Is there a way to reduce the CA franchise tax if my business is not operating or generating sales/income?

If you choose to form an LLC you cannot avoid the minimum $800. If $800 is a crippling expense you may consider a sole proprietorship to avoid that...

If the individual is not employed, enter a descriptive title to explain the individual's status such as “Retired,” “Student,” “Homemaker,” or...

How to report tax

Assuming the house sold was your primary residence, you may be eligible for a capital gains exclusion, so you may have no tax liability on the...

Non married parents, who claims child on taxes

Federal law (not a child custody agreement) determines who may claim a dependency exemption. The claiming taxpayer must meet all the IRS...

Income Tax Filing Status if Separated

Your options are to file as married filing separately or married filing jointly. It may be preferable to file as married filing separately to...

My employer is asking me to show them my tax return is it illigal?

Tax returns are confidential in nature. However your employer has the right to request to inspect if, especially if relevant to your work, but it...

Can a debt collector take our tax refund?

Note that your tax refund cannot be directly taken unless the United States Treasury receives a garnishment request from the I.R.S., the Department...

Can my daughters dad claim her if she lives with me and he only pays child support?

Unless your daughter's daddy has paid at least half of your daughter's living expenses and has a Form 8332 signed by you, your daughter's daddy's...

Generally speaking, unless the audit is for the same tax year you are expecting the refund from, there should not be a delay caused by an audit of...

Can child support take my tax return, if my husband who im seperated from owes back pay for his own children, who arent even min

Filing as married filing separately may help to protect any refund owed you from being intercepted. You may also want to close any joint financial...