The partnership in question has prevailed in court and received a judgment. the check has been sent to the attorney.

You have not indicated the nature of the dispute or how it affected the partnership which makes impossible to accurately answer your question....

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Legal Advice on whats the laws on personal property being sold regarding income taxes?

You are required to pay income tax and sales tax on your sales.

We are the majority of the congregation and we don't wanted to fight and argue with the minority claiming themselves as owner

You probably have no rights. The church owns the assets that you donated. Hope this helps! Law Offices of Phillip M. Smith Jr. Inc. 300...

This question is probably inappropriate for AVVO because you have an "an on-going legal situation" which, if it involves legal representation...

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Can I switch from a corporation to an LLC with a statement of information?

You cannot switch business entities by merely filing a Statement of Information in California. You can either terminate the entity and create a new...

What is a "basis step-up"?

Fair market value at the date of death. In most cases, when an asset is passed on to a beneficiary, its value is more than what it was when the...

Do I need a tax attorney?

The simple is yes. You need to present the letter to tax professional who can communicate with the IRS on your behalf. You have presented scant...

Am I obligated to file the LCC annual return to bring it current? What are the consequences if I don't?

You received the correct legal advice. from the attorney you spoke to. The FTB will not come after you personally for the fees/penalties of the...

Filing Taxes for 2012

You can always file a tax return. in some instance, you can qualify for an earned income credit, or renters credit or some other refundable credit....

We formed a Delaware LLC thinking there would not be a lot of extra fees and permits even though we live and do business in Cali

Yes, it is better to have only have an LLC in California if you are required to do business in California and save the fees in Delaware and avoid...