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Do we need to pay taxes for the state where I physically work or for the state where the payroll is run?
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Answered on February 10, 2016
You are required to file and report income based on where you are a resident and that is California. Your employer certainly should have known...
Archived
Does California have the same capital gains exclusions as the federal government, as applied to widows & widowers?
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Answered on February 09, 2016
You are referring to IRC sec. 121(b)(4). California has conformed to federal law. See Revenue and Taxation Code section 17131 quoted below:...
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Do you still have to pay the IRS your installment agreement amount while you have a pending offer in compromise?
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Answered on February 09, 2016
Yes, if you have entered into a written installment payment plan with the IRS to pay them $200 per month.
Archived
What are the tax implications of selling a company in California? What happens if you were to move to NV?
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Answered on February 04, 2016
Before you do anything I strongly suggest that you sit down with a State and Local Tax Attorney that handles residency matters. There is a lot of...
Archived
See above
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Answered on February 04, 2016
Generally speaking, your withdrawals are treated as income when withdrawn from an IRA and must be reported on your Forms 1040 and 540 for 2015. If...
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I run a business that sells beauty products and web design. I am helping a friend file their sales tax return in san diego. Do I
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Answered on February 02, 2016
You have an unusual business structure. Gross receipts should include all income from all sources. Reflect the web design gross income on the...
Archived
Annual California LLC $800 Minimum Tax due date.
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Answered on February 01, 2016
The tax is due by the 15th day of the 4th month AFTER the beginning of the taxable year. The taxable year of an LLC that was not previously in...
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How do I prove that my friend was using my ebay account to sell? I just received an unexpected 1099K form from Paypal.
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Answered on January 28, 2016
Ouch! What a mess! I would recommend that you write a letter to Paypal requesting a corrected 1099 be issued to you and a new 1099 issued to your...
Archived
My dad is trying to claim me on his income taxes, but I'm going to claim myself?
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Answered on January 27, 2016
He cannot claim you as a dependent as he did not provide more than ½ of your support.
A taxpayer is allowed to claim a qualifying child IF...
Archived
How would I charge sales tax to customers in the USA? How would I avoid double taxation in the US?
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Answered on January 27, 2016
Since the LLC is registered in California, I assume that you have an office or outlet or home here from which you work. If you have such a...
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