If I transfer half my house to my daughter, would she be able to retain Prop 13 in California when I die?
Why half? What do you see as the benefit of a partial transfer now?
Long Beach, CA
Tax Lawyer at Long Beach, CA
Practice Areas: Tax, Patent Application ... +9 more
Why half? What do you see as the benefit of a partial transfer now?
You may also find that your federal refunds may disappear. Penalties and interest would be significant for 5 years. You can request abatement...
a 1040X can be used to amend returns.
If they investigate him and extract funds, he may not have enough to pay his arrears.
Negligence? As to racial profiling, are you prepared to abstract and statistically test the racial profile of the last year's arrests both...
Terms of the trust may have it paying the tax before distribution or not. Most will arrange to tax it to the recipient in order to take advantage...
Tax Lien/Deed sales vary from state to state. Check your state. If you buy the tax deed/lien, you stand in the state's priority for that time...
Claiming usually requires >50% support. Refunds are a function of how badly you have planned your withholdings. You didn't state that any of...
What would be your measure of damages? How forseeable was the exact error committed?
If the change is small, why not take your old return and do the corrections, make a copy and send it in? You are making a decision on "discounting...