W2 form

12/31/15. Per the IRS: "You must give Copies B, C and 2 of Form W-2 to the employee by January 31. If an employee stops working for you before...

If I imported an item (sold to my client) but have already paid duty & tax at customs must I also pay state and local sales tax?

I need more facts to provide you with accurate advice. Where was this item purchased from? That is, where was it located on the date of sale? ...

I registered an LLC in CA in 2005 and did nothing with it, can CA come after me personally for the past tax owed?

Lenora is correct. The FTB cannot assess you personally; but, that is the current law. I would recommend that you dissolve the LLC with the...

Selected as the best answer

Tax on contingent fee in employment case (no physical injury)

First of all, the typical contingency fee arrangement whereby your attorney gets 40%, means that he takes $400,000 and you receive the balance or...

How to file a final 1120 for a california s corp

Form 1120S, Line H, Box 1 is where you check Final Return for the Federal Return. On the California return (Form 100S) look for line A1. But, you...

Tax on contingent fee arrangement

You need to talk to your attorney to determine what makes up the settlement amount. Is it compensatory damages, punitive damages or both? If...

I won some prizes on a game show. Value is approx 5k. How do I figure how much I'll be taxed? Also I'm a CA resident.

It all depends on your income tax bracket and your filing status as single, married filing jointly, etc. Roughly speaking, if you are single, for...

I will assume that you are talking about real estate. The date acquired is the closing date. Now, if you're talking about purchasing tangible...

We are 80yrs old, can we give 10K each to our 3 kids and 6 grandkids without report to IRS

You can give each of your 3 kids and 6 grand kids $10,000 without triggering any gift tax or obligation to file a gift tax return but that doesn't...

IRS Offer in Compromise question regarding personal + civil penaltl

I assume that the civil penalties that you are referring to are tax penalties. If so, it is totally appropriate to combine all of them with the...