Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
When you receive the proceeds from a life insurance policy their is typically no income tax on the proceeds received. However, the amount of the...
CA taxes on a world wide basis, so you would have to include this income on your return as you did. If other states require you to pay as well you...
You should file an amended return and include this item in income. You will be charged interest, but may be able to abate the penalty for...
To claim the first time home buyer credit, all buyers must be first time buyers. That is, not owned a home in the last three years. If you do not...
Sounds like you will be working full time as an employee and not be part of the sole proprietorship anymore. As an employee, you will pay your...
If your rental property goes through a foreclosure and you do not repay the debt in full you face income from debt relief. There are possible ways...
The IRS lien in not in first position to a secured lien (mortgage) on a property that was recorded prior to the IRS lien. In this case, the secured...
I will assume that your grandmother died in 2009. It does not sound like you will owe any Federal Estate Tax from the facts that you present. In...
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