Archived
Does the cost of living in another city in search of a job or a business count as deductible startup costs in tax?
Orlando's answer
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Answered on April 05, 2015
Job hunting expenses are one thing and business startup costs are another.
Job hunting expenses may be deductible as a miscellaneous deduction...
Archived
When one files state taxes, do they claim exemptions?
Orlando's answer
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Answered on April 05, 2015
There are Federal personal exemptions and also California exemptions. They are of different types and amounts and come into play in different...
Archived
Which has more benefits for a non-profit, Inc, LLC or Corp?
Orlando's answer
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Answered on April 05, 2015
An organization that achieves "exempt" status (non-profit, as you called it) must not have any of its operation, inure, or benefit any particular...
Archived
Any creative strategies or loopholes to circumvent prop 13 reassessment in a lawful manner
Orlando's answer
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Answered on April 05, 2015
http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm#1
Here's all the information on exclusions from reassessment upon transfer.
Archived
When would intangible assets of a Canadian corporation become "US assets" for IRS purposes, and are there treaty considerations?
Orlando's answer
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Answered on April 05, 2015
You stated those intangibles are listed in your Canadian corp's books, thus owned by the corporation
The more interesting question is whether...
Archived
Do I need a prenup?
Orlando's answer
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Answered on April 05, 2015
You mention a home as your main asset of concern but there are others that will become an issue in the context of a dissolution. Some of the...
Archived
Do I need to file back tax returns?
Orlando's answer
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Answered on April 05, 2015
You do not state what type of non immigrant visa you have, and that is critical to ascertain whether your days "in country" count (or not) toward...
City Of Los Angeles RMS Tax Discovery Unit: Estimated Assessment Letter. Can I avoid penalties?
Orlando's answer
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Answered on April 05, 2015
Are you doing business in the City of Los Angeles? It seems that your business was identified through the Revenue Management System (RMS), a...
Archived
Can I report my Vehicle License Fee/ Registraton Fee on a leased vehicle for a tax deduction? I am leasing for
Orlando's answer
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Answered on January 28, 2015
You must have paid or incurred the fee, and it must be a "personal property tax".
It is deductible if it is a state or local tax that...
Archived
Can an EDD auditor suspend a tax audit, for either a definite or indefinite period of time, without the taxpayer's consent?
Orlando's answer
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Answered on January 28, 2015
Given that the exam does not require the consent of the taxpayer, the EDD can "suspend" or delay the exam as it sees fit. The taxpayer does not...
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