Inheritances are generally not taxable; and, it is highly unlikely that the IRS will levy the funds if you avoid putting the funds in your bank...

Based on your inquiry, I assume that you did not file a tax return in 2004, 2005, 2006 or 2008. There is no statute of limitations for an...

Below is the exception to the requirement to file form 1065 and is included in the IRS instructions that accompany Form 1065: Except as provided...

Levies can be reversed if you get on the phone and call the FTB within 10 or 15 days and can prove the levy has created a hardship, e.g., cannot...

The FTB has the authority to garnish wages when taxes are owed. It is their way of getting your attention. If you call the FTB right away, you may...

Yes. Supplemental tax bills were created by the Assessors to ensure that buyers of realty paid the applicable Prop 13 property tax from the day...

I cannot respond to your questions about your realtor's or the title company's responsibilities as my practice is limited to tax. Many people are...

I agree with the other attorney's response but want to explain what a step up in basis means. When you inherit realty from another, the property is...

An individual may exclude from gross income up to $250,000 of gain ($500,00 for joint return filers and surviving spouses) realized on the sale of...

You are responsible for personal property taxes that are due annually from the date you bought the boat through 2025. Although the Assessor can go...