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Jax Tax
Jax Tax, Tax Attorney
Category: Tax
Satisfied Customers: 1408
Experience:  JD, LL.M in Business and Taxation, IRS Enrolled Agent. Expert in Business and Tax Transactions
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Is there a program that allows for payment over time for tax

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Is there a program that allows for payment over time for tax due on the non liquid assets of an estate - Specifically those assets associated with LP interest in a closely held ( less than 15 ) General partnership -- The GP owns and operates self storages --

Jax Tax :

I understand your issue to be that a partnership owes property tax on assets owned.

Jax Tax :

Yes, CA BOE does in fact allow an installment agreement for taxes owed.

Jax Tax :

Generally, they will require paymemt within 12 months or they will loom to liquidate assests to pay the debt.

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