asked
In California, if I use dividend and interest income from stocks and bonds, which were given to me by my parents, for community purposes with my wife, does that mean these assets become community property?
July 17th, 2024
I separated from my husband in March 2016 but did not divorce him due to my religious beliefs. We filed our taxes separately for 2016, and I filed as single. Did I do something illegal, and could this affect my financial aid?
February 2nd, 2023
I am semi-retired, sold a rental property I had for 3 years, and have a capital gain of about $60K. I am single, no dependents, and will have about $30K in 1099 income this year. Will I owe 15% tax liability on this gain, or because I have only $30K in contract income, will I have no tax liability on the proceeds? I live in Texas. Is there anything else important the accountant should know?
December 7th, 2024
I am a senior citizen in California who has received a new franchise tax board bill of $8,000 as a result of settling an Offer & Compromise with the IRS for the 2013 tax year. How do I protest this bill, and what are my options for dealing with the collection procedures?
October 22nd, 2024
My deceased sister, a California resident, through her Living Trust provided that I receive $47,000.00 from her net estate of $490,000.00. Will I owe a tax on the $47K?
November 13th, 2023
In 2017, a CA probate both spent $100k on expenses and withdrew $120k from the descendant's 401(k). The probate will close in 2018. Do we have to file a Form 1041 for the Decedent's Estate in 2017 or do we wait until probate closes in 2018?
October 10th, 2024