Questions tagged [california]
for questions that relate to the laws, practices, and products for the state of California. California is a state within the 50 state union of the United States.
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What are the pros and cons, if any, of selling my WA-registered car in California as a Washington state resident?
I am a Washington state resident. I have a car registered in Washington state. I may have to drive down to California (Bay Area or Los Angeles). However, on the way back to Washington state, I can ...
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Is the CA Middle Class Tax Refund (MCTR) taxable?
Seems to be some confusion whether federal taxes are due. I did receive a form 1099-MISC from CA. FreeTaxUSA says it's exempt from CA taxes but federal is due, while TurboTax says it's exempt from ...
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Is it typical to start charging HOA fees before a community is fully built?
I am currently in the process of buying a home at a new community.
My home is part of phase 1 out of 4 phases and will be ready for move-in
prior to the completion of the entire community. But the ...
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1
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Does providing IT services to a company in California from another state constitutes doing business in CA?
We provide IT services remotely to a small business in CA from another state. Does this mean we are doing business in California?
According to the California Franchise Tax Board (CFTB)'s Doing ...
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Clarification regarding CA source income for non-resident
I am filing taxes for 2020 as CA non-resident because I have provided a CA address on my US trading account. I have foreign earned income, foreign interest, dividends from the trading account, and US ...
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What tax forms are required for solo S corps in California?
The FTB site only lists Form 100S as required filing.
However, the EDD site also lists DE 34, DE 9, and DE 88. Are these forms necessary for the solo owner-employee?
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How to attach amended federal tax return to fresh California tax return?
California income tax (paper Form 540) requires attaching a copy of the taxpayer's federal return. If, when filing a given year's California Form 540 for the first time (not amended), the federal ...
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Car Insurance - Do I need to keep comprehensive insurance after I paid off the loan?
I live in the Bay Area, California. I had to take comprehensive (Liability and Collision) insurance and pay around $500 for six months until I paid off the debt. I recollect that I was required to ...
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Any factors I should consider when choosing between car insurance companies besides price and coverage?
Any factors I should consider when choosing between car insurance companies besides price and coverage?
I've heard people mention company reputation to see how likely they are to pay claims without ...
CommunityBot
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Taxation on Annual Incentive Plan bonus after relocation to a different US state
Each year, Bob, a US tax resident, receives some money in February from his employer in the US as his Annual Incentive Plan bonus. During the year 2022, Bob relocated from California to Washington ...
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State Income tax when splitting a day between states (in the USA)
First of all, I realize that when traveling to another state for employment it is commonplace to owe taxes in that state for the work performed+sourced in that state.
Example: you work/live in ...
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Why did I receive tax penalty on paid family leave from the California tax board?
I just received a notice from California tax board that says I owe state tax on the deduction I claimed in 2017 for paid family leave. This was filed through turbotax so I assumed it was accurate. I ...
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Does American digital nomad qualify for California Safe Harbor?
Do I qualify for California Safe Harbor exemption?
I'm technically domiciled in California (I have a CA driver's license and a mailing address for banks, etc), but haven't been physically present in ...
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Are U.S. salaries typically measured/reported before tax, or after tax?
On each of the two sites below, the average salary in California for C++ developers is reported.
Would the average reported be before or after taxes?
http://www.glassdoor.com/Salaries/california-...
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International Non-Resident Spouse CA Tax Filing and Community Income
Indian citizen working and living in California since 2019 and considered a CA resident for tax purposes. Got married in Nov 2021 to my wife who lives in India.
She did not join me in the US in 2021 ...
CommunityBot
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Sales tax on inventory consumed during R&D
I'm considering setting up a sole proprietorship to sell kits (electronics and crafting) that I design. It's my understanding that, in most cases, I would be able to get a exemption certificate that ...
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Do I have any recourse if I was pressured into a car lease?
We thought our lease was due at the 3 year mark. We contacted a dealer and the pressure sales was pushed strong. In less than 2 days they found a car that was similar, but newer.
They stated that ...
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Can a US LPR who changed their residency from California to Washington between Nov 2021 and summer 2022 opt out of the Washington long-term-care tax?
Can a US lawful permanent resident who changed their residency from California to Washington state between November 2021 and summer 2022 opt out of the newly established long-term-care payroll tax?
E....
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Is there any official/governmental website for cost of living in the US cities? [closed]
I am looking for a website that I can find cost of living in my city in California and refrence to it in my official claim. Is there any one?
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Should I buy a 23k hyundai elantra at 18?
With the car market being so insane right now it’s hard to find a car worth spending my money on. I live in LA so that’s probably making it worse, but I chose to go to a community college for 2 years ...
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How to take off my name from Car Title in California
The car was paid off and the title is under my name and my ex wife.
I want my name off from that car because I don't want to be responsible for any liability if she got in accident. But She wont go ...
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Itemizing property tax deduction on California state taxes?
I'm trying to understand if in California you are limited to the same $10k federal limit on property tax deduction.
The only CA government info I can find is here
Line 5e The federal deduction for ...
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3
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Unemployment eligibility for U.S. citizen working overseas for California based company
I received word I will be getting laid off at the end of the year. I currently work overseas for a California based company. I am a U.S. citizen and will be returning to CA (my home state) due to ...
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Is there a "Free File Fillable Forms" equivalent for CA Form 540 for California Income tax?
I really like the user experience for Free File Fillable Forms for crunching out the 1040. Is there something equivalent for the State of California? CalFile has more of a Q&A format like Turbo ...
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1
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Schedule CA 540 Part I Section A: what role do the little 'a' rows serve?
I'm a bit baffled looking at the Schedule CA 540 form in its Part I Section A set of rows. There's the rows that form the matrix against the various major columns A, B and C, but there's also this set ...
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1
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Does California double-tax the portion of incentive stock options which are subject to AMT?
Consider the following scenario:
In 2020, Alice vests and exercises ISOs at $1 strike price, $3 FMV. Under California AMT, she generates $2/share of gain. Alice exercises enough shares to owe a ...
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5
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Understanding underpayment penalty: implications and how to avoid it in the future
Here is a small explanation of my situation which I hope will help to understand my question:
I am a full time employee who lives in California. Each year I get a W2 from my employee and 1099 from my ...
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Cell Tower Rental Fees Transfer to New Home Community
I am about to move into a new home community that has a cell tower
placed prior to the land being acquired for homebuilding.
In its previous life, this piece of land was owned by a non-profit.
...
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0
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How to calculate or define moving expenses for California resident tax deduction?
Situation:
I meet the distance & time test for California Moving Expenses Deduction. Move was within California, in 2021. Single person household. The distance one way is 181 miles, using own ...
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2
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What do I do after requesting and receiving a debt validation letter for a medical debt I don't recognize?
I received a debt collection call a few months ago from a professional debt collector for a debt I didn't recognize, followed by a written notice. I wrote back that I dispute the debt and requested ...
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1
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Will stock options continue to vest if an employee goes into State Disability Insurance (SDI)?
If an employee in a publicly traded company needs to go on SDI (to get treatment) will the employee continue to vest options (ISOs, RSUs)? Is SDI like a sabbatical from a company's perspective where ...
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Can capital losses be used to offset capital gains for California state taxes?
California treats capital gains just like normal income
Suppose I have capital gains of $10k and capital losses of $8k
Will this add $2k (from $10k - $8k) to my California taxable income?
Or will ...
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Mella Roos Disclosure Requirements (California)
I live in Washington State and I’m in the process of helping my mom purchase a home (I’m paying, but she will be living in it).
Given the competitive market, we recently put in a non-contingent offer ...
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2
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Can you subtract credits/returns/refunds from statement balance?
Most credit card companies in the US do not charge any interest on any purchases if you pay at least the statement balance every month. E.g. you effectively get between 25 and 30+25 days of interest ...
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1
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Do you qualify for Medi-Cal if you are wealthy and just don't work?
If I'm reading the descriptions of Medi-Cal correctly, low income alone is enough to qualify you for free medical coverage.
So, if you are taking a sabbatical, working on your own startup (that isn't ...
- 31.6k
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1
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Can being categorized as a "US resident" by the bank make me a tax resident in CA or US?
According to IRS, I was never a US tax resident.
But there is a US bank that thinks I'm a resident in the US. I didn't update my info after leaving. I did fill out W8. I also filled out after leaving, ...
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1
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What re the federal and Calif. solar tax credits or deductions for a solar power systems and batteries purchased in California in year 2019 and 2021?
Bought a new solar power system for my primary residence for $65k in July 2019.
Then moved this year and bought a $90k system Nov 2021.
I'm using Turbo Tax.
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1
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Splitting equity among domestic partners when one partner pays the full downpayment
My partner and I are looking to buy a home together in California and set up a contract for splitting the equity. I would pay the 20% downpayment on my own, and thereafter my partner and I would split ...
- 35.7k
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2
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How is it possible for an F-1/F-2 visa holder establish a company in the US?
If someone with the F-1(student) or the F-2(Student's dependent) visa is in the US. how can he establish a company in the US?
Can he do it standalone(I mean register a company with his own with no ...
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Are businesses required to pay more than a specified minimum wage in respect to each job title in US? [closed]
Are there any laws about the businesses that mandates them to pay at least a minimum specified wage to their employees?
I mean something like: A CEO should at least has $5k/month, or an engineer ...
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Should I realize short term gains to make use of short term losses or offset against long term gains?
Similar to this question, but I’m trying to understand the strategic value of using ST losses.
I currently have -$20k in ST losses and +$100k in LT gains. Per my math, if I use it against +$20k in ST ...
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I have 5 cars and two drivers, can I cover one car with high liability and the rest with the minimum? California
We are family with lots of cars, 5 and only two drivers. We switch off depending on what we are doing. Commuting, I drive my 2 seater and wife drives her suv. Family outing we take our big sedan, trip ...
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purchasing a car with a trial period
A stranger is selling their car for $5000 and I like it for that price.
But, instead of a straight purchase, I want to arrange a deal in which
I pay $5000 in full now (without any loans) but can ...
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1
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What should my state tax withholdings be? I live in VA and work remotely for a CA company
I work remotely for a company in California, but I'm a Virginia resident 100% of the time. This is my first year working for this company. Last year, I claimed 1 exemption on my VA taxes (myself).
For ...
CommunityBot
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How to avoid the $800 minimum franchise tax as a California resident with out-of-state business?
Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-state LLC for business in another state (e.g. holding rental properties outside ...
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2
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Is the donation of billable or paid time of a contractor or employee tax-deductible?
In California, USA, for federal and state taxes, are services performed by a paid employee or contractor (who receives compensation for that time from the company as regular/overtime wages/salary or ...
- 125k
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1
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How to respond to CA 2020 tax penalty notice? I forgot to indicate I had health coverage
I received this mail yesterday:
PICTURE OF MAIL
I am a student with F1 visa status and filed both federal and state taxes for 2019 and 2020. I do have an external scholarship that includes a very good ...
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2
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No provision for beneficiary at HSBC
Background: My wife and I live in California (if that matters) and have a living trust.
My wife and I recently opened an online savings account at HSBC. APY is 2.01 which was the motivation.
HSBC ...
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1
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Which mailing address to use for disputing a California Franchise Tax Board 5818 Notice?
I just got an FTB 5818 Notice saying that I don't have Health Insurance.
I am planning to dispute it by sending in my 1095-B.
Question: Which mailing address should I be using:
Franchise Tax Board
PO ...
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3
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381
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After paying off your home, could you sell it to a confidant for $1, then buy it back for $1 in order to get lower property taxes in CA?
In California, property taxes are based upon the price that you paid for your home. Would it be legal, or even feasible, that when you finally pay off your mortgage, that you sell your home to a ...
