Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
I agree with attorney Lowrey. Also, note the new rules regarding prorating the gain exclusion for the period of time you do not live in the home...
If you are going to run this business as a sole proprietorship and have no employees, you do not need a separate tax ID. You can file a schedule C...
Are you paying for the support of the kids? Did you have an agreement in the divorce as to who would claim the deduction? If you are paying for...
I agree with my fellow attorneys. This situation can get complicated quickly. There are potential gift tax issues if you are charging a below...
The proceeds from the sale will be reported, Each of you will need to take your one half share of the proceeds and report it on schedule D. On...
A tax attorney may be able to get the penalties abated for you. You may also qualify for a payment plan arrangement or an offer in compromise (pay...
Since you are married you should be claiming that you are married for withholding purposes. You can make this change by filing a new Form W-4 with...
If you get married before the end of the year you will need to file as married filing separately, or married filing jointly. If you file as...
The portion that you received as a property settlement in your divorce is not taxable. Any portion that you received as child support is not...
I agree with the other attorneys. You only get a half step up in basis under current law with title held in joint tenancy. However, if you take...
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