When you filed the initial Form 1041 you elected a calendar year. To change from a calendar to a fiscal year requires approval from the IRS. ...

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Child Support and Parenting Time Order - Shall be entitled to claim child on taxes?

Ask your ex to complete a Form 8332 releasing the deduction to the non-custodial parent. Then take the deduction and attach this form to your...

How to calculate actual tax rate?

Your total federal and state taxes divided by your income is your effective tax rate. The rate that you effectively pay. Your marginal tax rate...

Tax lien

If you are not entitled to the check you should not cash it. The County can sue you personally for the money plus interest if you do not return it...

Paying sales tax to state

You should contact the SBE (State Board of Equalization) and get a resale license. Your vendors can then sell to you without charging you sales...

Is their a stue of limitaions for theft to the irs

The statute for criminal tax fraud is 5 years. This is clearly tax fraud. You should file amended returns to correct your filings. It would be a...

It is typical for the trust to be required to pay the taxes on income earned prior to distribution to the beneficiaries. The fiduciaries...

Should I pay my 2009 property taxes?

Property taxes are typically a lien against the property and do not create personal liability. Check with local counsel to make sure that this is...

What options are best form minimizing tax liablity for a beneficiary of a trust?

When you inherit the property from the trust as the beneficiary the taxes should already be paid. You will only be responsible for the income tax...

Can I take ex-wife to small claims court?

On a joint tax return you are jointly and severally liable for the tax liability. You may have been able to claim innocent spouse relief on the...