Do we pay state tax for the first quarter in CA, if we move to WA state March 31? Could CA say we changed address to avoid tax?

Follow the advice Mr. Givner to review the FTB's guidelines for determining residency set forth in Publication 1031 and obtain the advice of a tax...

Can I claim one dependant for my 2 year old son when filing for my taxes?

She's the only one entitled to claim your son unless she consents to you claiming him. Because your child lives with your ex girlfriend (his...

A/B Trust - Does the irrevocable Trust (when split) need to have the full amount of cash in it?

Please follow the advice of attorney Michael Daymude. How and when the assets of a trust are divided up can have adverse tax consequences,...

Can our father change executor-trustees to his and our mother's living trusts while our mother was incapacitated w/ Alzheimer's?

I agree with attorney Symons. You need to have an attorney review the trust, as well as any other estate planning documents that your parents had...

Can I donate and deduct (FMV) items I receive as a gift, on my federal tax return?

You can take a charitable deduction for property you donate that you received by gift or inheritance. Generally, your deduction would be...

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I am located in California. Is it possible for an attorney from out of state to assist in drafting a will or trust?

He may or may not be able to prepare a will or trust for you that will do what your want. However, unless he is licensed to practice in...

I am the trustee and beneficiary of a property that is worth about 350.000 dollars if I sell do I have to pay gift tax?

Selling the property will not cause you to be liable for gift tax. When the property is sold, you or the trust may have to pay capital gains tax...

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Aged parents with MD diagnosis of severe dementia have living trust. Successor trustees trying to get a reverse mortgage.

You are dealing with a bank. The bank is being overly cautious as a Trustee is not required to have such to obtain a loan. The lenders, though,...

My deceased husband filed our taxes jointly and left behind a large tax debt 3 years ago. I was not aware of this.

You should review this matter with a tax attorney, CPA or enrolled agent experienced in representing taxpayers before the IRS in this area. Last...

I'm 71 on Social Security in California. I haven't filed income tax for years as I am low income ($1,500 a month). I take care

Initially I would agree that the payment of the tickets would probably be consideration. However, upon further reflection, you may be entitled to...