Calculation of the basis in a property for capital gains?

No; property taxes paid do not add to the basis.

Can I leave CA for FL and still keep my house in CA? What if we visit for 3-5 months/year?

Your problem is domicile. You have a California domicile currtently. You must change that in order to avoid your obligation to pay CA income tax....

No. You will not be held liable for your fiance's tax debts incurred prior to marriage. Tax liens are generally filed in the county where the...

The FTB is NOT known for being considerate. I agree with Ms. Steburg. Penalties can be relieved IF YOU CAN PROVE REASONABLE CAUSE for late filing....

Do I have to pay sales taxes if I provide IT consulting services in California?

No; so long as you do not give your client any tangible personal property for consideration. So your summary of the law is correct. Of course,...

I just got married in june. My husband owes back taxes 2014/15 and the FTB just levied our joint account am i now responsible?

You are not responsible for his tax debt. Contract the FTB immediately and talk to Collections at 800-689-4776 or 916-845-4470 or the Taxapayer...

Call FTB Collections at 800-689-4776 or 916-845-4470. The FTB can reverse the levy if you act quickly, within 10 or 15 days of the levy. If you...

Ouch!! Signing up for that worthless SSTP was a huge mistake. Now you should consider getting out of it with all due speed. This is the...

Converting a LLC to a Corp with Form 8832? What Type of Corporation am I then?

A C corporation is what we refer to as a general corporation. An S corporation must be a "small business corporation", (less than 100 shareholders)...

You have summarized your position quite eloquently and you are correct that the LLC is liable rather than the members so long as you did not take...