Archived
Are payments of interest and/or profit sharing to those investing into business tax deductible for such business?
Michael's answer
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Answered on June 24, 2015
I would say no because it would be either a dividend or a return of investment. If the investors loan money to the business and the business pays...
Archived
Before adding someone to the title of my car, can I write a contract that req. them to take their name off at some later time?
Michael's answer
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Answered on June 23, 2015
Although unusual, you probably could do this. You would want to hire an attorney to draft the contract with the required indemnification...
Archived
Are text messages acceptable;e evidence in civil harassment cases?
Michael's answer
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Answered on June 23, 2015
The accuser will have to prove that you sent threatening messages. In order to do so, he or she will need to produce the phone with the messages. ...
Archived
What are normal options once an IRS federal & State tax lien has been attached to a public record.
Michael's answer
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Answered on April 29, 2015
That is good you filed your taxes, however you will most likely to have to pay interest and penalties for any tax due. The IRS and FTB are the...
Archived
Property taxes
Michael's answer
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Answered on April 29, 2015
I agree with the other attorneys. First, I would check with the assessor and ask the clerk who is shown as the owner of the property. It could be...
Archived
Convert LLC into C Corp Tax issue
Michael's answer
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Answered on April 29, 2015
When you convert one business entity to another like this, you will have two filing requirements. The LLC will have to file a final return, and the...
Archived
If a dissolution of my llc is done. How do I record it because my property held in llc is at the recorders office at San Fran?
Michael's answer
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Answered on April 05, 2015
You should transfer the property prior to terminating the LLC. The operating agreement should provide you with guidance in regards to who has to...
Archived
Real estate agent violated mls showing instructions in California and are offering to compensate. What should be next steps?
Michael's answer
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Answered on March 23, 2015
There simply aren't enough facts to provide a response, and this is a more particular question that you should bring up with a real estate...
Archived
Tax/payroll question
Michael's answer
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Answered on March 23, 2015
I'm not sure what you mean by putting yourself on payroll. If you are a sole proprietor and don't form a corporation or LLC, you can't be on...
Archived
Mother died May 30. My brother is executer. House is 4 way split (my daughters, me and brother) trust stipulates we live here...
Michael's answer
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Answered on March 23, 2015
You need to talk with an attorney. An executor only takes care of matters governed by the will. More than likely there is a trust involved. If...
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