Will capital gains tax be owed on the sale of a portion of real estate to one sibling that was inherited by all three children?
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Answered on August 26, 2021
We would need to know alot more about the trust, how it was setup and if there is a remainder beneficiary.
This is going to be a question the...
What can I do if my mom put a business under my name and now owes taxes on it?
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Answered on August 25, 2021
Unfortunately I have seem this many times before.
Assuming you did not give her permission to use your identity to establish this company, what...
How do taxes work for remote workers?
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Answered on August 25, 2021
CA residence are taxed on all income even if earned outside CA.
The fact TX does not have an income tax is not relevant.
Based on your...
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Can California Franchise Tax Board levy my Social Security deposits in my bank account?
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Answered on August 24, 2021
CA generally will not pursue Social Security funds however the state does not know what the character of the funds in the account are and the bank...
DOES MY GIRLFRIENDS DECEASED HUSBANDS TRUST SUPERSEDE THEIR DIVORCE DECREE?
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Answered on August 23, 2021
If the divorce decree gave full ownership of the property to the ex wife but allowed the ex husband a life estate to remain in the property till...
Can a tax lien be filed if you or your spouse is on permanent disability?
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Answered on August 23, 2021
The fact you are disabled does not prevent a taxing authority from pursuing you on old tax debt.
Further most state tax debts due not have a...
In the United States, can I set up a media LLC and a youtube channel for a tax write-off?
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Answered on August 23, 2021
I agree with Rixon but want to clarify that business deductions have to be related to a profit seeking endeavor. You don't get to just make videos...
Do I have any options and, if so, what are they?
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Answered on August 19, 2021
Your question touches on a lot of stuff.
As a tax attorney I will only address the back taxes for the business.
First you do not get to say...
What to ask a question on joint spouce taxation
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Answered on August 17, 2021
If you tax prepare has already filed an extension then you should be fine for the interview as the federal return would be due Oct 15th. So the...
What to do with Notice of Deficiency? responded to CP2000 two times already.
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Answered on August 17, 2021
I am going to assume you make the tax payment with the 1040X.
The IRS is slower then they have ever been in my experience.
It is taking them...
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