No; but penalties and interest will continue to accrue and the statute of limitations doesn't begin to run until she files. Advice: Have her file...

Abby, First, have your sister either prepare the returns for 2016 and 2017 or have a paid tax preparer do it. Then file the returns with the IRS...

Generally, nothing, as when a person passes away and the kids inherit, in most cases the kids get a step-up in basis at the date of death. For...

You have said a mouthful. Did you dissolve the LLC with the CA Secretary of State? If the LLC has been in place for at least 12 months, you can...

Ok; If you owned the business with your ex when it closed, the BOE (now known as the CDTFA) probably assessed you and your ex personally per Rev. &...

The severity of California FTB's penalties is unmatched in the U.S. due to Legislators (past and present) that know nothing about tax laws. When...

If your wife is working in CA for a NJ employer, she should list her CA home address on her NJ W-4. An individual must use the filing status used...

Having inventory in a state MAY create taxable nexus but you will need to research each state to determine whether you have triggered nexus....

If the LLC did no business in any of those years (2017-2020) and it has no remaining assets in the business, you can file a "Domestic LLC Request...

This is a tax issue that is often raised by clients and any advice is highly dependent on the specific facts. Accordingly, don't use Avvo to obtain...