I agree with Mr. Mitchell, but would add that when you register the truck at the California DMV, you may run into a challenge regarding the gift;...

Reducing property tax through shell non-profit corporation.

I would concur with Mr. Powe. You can also go to the Assessor's Office and find out whether he has received a Welfare Exemption from the County....

Got letter from Bank of America that they received legal order to deduct $4,036.22 from my account by IRS!

You have a short window of time to contact the bank and request that they put a hold on sending the money to the IRS. Once you do that, you need to...

Home based biz in CA but looking to possibly INC in another state to possibly reduce tax burden and stay anonymous..

Changing the state of incorporation will not change the fact that you are doing business in CA and must pay California income taxes. Also, please...

Domicile is an individual’s permanent home, the place to which the individual, whenever absent, intends to return.

Can I request a waiver of interest and fees from IRS if I never received a certified letter of intent to levy?

Although you can always ask, your chances of success are less than 1% in my humble opinion. I wish you the best of luck and please let me know if...

I recieved a judgement in a California court.The judgement was 100,000 non economic damages.Is my judgment and interest taxed?

Damages, other than punitive damages, that compensate an injured person for personal physical injuries or physical sickness are excludable from...

No; you need to find a tax attorney that can assist you with this question. Your specific facts are critical to any analysis and you have not...

Not usually as the IRS will be asked by the Judge as to whether the IRS wants to allow the taxes to be discharged. The answer is usually a flat...

Gifting money to my kids

The gist of what you have asked is true. You can gift $15,000 per child per calendar year and if married your spouse can give each $15,000 per year...