It is very important. Failure to properly put money into the business can create all sorts of issues down the road. Piercing the entity by...

The college I attended is trying to garnish my tax returns. Can they do that?

Ask them what authority they have for their position. I agree with the other statements here. On another factor they are probably trying to...

My wife used her inheritance money for downpayment on house during first marriage. It was refied into our name when we married.

This becomes a fact based scenario. The more that you can show that payments came from your earnings to or from community earnings the greater...

Can the DMV levy my checking account for an unpaid check written in 2005?

Yes, they can. Call them up they are more helpful than you think. (I don't often say this). It is probably they sent the prior address to a...

I need help with a tax problem. I understated my taxes in 09,10,

If you know that you have not reported all income then you must file amended returns. I recommend that you file amended returns and soon as...

I formed a single member llc in 2008, was in business for 6months, filed for personal chapter 7 in 2011. Tax ?'s

There is a law that prohibits the FTB from going after your personal bank account or assets for an LLC franchise fee, unless a member has taken...

Can a used car dealership ask for more money for license fees after the contract was signed for a certain amount?

Very likely they are able to do so. It is that very tiny print that allows it to to do so. It must be in the contract. It is very likely that it...

What would happen not showing the savings account when doing taxes?

Was the question to determine if you received interest from a savings account? That could have been it. You must report your interest.

Business Landlord keeps calling me and harassing me about the rent when I am not on the lease agreement is this legal?

If you are not on the contract the landlord can not legally pursue you for collection. So don't pay attention to his demands. He is wasting his...

A client is refusing to ship our equipment back to us. No signed contract but proof of agreement in emails and texts.

It is fairly simple to revive your corporation. It just takes a little bit of time in some money. During the interim you can pursue them for your...