I am an expatriate living in Japan for 2.5 years, and my home office is in California. I severed all ties with California when I left, but my company is forcing me to file as a CA resident. If I no longer work at this company in the future, can I amend prior tax returns and obtain the taxes paid to California back? I do not plan on living in California in the future and established residence in another state just prior to moving overseas.

April 18th, 2023

I have a 4-person Delaware LLC formed in late 2010 with income starting in 2011. We failed to file for 2011 and have an extension for 2012. What is the proper procedure for getting square with the IRS for 2011? Do we need to write a letter explaining why we failed to file, is there a specific form to file, and do we still distribute K-1s for 2011 and 2012? Should we attempt to estimate a late fee? Additionally, I found a form 8832 that we might not have filed; should we file this as well, and what is the process for amending personal returns?

September 15th, 2023

If the IRS delays their response to my audit response and pushes back the deadline for their decision, what recourse do I have to avoid paying extra months of penalty due to their delay?

June 26th, 2023

I have a custodial account for my 11-year-old daughter that contains a mutual fund and cash. Is my daughter liable for taxes on the income from the mutual fund? Will she be at age 18, when she will be in college?

May 21st, 2023

I inherited a piece of unimproved land in New York in 1990 and want to sell it. My realtor suggests a price of $109,000 based on comparable sales. What information is accepted by the IRS as proof of the land's value in 1990, and will I have to pay capital gains taxes to New York and Idaho? Is there any tax break for reinvesting the sale proceeds in a home for retirement?

January 29th, 2024