The Trustee took all my profit and now accountant says I am responible for income tax??
Based on the facts presented, this sounds correct. You are responsible to pay tax on profits. Disclaimer - This response does not constitute...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Based on the facts presented, this sounds correct. You are responsible to pay tax on profits. Disclaimer - This response does not constitute...
You are still ultimately responsible for the return that you submit. When you sign the return you accept this as the case. It is possible that if...
Typically, your preparer is only responsible for the penalties and not interest. Disclaimer - This response does not constitute legal,...
Unfortunately, your bookkeeper is not correct. You can have income from debt relief. When you pay back less than you received on a loan, as in a...
First, you need to find out where you are in the process with this problem. Are you in audit, collections, appeals? Then you need to talk to the...
You should not owe any tax from the money you receive. The estate is responsible to pay all taxes, if any. Disclaimer - This response does not...
These facts indicated a situation whereby you need to take immediate action. You need to hire an attorney and petition the probate court to have...
When I draft my agreements I take this eventuality into account. First, check to see if your guardianship paperwork does. Or, was this a court...
Yes. They can no longer do an unlawful detainer to get possession of the premises, but they can sue you for damages. Disclaimer - This response...
They cannot do this. They need to file an unlawful detainer action and evict you through the court. The court will give a move out date. On this...