Get free answers to your Tax Law legal questions from lawyers in your area.
Recently terminated for demanding paycheck which consistently was late 3-4weeks. what steps do I take to report employer and clarifying to tax board the misclassification
answered on Jun 12, 2019
You should quickly find an employment law attorney to discuss these issues. You may well have a valuable claim, depending on what kind of employee rights were denied you as a result of the misclassification. You may also have a claim that would allow you to raise the misclassification and other... View More 
In October 2018, I sold my California LLC which only asset was a boat (wholly owned by my single owner/manager CA S corp). Licensed yacht brokers handled the sale through a maritime attorney. The deal was a straight up deal, llc for cash. The same maritime attorney represented both buyer and... View More
answered on Jun 11, 2019
You are sailing in unchartered waters--at least for me. In addition, there are some important facts missing from you question that prevent lawyers from advising you. Finally, competent lawyers do not answer questions about what might happen in the future. Too many possibilities.
I am a disabled senior and my wife works part time. We were notified we owe taxes to IRS & CA FTB for 2014. Both tax agencies have tacked on penalty's and interest. If we pay them both off this year in full, what can we deduct off this years taxes? All of it? Just the tax that was owed... View More
answered on Jun 3, 2019
Real estate taxes paid are deductible in the year paid. Late fees, penalties and intertest charges are generally not deductible. Talk to a California tax lawyer.
I originally purchased the home for 228000, now we are selling for 349000. It has been our primary residence since 2009 except for the 11 months in 2011.
answered on May 31, 2019
Take a look at IRS Publication 523 to review the US tax treatment. The gain can be exempt if you meet the requirements and the dollar thresholds. That publication mentions that the prior use of space for rental does not disqualify exemption treatment if at the time of sale the property is used as... View More
Assuming we meet the requirement for tax exemption
answered on May 29, 2019
Free practical advice offered for the last 41 years to people starting their own small businesses:
The main difference between successful small businesses and those that fail within a relatively short period of time is good legal advice. The owners of most successful small businesses... View More
I moved to CA in the same year but after receipt of the money. Do I have to pay tax on the withdrawal to CA?
I am being audited from CA for 2015
answered on May 28, 2019
IMPO you should not rely upon free online advice when the issue involves potential tax liability. Contact a tax lawyer in California and ask them to help you.
The two of us are currently the only employees of our business, and only took a single paycheck of $100 each to set up the payroll system so it would be in place when we have employees in the future. We have since decided to delay any hiring, and will not be taking any compensation ourselves, for... View More
answered on May 24, 2019
This is a question best answered by your tax accountant. While owners can agree to not take a salary from the business there are tax consequences associated with that decision that you need to measure against the relatively small administrative charges you wish to avoid paying. Get in contact... View More
A LAWSUIT HAS BEEN FILED FOR ELDER FINANCIAL ABUSE. IF THE PROPERTY ASSETS ARE FROZEN WHO DO THE TENENTS PAY RENT TO
answered on May 23, 2019
Without knowing all the facts, I would assume that rent payments should be put in a trust at the bank, to be released when the final results of the court hearing are known.
An EA was paid to file for tax forgiveness on my behalf. He did not. I am now being garnished. He is not answering my inquiries. I also want to initiate legal action against him; but the tax issue first!
answered on May 16, 2019
Use the tab called "Find a Lawyer" at the top of every page here on Justia to find competent experienced business or tax lawyers who might be able to help you. If the tax issue is a federal tax issue you may not need a California lawyer.
My mother has property in California that is essentially worthless (no house, just land), but she is still paying her HOA dues and taxes. When she passes, can I close out her estate and abandon the property completely, or can the HOA and tax collector force me to pay dues and taxes? If so, do I... View More
answered on May 15, 2019
If you do not want to keep your mother's land your plan to let it go will work just fine. Or she can sell it now.
How are capital gaines determined when property i owned jointly and you are the last surviving owner
answered on Apr 24, 2019
1. In general, basis is the purchase price of property plus capital improvements, less accumulated depreciation.
2. On death, basis is revalued at the date of death fair market value (DOD FMV), usually by appraisal.
see, 26 U.S. Code § 1014
3. If the spouses each held... View More
answered on Apr 24, 2019
I assume there was a shipping receipt or written contract somewhere in this transaction. Reading the contract may answer your question. Transfer of title is a very complicated subject. I would seek help from a Maritime attorney in your area.
I worked for the person contracted to do this job and he couldnt contact them at tax time so he pretended to be someone else to get my ssn. I did cash some checks from him cause he claimed he couldnt withdraw the money and i had acheck cashing account. i cashed them for him to pay the people... View More
answered on Apr 24, 2019
I have represented a taxpayer in a situation quite similar to yours. My approach led to the IRS completely exonerating my client.
The county wants to auction the house for unpaid taxes. I am a veteran and on a fixed income. I want to stop the county from selling the property which I consider mine because my sister left it to me if not legally then orally. What can I do?
answered on Apr 24, 2019
Unless your name is on the deed or unless you have some other written document going to prove your deceased sister's intent, at this very late point in the foreclosure process your best (perhaps only) bet might be to attend the auction and bid on the house.
I am looking for any attorneys or referrals for the law apprenticeship program or any information which could lead me into the right direction, thanks!
answered on Apr 16, 2019
Although you have mentioned several legal terms commonly used in the legal profession, this is not a legal question; it is a personal question involving education.
You might want to use Google to locate one or more law firms or other places that might offer the kinds of educational... View More
He is neglecting the house, is running out of money to pay taxes, and yet refuses to sell, even though he will get ALL the proceeds (I promised my mother) and the sale would be over 800,000$. I want off the ownership and he can make his own decisions.
answered on Apr 16, 2019
Yes, you can give your interest in the property to whomever you desire. However, you can also sue your nephew and probably force a sale that way. This might be the best way to sever ties with your nephew because the net amount of money received from the forced sale would then be divided equally... View More
I'd like to buy my uncle's half of the house that he and my mom own together, which is currently a rental property. It would become my primary residence. I'm wondering how the property taxes would be reassessed (since uncle to niece doesn't qualify for the reassessment... View More
answered on Apr 3, 2019
Although I do not practice in California, unless I miss my guess the taxing authorities will continue assessing taxes on the entire piece of property because they are only interested in collecting the taxes and do not care who owns it. You might want to engage the services of a real estate lawyer... View More
I think my answer is No. however, I would be receiving the money from a family member as a personal loan, exclusively for education. I’m just trying to see if it would be deductible for the loner or borrower. Also, what if the loan was set up through a family members business? Does it need to be... View More
answered on Mar 31, 2019
Your question doesn't really make sense.
If you're loaning someone money to pay for school that would not be deductible. Neither would gifting the person money.
If you're the person borrowing money for education it may or may not be deductible. The deduction comes... View More
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