If a couple's only asset is their 150K house, how can they sell it and distribute the $ to family without showing that they

When they had the house they had the asset. It is just being converted to cash. Therefore, the asset was not held for a short period of time. If...

An unsigned will is not a valid will. Without a signature it is as if they were never prepared. You will need to probate the estate as intestate...

I am the trustee for the Special Needs Trust for my older disabled sister. Both of my parents have recently passed away. The ass

Believe it or not, this is an extremely complex question. A trust has a life of zero for tax purposes. However, there is a way to use the life of...

Unclaimed property found in CA in mom's name, will it go to Step-mom even though my father died in 2008?

The first question to determine is whether this property was community property or separate property of your mom when she died. The next question...

Are beneficiary tax benefits the same if family property is placed in either an irrevocable or revocable trust?

This is a complex estate planning question and you should consult with an attorney to review your entire estate situation to make a proper...

How does one file taxes if one is an illegal alien?

You can apply for a TIN to file and pay your taxes. You should then file your back tax returns. You should consult with a tax professional to...

House credit tax pay back

I will assume this is the 2008 First Time Home buyer Credit since you have to pay a portion back. This is how the 2008 credit was structured. The...

What is the difference between state tax lien, and notice of levy from CA franchise tax board on an entity, LP, that closed?

The State Tax Lien is a lien against the entity for the tax that is due. This puts third parties on notice that if they owe you money, it is to be...

How can I challenge the revocation of my company's tax exempt status?

This is a complex issue that will best be handled by an attorney representing your interests. You may also have your status revoked by the IRS.

Are we still personally liable to pay CA franchise tax board &EDD ? It was under LP & C Corp. It went out of business 3 yrs ago.

This depends on what happened in your bankruptcy. Typically, you will remain liable for any fiduciary taxes such as payroll or sales taxes as a...