Sacramento, CA
Tax Lawyer at Sacramento, CA
Practice Areas: Tax, Government, State, Local And Municipal Law
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...
Yes; you have to report it. The federal and state taxes will depend on your tax bracket and your deductions and exemptions. I can only offer an...
You are correct that things have changed in the past year regarding independent contractors and employees. Just look at the Dynamex Operations,...
There is no gift tax applicable to you, the donee. The donor, however, must report the GIFT to the IRS unless the gift is exempt from such...
If the worker worked and lived in IL for all of 2017 and 2018, he is not required to file a California PIT return. If he worked in California for...
Ignore the duplicate bill as the IRS is very very slow in processing and updating its records. If you really feel uncomfortable, you can call the...
I think you will be fine with a SMLLC, i.e., treated as a disregarded entity but seek out an attorney to assist you with this decision if your LLC...
Sales tax is not discharged in bankruptcy unless the CDTFA approves same. That is extremely rare. Also, the CDTFA is likely to dual the two of you,...
Your father can make a gift to you of $15,000 in 2019 without a requirement that he file a gift tax return and reporting it. If his gift is larger,...
You must report the income on your federal and California income tax returns whether it is from a business or hobby. I would recommend that you...
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