My wife is now on the board of directors for an incorporated family farm. Can she be persued for any liability claim?

Normally Directors of California Corporations are protected from suite by the "business judgement rule" which means that a director's business...

The Franchise Tax Board has placed a levy on my bank account. Is it best to contact a lawyer or a CPA

Contact a professional for sure who has experience with dealing with the FTB. The professional should also have tax preparation experience that can...

I HAVENT FILED A TAX RETURN FOR 25years

Is there a question here, or are you just bragging>

Whats the best corp to open in California?

You have not provided enough information to secure a decent answer. What type of website are you starting? Will you be selling goods, services or...

The IRS puts many taxpayers into the “Uncollectible Status” category or classifies them "Currently Not Collectible" (CNC) every year. This status...

Contact the Taxpayer Advocate's office at 213-576-3140, or you can also call the Taxpayer Advocate Service toll-free at 1-877-777-4778, or fill out...

Selected as the best answer

I have just been elected a President of a Non-Profit. They want to write in the BY-Laws, Postion Term: "President for Life'

Attorney Murillo is absolutely correct. You are president of a Non-Profit. Corp. In most instances Non-Profit. Corp.'s are for the benefit of the...

I am considering creating an IRA LLC, so that I can have checkbook control. I plan on investing in CA.

The self-directed IRA can invest in the LLC, and the income from the LLC is tax exempt when reported as income by the IRA. This is a highly...

Is an LLC the best corporate structure for a non-resident owner of a performing property?

You are correct that an S Corp. will not work. An LLC will work. You have not indicated what state the property would be purchased in which could...

Can I make an accelerated 50% payoff of a civil penalty?

I do not think it is possible. You only option is the OIC route. Are you aware of the IRS 's new policy on OIC's? Check out my legal guide on the...