How do I apply under CA law for Tax code section 218 to reduce my property taxes?

June 22nd, 2024

My aunt left me a house in 1991. I have never rented it out. Is it possible to use this residence in a 1031 exchange, and if so, what is the minimum rental period that would qualify it as an investment property?

December 26th, 2024

My aunt living in France passed away last year. She gave me 80,000 dollars in her will. Do I have to file and pay tax when I get money transferred to my bank account in the US?

May 29th, 2023

I want to hire an employee who has worked for me part-time on an hourly wage in the past. I would like to hire him to a yearly salary of $48,000, but he has a tax lien against him that needs to be resolved. I want to give him an upfront bonus of $8,000 to help pay off this lien, which would put his taxable income at $56,000. What is the best way to structure this bonus to avoid adding it to his taxable income, and is it possible for the company to pay off the tax debt directly on his behalf as a business expense without adding it to his taxable income?

January 15th, 2024

What would justify a tax increase of $300.00 for 2004 and a $400.00 increase for 2005 without a tax reassessment, especially if no home improvements have been made?

March 19th, 2023