stated, the law is still in force. The information presented herein is for general purposes only. It is not intended to, and may...

Form 4868 , pending SSN . How to fill on line 3? Please help!

This is a repeat. Put down "Applied For", as suggested by my colleague. The information presented herein is for general purposes only. It is not...

If Spouse's Ssn is pending , what to fill on form 4868 ?

Put down "Applied For", as suggested by my colleague. The information presented herein is for general purposes only. It is not intended to, and may...

Do I need to send in corrected 2014 State tax return form and documents although I have received the return check?

The FTB computers do not check the SSN as accurately as the IRS does. The refund will not change. Make sure to correct it the next year. To be on...

Should I file my taxes for the year 2016 as being single or married filing jointly?

The term seems like is showing the end of your marriage was March 1, 2016. You may be mistaken about Oct 20, 2016. Probably, it is 2015. Therefore,...