Is there a tax penalty for selling two houses held in trust in one year in Calif.?

There is no penalty per se. And if your primary residence meets the criteria, you may had a $250k ($500k for married couples) deduction on any...

Selected as the best answer

Filing of LLC Taxes

I presume that all of the "profit" went to the friend who is running the company. You will probably want to file the returns for the company and...

I purchased a vehicle and didn"t get all the money for the for the down payment so I put a stop payment on the check.

I suggest you get the car back to the dealership. You have not provided all of the information, like what you did with the car and whether you...

Can u recommend an Appellate lawyer to handle my SD Civil case for the 4th District Div.1?

I have handled many appeals but do not specialize in them. My offices are in Del Mar and my cell number is 760-809-0850 if you want to call and...

What rights do I have against someone who is filing a frivolous lien?

Does your contract with the prime contractor require him to keep the property lien free as to his subs? If so and a lien is filed (even where no...

The top of the kitchen cabinets is the ceiling which is unsealed asbestos. We are concerned about hazard.

This is not really a legal one. Of course you could have a company come out and test the ceiling material so you will know. You can ask the...

What options do I have since I cannot afford to pay a retainer right now & I know I need a professional to handle this?

You may be able to find pro bono representation but it is more likely that you can find an attorney who will represent you with a lien on your...

Real estate tax question:

You should appeal. But the inquiry will be what is the true value of the property, not what you paid for it. A good faith arms length purchase,...

CA BOE tax bill for online cig purchase..Do consumers owe or the company that sold them tax free?

The use tax is owed. But I would want to review the statute of limitations on this to see if it is still collectable (obviously I have not or I...

Company hired to repair roof is billing me for items/work that did not occur. threatening to place levy on my home...

The question you asked was whether you have to pay for the work the contractor did perform. The answer is yes, but . . . it looks like you may...