Can I get refund for C corporation which had loss in the first year?
You must file both Federal and California tax returns for the C Corp. I assume the corp did nothing in Delaware so there probably is no filing...
Sacramento, CA
Tax Lawyer at Sacramento, CA
Practice Areas: Tax, Government, State, Local And Municipal Law
You must file both Federal and California tax returns for the C Corp. I assume the corp did nothing in Delaware so there probably is no filing...
You have to do a lot more to avoid taxation by the CA FTB. I routinely provide clients with a list of over 30 items that must be done in order to...
Yes; you actually take a tax paid purchase resold deduction on your California Quarterly Sales and Use Tax Return. But, it must be done...
It will eventually go to collections after numerous notices to pay. If you continue to ignore the notices, the penalties and interest will grow. ...
Yes, you will owe tax on the gain. You should consult with a tax attorney if you would like to avoid that result by doing a 1031 exchange. There...
Sign the exclusion from transfer form.
It depends largely on how the end product is delivered. I you develop software and deliver it to the customer in the form of tangible personal...
If you inherit the home from your parents, you get a step-up in basis. That is, if your parents paid $25,000 for the home but it is worth $200,000...
I assume you mean "personal income tax return" rather than a franchise tax. The answer is not so simple and depends on your income. A Federal...
What you describe is fairly common since CPAs are busy filing tax returns up until 10/15. After that date you will probably get a prompt response...