Are there advantages or disadvantages from a tax perspective to paying a nanny cash versus putting her on payroll?
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Answered on August 08, 2024
A full-time nanny is your employee. Accordingly, you must purchase worker's comp insurance and pay payroll/employment taxes to the IRS and EDD....
Final Taxes
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Answered on August 02, 2024
There is no reason to explain anything to the IRS. If the decedent is entitled to a refund, he is entitled and when received by the executor, he...
How do we reimburse a CA for business expenses incurred?
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Answered on July 30, 2024
Have them submit their expense reimbursement requests and then cut them a check for the amount owed. (These expenses are not income subject to...
California. I'm 70 and am going to sell my house. My daughter wants to build me a small home.
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Answered on July 29, 2024
I would only add, that replacing your home with a more expensive home to avoid capital gains is no longer true and has been replaced by the...
In 2020 I filed for unemployment benefits. I'm self employed and mistakenly answered no income. I sent the The money back.
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Answered on July 01, 2024
Unfortunately, we do not handle EDD overpayments of unemployment benefits. Contact the EDD Taxpayer Advocate Unit at 916-654-8161. Good luck!
Does the CA Franchise Tax Board have a right to collect taxes from 1999, 24 years later?
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Answered on September 27, 2023
The statute of limitations for income tax collections is 20 years for the California FTB. If the liability related to income tax owed for 1999, you...
When to register a business?
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Answered on April 11, 2023
I assume that your online store will be selling tangible personal property. If my assumption is correct, you will need a Seller's Permit from the...
HOW DO I CATCH UP FOR TAX RETURNS
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Answered on April 07, 2023
You need to start by having a tax preparer prepare all of your back tax returns. Then file them all electronically and wait for the tax, penalties...
Employer didn't report State Income Tax to EDD in CA, now Employer is out of business?
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Answered on November 22, 2022
Contact the EDD Taxpayer Advocate (Randy Ginise at 916-654-7077) to see if he can help you! Good luck!
Do I have to pay state tax on a Retirement IRA lump sum withdraw in California?
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Answered on November 21, 2022
Yes; If the lump sum withdrawal is less than $1 million, figure a 9.3% CA tax rate applies. If your total taxable income for the year in question...
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