Archived
Can the IRS or an ex-spouse go after my income and assets if I marry someone who owes back taxes and has outstanding judgments?
Phillip's answer
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Answered on May 13, 2013
Yes, with a prenuptial agreement and you do not commingle your assets. The reality is that his rarely ever occurs between spouse because spouses...
Can the IRS take the money I get in a class action settlement for past due taxes?
Phillip's answer
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Answered on May 13, 2013
Yes. If the IRS has initiated enforcement proceeding such a lien or levy, and knows where the funds are located.
Good luck!
Phillip M. Smith...
Archived
CA C Corp: how to exit one out of two partners/shareholders?
Phillip's answer
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Answered on May 13, 2013
I sometimes cannot help but be amused when individuals post on AVVO in an attempt avoid "costly legal work." Have you determined how much it will...
Archived
I am currently in the middle of a divorce and I owe $12,000 in taxes. Does my soon to be ex gets to pay half?
Phillip's answer
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Answered on May 12, 2013
Unfotunately, I have to partially disagree with Mr. Nidich who apparently practices in Ohio. California is a community property state. The income...
Do I include my spouse's income on an IRS Offer In Compromise if we are estranged?
Phillip's answer
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Answered on May 11, 2013
You can. You should provide a detailed explanation as to why you are submitting an offer allong this with evidence that proves that you are living...
Does my inactive LLC become void after three years with CA Franchise Tax Board?
Phillip's answer
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Answered on May 11, 2013
There is no "automatice dissoluton" rule for LLC's Calfornia. The LLC is probably suspended for failure to pay the franchise tax fee. The entity is...
Archived
How do I file my S-Corporation with 3 different business DBAs under the S-Corporation?
Phillip's answer
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Answered on May 10, 2013
You need retain a good accountant to prepare financial statements for all three businesses, and treat them a divisions within the same company. You...
Archived
It seems logical to me that board members should not chat about board business to general public. Is there a law about this?
Phillip's answer
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Answered on May 10, 2013
If the non-profit is a public benefit corp. It is not as "logical" as you might think. Non-profit corps. are for the benefit of the public, and...
Archived
Is it a good strategy (for anonymity and asset protection) to have a New Mexico LLC manage a Wyoming LLC?
Phillip's answer
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Answered on May 10, 2013
You have not provided enough information. First, you have not indicated the business purpose of the Wyoming LLC. Second, you have not indicated if...
Archived
What are Ca-sdi wages?
Phillip's answer
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Answered on May 10, 2013
Was your "employment relationship" in writing. It should be, and this confusion would be cleared up.
Good luck!
Phillip M. Smith Jr.
Los...
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