Beverly Hills, CA
Tax Lawyer at Beverly Hills, CA
Practice Areas: Tax, Chapter 7 Bankruptcy ... +8 more
What is meant by the word "cumulative" is whether the total value of all the accounts exceeded $10,000. For example, if you had three foreign...
Whether the beneficiary had any obligations for the years prior to the owner's death may depend on how the account was set up: whether the...
If you are a recipient of inheritance, then there would not be tax imposed. However, there are certain reporting requirements attributable to gifts...
As stated in the response above, the IRS can levy on the Social Security benefits. I'd like to clarify, however, a point about your wife. Aside...
Both agencies, the IRS and the FTB, may periodically review the temporary uncollectible status. If you receive an inheritance, your state and...
I'd like to add one more thing. Aside from the estate tax implications, there may be a required to file an FBAR (Report of Foreign Bank and...
No, it's not too late. Depending on the notice, you still may have appeals rights as well. If it's a Final Notice of Intent to Levy, the taxpayer...
Taxation of the proceeds received subject to divorce differs based on the nature of payment. Property settlements subject to divorce are not...
No, you don't have to pay tax. Gifts are not taxable income. Your parents, however, may be required to file a Gift Tax Return and report the...
A federal tax lien is not self--enforcing. However, if the IRS issues a levy to enforce its lien to your pension plan, they can get to your...