A Califonia taxpayer is required to report an IRS adjustment within 6 months. If you do so, FTB has 2 years to issue an adjustmnent or notice of...

How do we add a shareholder, ie - a Director of Operations, to our S-Corp? I am the President and, and my husband is the VP.

You have 2 options in adding a new shareolder. First, either or both of the current shareolders and sell some of their shares to the new investor....

CA has a $800 per year annual franchise tax for both foreign and domestic LLCs doing business in CA. There is no franchise on...

First, the franchise tax board's postion is that if the manager of a foreign ( non-California) LLC is a California resident or entity, the LLc is...

I had to use some of my own personal money to help pay for a lawsuit against my corporation

First, I am sorry about the lawsuit and the use of your personal funds. Your ability to receive a tax benefit for the funds spent defending this...

A careful review of the trust terms should be made. Typically, the power of attorney is used to provide control over assets outside the trust. By...

Transferring rental properties into a trust.

You must first identify your priorities to answer your questionl. In doing so, you should first consider the present circumstances. Joint...