How can I cash income on K1 form?
To be clear about the facts, consult a local tax professional. Good luck.
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Federal Regulation
To be clear about the facts, consult a local tax professional. Good luck.
If the settlement is for unpaid compensation, they issue W-2 or 1099. Have your lawyer consult a tax attorney before signing the agreement for...
Receipt of foreign gift is not taxable, but must be reported to the IRS if the total gift exceed $100K during the year. Consult another attorney on...
File an amendment return, and explain the reason. Good luck.
Call both IRS and FTB and give them your correct address, and ask for waiver of penalties, if applicable. Good luck.
Non-taxable to you, but father is required to file a gift tax return. He may no pay taxes either, unless his life time gifts exceed the threshold....
You should consult your lawyer to find out if the compensation was for personal physical injury or anything that me excludable for tax purposes....
Sounds like they are reclassifying you from an outside contractor to employee. Or, they have been audited and lost the case. Ask the employer to...
You seem very sophisticated, why didn't you bring this up when he didn't do job right. If you know more than he does, why would you pay him. Are...
There appears to be a confusion about the 2 out of the 5 year rule and the partial exclusion. If I were you, I would consult a local tax attorney...