What rules and exceptions prevail concerning the time limits for electing to be taxed as an S corp for a newly formed SMLLC.

The short answer is yes. However, you need to sit down with a qualified tax person and they can assist/explain how. As the other attorney...

Do i have to still payoff the balance of a car that was repossessed, sold, sent cancellation of debt form and now owe taxes for?

If the company cancelled your debt, collection should have ended. You would pay tax on the cancelled debt unless you were insolvent at the time...

In the earlier days of e-filing there was those who believed paper filing created the least amount of risk for audit and advocated the continuance...

I'm insured under Covered California, Obamacare. I'm expecting a gift of about $14,000... will this gift affect my insurance?

No. A gift generally is not reportable by you and would not be considered earned income. If ever questioned, you'll want to have a letter from...

How to get CA tax-exemption by filing federal exempt 1023-EZ after 27 months? Would denial of a 2nd 3400 application be fatal?

Unless you actually incorporated, your formation date may be later and the 27 month window possibly open still. If you did incorporate, you can...

What do i do or how do i report some one falsely using my personal info to file taxes with out my knowing it.

You can also call the number on the notice. Often times it can be cleared up right then if you did not have unreported income. If you did not...

If I withdrawal the amount that I was taxed on, will I be taxed again as an early distribution? Would I pay taxes twice?

If these funds were deemed distributed and you paid the taxes, they should not be/remain inside the retirement fund. At the very least, the...

Has my wife and her roommate committed tax fraud?

This does not sound like tax fraud. However, there are "support" requirements the other person would have to prove. Strongly suggest you have...

Is my wife entitled to any monies from my tax return from California?

Based on the information provided, HOH filing is not available for a 2015 filing. You must either file MFJ or MFS. Your wife, if filing a MFJ...

Would filing dissolution paperwork for a CA corporation require me to accept liability for the company's taxes?

You will likely not be able to file a dissolution without first coming into compliance as either or both the Secretary of State and Franchise Tax...