I am selling my home and holding the mortgage. The buyer owes the IRS for back taxes.
Generally, first in time is first in line. Therefore, if you record your lien prior to the IRS lien, you should have priority. Check with a...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Generally, first in time is first in line. Therefore, if you record your lien prior to the IRS lien, you should have priority. Check with a...
There is no immediate taxable event when the property is transferred to the LLC. Section 712 of the Internal Revenue Code provides generally that...
Yes this is income since he is not personally responsible for the debt. He should receive a 1099. Any individual seeking legal advice for their...
I will just address your tax issues. You may have a malpractice claim against your tax preparer. You can request a copy of the filed tax returns...
I agree with attorney Lowrey. If fraud is involved, there is no statute that applies. If their is a misstatement of 25% or more, the IRS can go...
She wins. The LLC is a separate legal entity and requires its own EIN number. Since it is a single owner LLC it is a disregarded entity for...
You can now gift $13,000 per year as your annual gift tax exclusion. You also have a $1,000,000 life time exclusion for gift taxes over and above...
If you are under 59 1/2 years old you will be subject to a 10 percent penalty, and will have to pay income tax on the money you take out of the...
Your company can require you to wear a certain "uniform" for work. The voucher that you receive to pruchase the jeans is taxable. The presumption...
Your company can require you to wear a certain "uniform" for work. The voucher that you receive to pruchase the jeans is taxable. The presumption...