I would follow up with a certified letter explaining the error and your honest effort to take remedial action, and you should be OK. I hope this...

Generally, they refer to money earned by the individual’s labor force. If one actively participates in selling stock, that may be such income....

Underpaid my employee. What should I do?

Although you may consult a labor law attorney, however, an honest mistake by a conscientious employer such as you, should not be a big issue. The...

What to do when relationships splits up but we have a property together 50/50 as joint tenants ?

Sorry about the trouble. I would consult a tax attorney and show her/him (Grant Deeds), your original costs, appraised value, etc., for specific. I...

You may have (1) gift tax return, (2) conveyance (grant deed) and (3) sale of property to a” related party”, etc. I would consult a tax attorney...

My child received money from a friend’s Payable on Death account. What must I do to place it into an existing custodial account?

Banks should have resourceful people you may trust and take their advice. Alternatively, you may call the local Bar Association for a lawyer or...

Can the mother of a child that I claimed on my taxes report me for tax fraud?

With respect to regular tax refund, if you both have agreed who should claim the child, that is not a fraud and is legal. Regarding Coronavirus...

Can I take legal action against Bank of America?

Rather than suing the bank, find out their reason. They must have become suspicions to your activity based on Bank Secrecy Act (BSA) and that is...

How can i deposit my tax refund check in my account only?

You need to secure your spouse’s cooperation, cash the check, and split it. I hope this helps. Zaher Fallahi, Esq, CPA (CA &D.C.). Disclaimer:...

Can I get UE as an independent worker?

Contact your state unemployment office. They established such program in California due to Coronavirus pandemic. I hope this helps. Zaher Fallahi,...