I am working with a client with a company that are no longer
I am working with a client with a company that are no longer considered registered (i.e., "active") entities (LLC partnership) in the State of Texas (due to failure to pay franchise tax). We would have to get them cleared with the comptrollers office and then secretary of state to reinstate their entities.Even though the LLC is technically defunct, the LLC's bank account remained opened and received a few thousand dollars income in 2015.The owner of the account clams he is the sole owner of those funds.My question... Am I required to report this income under a 1065? Or can I report it through a Schedule C?
I got a tax letter from state of california my ex husband
i got a tax letter from state of california my ex husband died in 8/8/2014 he has been off title of my home recorded in 2013 we divorced 7-30-2010 he did not file his taxes for 2013 am i responsible will i have to pay themJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: im not sure if he even worked we had no contact i filed my taxes it may be from equity of our home which i claim not sure why he got this have no clue what to do
This question is a subset of an earlier question I asked and
Hi,This question is a subset of an earlier question I asked and got EXCELLENT answers on.I was looking for the street address to send my California tax return to via FedEx -- I'm out of the country and can't use the post office.The person who answered me said this is this is the only address available for the Franchise Tax Board (from their website) for Private Delivery or overnight delivery service:Franchise Tax BoardSacramento, CA 95827The person who helped me researched and speculated that, if FedEx in Europe forces me to put in a full street address, this one might work:Franchise Tax Board
*****Sacramento, CA 95827But neither he nor I were 100% certain.My question is, can anyone research whether that is correct? I'm looking for a confirmation that the longer street address -- if I need to use it -- is a good one, as it will cause me problems if the return doesn't get to its intended destination.Thank you!
I have a tax lien from the California franchise tax board on
I have a tax lien from the California franchise tax board on my credit report . I am receiving social security disability income as my sole source of income. I now live in Colorado . can California garnish or attach my disability income/JA: What state is this in? And when did the issue begin?Customer: i currently reside in Colorado and the lien was filed on 4/25/2007JA: Has anything been filed or reported?Customer: no, nothingJA: Anything else you want the lawyer to know before I connect you?Customer: i would like to get his removed from my credit reports
I would like to print out and mail my taxes from Europe. I
Hi,I would like to print out and mail my taxes from Europe. I do not want to e-fiile.I need to know:- What the approved Europe to America couriers are for meeting postmark requirements?- And what street addresses (not PO Boxes) I would send my Federal return to and my California state return to.This page at the IRS says this, but doesn't identify the either the approved couriers or the street address for Federal (or California, of course.)https://www.irs.gov/individuals/international-taxpayers/u-s-citizens-and-resident-aliens-abroad-where-and-when-to-file-and-payCAUTION! A tax return delivered by the U.S. mail or a designated delivery service that is postmarked or dated by the delivery service on or before the due date is considered to have been filed on or before that date. You can use certain private delivery services designated by the IRS to meet the "timely mailing as timely filing/paying" rule for tax returns and payments. See your Form 1040, U.S. Individual Income Tax Return or Form 1040A, U.S. Individual Income Tax Return instructions for a list of designated delivery services.Revenue Ruling 2002-23, 2002-18 IRB 811 provides that federal tax returns mailed by taxpayers in foreign countries will be accepted as timely filed if they bear an official postmark dated on or before midnight of the last date prescribed for filing, including any extension of time for such filing.Thank you!
Sr Financial & Tax Consultant
I got a letter from Franchise Tax Board" Final Notice Before
I got a letter from Franchise Tax Board " Final Notice Before Levy and Lien" in August which state that 2014 Tax Year should be taxed few thousand dollars + a thousand dollars penalty and few hundred dollars interest, I didn't know my husband's hidden investment and he passed away in December 2014 in Asia. I live in Asia, we have a cottage in US as a mailing address and my son just got the letters from our neighbor in US. My son is in Seattle now.I called the Franchise Tax Board Office, but it is hard to call and no one answer. What should I do now? Should I go to Franchise Tax Board Seattle Office to ask for help. We have 3 kids and can I file the tax now with $4000 Exemption to claim it.
My tax preparer is trying to file my CA Forms 568
Hi, my tax preparer is trying to file my CA Forms 568 electronically for the first time. His system is not allowing him to submit one of them (let's call it LLC-B) because he's already submitted one with the same FEIN (let's call it LLC-A). We formed LLC-A in 2003 to hold title to a rental property, did a 1031 exchange to a TIC fractional interest, the TIC sponsor formed LLC-B for us to hold title to the fractional interest, and LLC-A as the exchangor became the member of LLC-B. We were informed when we asked the sponsor about an FEIN that LLC-B was not required to have its own FEIN. My tax preparer has been using LLC-A's FEIN on both LLC-A's and LLC-B's paper forms 568 since 2006 without a problem, but now the software for electronic filing is kicking out LLC-B's return saying he already used the FEIN. What do you think? Should he try using my SSN since all entites are disregarded? (I'm trustee of our revocable trust (disregarded--has its own FEIN), trust is single member of LLC-A, LLC-A is single member of LLC-B.) Please advise
Bank account was frozen and money removed from the account
The State of Texas has frozen a bank account of mine and removed some of the money from the account. I was, but not am a citizen of the State of Texas and I never received any notice from the state. Is it legal for the State of Texas to take such action and my that action be reversed? I have not lived in Texas for over 2 years. I now live in Tennessee. Does Texas still have any jurisdiction? And, I have not conducted business in Texas for years, and own no taxes as far as I know.
I am and EA doing the final return of an S Corp. The owner
I am and EA doing the final return of an S Corp. The owner basically shut down the whole thing. He did not do anything official to end it. but it is no longer operating. I did the 1120S for 2015 and checked the box final return. In the CA corp return, I got an error mesage and I put down the corporation dissolved as of 12/31/15. Error message disappeared. The client will have to pay his S corp fee for 2015. Is this all I need to do? The client no longer plans to do any Corporate work and has not done any in 2016. Am I missing anything here? Is there some other STEP client must do to kill corp as of 12/31/15. It was a one man corp and he was beyond retirement age. Tax wise, is there any problems with my handling?