Archived
I would like to know what needs to be done regarding taxes if I didn't work at all in 2013.
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Answered on April 08, 2014
If your earned no income in 2013, you do NOT have to file a tax return with either the IRS or FTB. But, some individuals do file showing zero...
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Archived
If a person doesn't pay his property tax how long can he live in his home before it becomes property of the state of Calif
Rex's answer
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Answered on April 04, 2014
You need to immediately apply for the Senior Citizens' property tax postponement program whereby you pay zero taxes. Instead, the BOE pays your...
Archived
Tax liability during and after divorce
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Answered on April 01, 2014
You are jointly and severally liable for mistakes. That is, the IRS or FTB can go after both of you or each one of you for the total liability...
Archived
I am giving away a time share for "free" but the transferee is paying any fees I incur. Does this count as a bona fide gift?
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Answered on April 01, 2014
The California Revenue and Taxation Code's reference to a bona fide gift means just that. You must be gifting property for zero consideration. ...
Archived
I just filed my taxes, and I forgot a mutual fund for $307. Should I file an amendment to add this to my taxes?
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Answered on March 31, 2014
Yes; as once you know you made an error, it is fraud to not advise the taxing authorities and there is no statute of limitations for assessment of...
Archived
Can I donate and deduct (FMV) items I receive as a gift, on my federal tax return?
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Answered on March 28, 2014
Yes you can deduct the FMV of donated items to charities.
Archived
Can I get a business credit card using my IRS tax paper business id number? Or, do I have to use my social security number? I'm
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Answered on March 20, 2014
Typically, a bank will need federal EIN, State Corporate Number provided by CA Secretary of State and your Articles of Incorporation or...
Archived
If County made error in past years property value, therefore, property taxes were less, is there a time limit on when they can
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Answered on March 20, 2014
The statute of limitations for making an escape assessment is generally 4 years.
Archived
I found out that my ex husband claimed one of our children in his income tax return. I found out by receiving a letter from IRS.
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Answered on March 20, 2014
Simply respond the the IRS letter that you alone have the right to claim the children as personal exemptions. Enclose a copy of the divorce papers...
Archived
We separated on 3/4/13, I filed for a divorce on 10/1/13. Should I be on our 2013 income taxes?
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Answered on March 19, 2014
Since you were still married on 12/31/13, you may file married filing jointly or married filing separately. As a couple, you will probably owe...
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