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.

51 questions with no upvoted or accepted answers
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6
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0answers
75 views

I'm still working but my payments are deferred due to Covid19. Do I qualify for unemployment insurance benefits?

I'm self-employed in California and my biggest client (>90% of my billable hours) is not able to pay due to cash flow disruptions related to Covid19. I've agreed to continue working and billing as ...
6
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0answers
91 views

Tax deduction for legal fee in defending my current job related to a threatening letter?

I paid around 750 dollars last year to consult lawyers regarding a threatening letter from a former employer related to company confidential information where they asked me to sign additional ...
6
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0answers
94 views

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 ...
4
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0answers
39 views

Single Member CA LLC moving to WA keeping CA client - residency and work outside of CA

I have a CA Single Member LLC and do work for a California client. Contract work is between client and LLC. I move from CA to WA and establish residency there. I perform ALL work outside of CA. ...
3
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0answers
80 views

Is my contribution to corporate housing tax deductible?

My residence is in NY but my company moved me to CA for a temporary assignment (one year). They are providing corporate housing but I still have to contribute approximately $900/month. Is the $900/...
3
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0answers
158 views

Risks of initiating Voluntary Classification Settlement Program?

I just found that it is illegal for Employer to give form 1099 to workers who could potentially be classified as Employees. Also, Employer can end up being punished with imprisonment and/or heavy ...
3
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0answers
101 views

If my business is under FTB audit, can I close my old bank account?

We plan to switch from Bank A to Bank B and we are currently under Franchise Tax Board audit. We also recently realized that account in Bank A is with outdated EIN that we forgot to update to SSN when ...
3
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0answers
362 views

Back in 2011 instead of form 565 filed 568 by mistake. How to fix this?

In 2010 we correctly filed form 565, because we were general partnership. However, in 2011 we filed by mistake form 568 (the LLC form). Starting from 2012 we have correctly filed as sole ...
3
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0answers
1k views

First job! I need some DE 4 tax form help

I just got my first paying job and they need me to fill out the DE 4 for California income tax. And to be honest it's a little confusing. http://www.edd.ca.gov/pdf_pub_ctr/de4.pdf Firstly ...
2
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0answers
90 views

Can landlord's business expenses be retroactive?

Say, I am planning on moving out of my house and keeping it as a rental. The house needs a bit of work, which I can start before I move out to save on the downtime before I look for renters. Can the ...
2
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0answers
71 views

Retiring to Europe from California-Implications for taxes, drivers license & voting

I retired & moved to Italy April 2018. I will be living in Europe for at least ten years. In filling out my California state tax form, there was a question regarding whether I moved out of the ...
2
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1answer
1k views

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 ...
2
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0answers
74 views

1099'd Telecommuter - I work by phone from SC with CA company - who gets state tax?

I am a 1099'd telecommuter that used to live in California. I moved to South Carolina in 2017. I need to file 2017 taxes with 4 months in CA, 8 months in SC. In 2018 I will need to file 12 months in ...
2
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0answers
26 views

CA taxes on invesment income for part time-resident

I lived outside of the US from July 2016 - November 22d of 2017. All my income from this period is investment income. My understanding is that because it is investment income it does not qualify for ...
2
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0answers
209 views

Can my landlord raise my rent for switching to a month-to-month lease?

When I first rented my apartment in Los Angeles 3 years ago, it was not rent-controlled. It had a clause saying my rent would increase by $600 per month if I went month-to-month, with a $600 fee to ...
2
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0answers
69 views

Who is responsible for verifying seller of property has authority to sell?

I recently purchased a condominium and am now in a situation where my ownership of the condominium is being questioned. The sale was a probate sale where the previous owner passed away and the sale ...
2
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0answers
147 views

Co-owning a house, what happens during chapter 7 bankruptcy?

My mother-in-law is considering filing chapter 7 for her small business. She has about $100,000 debt. Her only asset is a house that she and my wife bought as joint-tenant worth about $700,000 with ...
2
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0answers
390 views

Should CA sales tax be charged to vehicle lessee on the portion of capitalized cost reduction from a federal rebate?

Should California sales tax be charged to a vehicle lessee (at inception of lease) on the portion of the capitalized cost reduction that is 'paid for' by a federal rebate? Background: certain ...
2
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0answers
68 views

What tax forms should I file for my new, 2016 LLC?

I'm the only member (owner). 2016 is the first year (year of incorporation). There were expenses (~$16k) but no income. My plan is to file the 568 by March 15th but not file any federal corporate ...
2
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0answers
338 views

Should I add (prorated) $5000 tax treaty exempt in state tax report?

I am a F1 visa Chinese student. I did 4 months intern in California in 2016, and spent the rest of the year as TA back in school in Idaho. So I have W-2 forms from both CA and ID. Now I am confused ...
2
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0answers
395 views

Do I have to file California tax return for worldwide income?

I'm a new immigrant (green card) to US, and not live in California yet. I use my friend's home in CA as the mailing address for receiving my letters, packages, and California ID. I plan to move to ...
1
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0answers
9 views

CA state taxes when spouse is part year resident but I'm full year resident

I'm a full year CA resident for 2019 living and working in California. My spouse was working in PA from Jan 1 - July 2019 and moved to CA after her employment ended in PA. She did not work in CA, and ...
1
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1answer
68 views

Tax implications of working from another state due to coronavirus

I work for a company in California which is recommending all employees work from home because of the coronavirus pandemic. I am thinking about working from Michigan instead as an opportunity to visit ...
1
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0answers
149 views

Earning through Lyft while receiving California unemployment

I've read that some states allow a maximum weekly income while on unemployment. I'm wondering if one is able to earn while on California unemployment, and if so, what the maximum is.
1
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0answers
49 views

where to fill tax deduction for legal fee related to “related to doing or keeping your job” in form 529?

I filed for extension in april because i didn't have this information but need to file by Oct 15th. I paid around 750 dollars last year to consult lawyers regarding a threatening letter from a former ...
1
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0answers
54 views

If someone files a claim for short term disability for maternity leave, would future premiums be adversely affected?

If filing a claim for maternity leave does not increase the premiums required in the future, is it because the insurance company is not allowed to use the information, because it is not predictive, or ...
1
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0answers
75 views

Do I have the right to insist on my options being 100% vested if they are for work already performed last year?

I am getting some stock options for work I already finished last year, but they said it needs to vest for tax reasons. My lawyer said I don't have to pay taxes until I exercise my options which ...
1
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1answer
700 views

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 ...
1
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0answers
63 views

Procedure to mail 1040NR-EZ, 540NR from outside of US

I have to mail my federal and state tax returns 1040NR-EZ and 540NR to IRS and FTB, CA respectively from India? What are the mailing addresses and which is the best courier service to choose to ensure ...
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0answers
42 views

Callifornia LLC: how to pick calendar vs fiscal year for filing Form 568?

As title says, how do I pick calendar vs fiscal year for filing Form 568? I called the FTB, who told me to call the Secretary of State, who then told me to call the FTB.. Now I'm here. I Googled as ...
1
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0answers
411 views

Worked on internship on student visa but employer asking me to fill form W-9

I worked for a startup company in California on F-1 CPT for two months in 2016. The CEO gave me personal check for salary payment. He hasn't given me W-2 as of yet and upon contacting him I came to ...
1
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0answers
277 views

Filling tax forms as a Non-Resident Alien paid as an independent contractor

This summer 2016, I was hired as a software engineer for an internship in California. I am a student and came under a J-1 visa. I fail the SPT so I am a non-resident alien (NRA). I was paid as an ...
1
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0answers
100 views

As a US Green Card holder, California resident and German citizen, is investing in European investment funds permitted?

I am a resident of California and a citizen of Germany (green card holder). Is it permitted for me to have money invested in European investment funds? I was told that I'm only allowed to invest in ...
1
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0answers
53 views

Are individuals required to report payments to independent contractors (1099) to CA EDD?

A friend is issuing 1099-MISC as an individual for payments to an independent contractor over $600 during last year. Should he also report those payments to CA state?
1
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0answers
120 views

Claiming FSA money for a nanny share?

We are two families (A & B) going for a nanny share (1 child each). A will be the principal employer where her paystubs come from (children will always stay at A's house, A has the insurance and ...
1
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0answers
119 views

How to limit potential web based income earned in the USA and overseas from California high taxes

I am an English Lady who has just got her green card and I want to set up a web based Life Coaching business, with Worldwide retreats 2/3 times a year. I live in California and want to keep my Tax ...
1
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0answers
63 views

I am trying to estimate the upper-end of taxes on an LLC in California, is this math on track?

Let's say I am an LLC owner in California, with annual profits equal to $1M USD. The business is an online business that makes B2B software sales nationally, but is based in CA. My understanding is ...
1
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0answers
121 views

Inherited deferred comp by minors - tax advantageous approach

If minors who are not currently earning income were listed as beneficiaries on a deferred comp plan and owner of that plan passed away at age 63, what's the right approach to minimize taxes. From ...
1
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0answers
1k views

Income tax filing for F-1 OPT student non-resident in California

I am an international student currently working full time on F-1 OPT status. In 2014, I worked as an intern for 3 months in California. I am confused if I should be filing 540NR short form or long ...
0
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0answers
11 views

J1-Trainee California Tax Residency status

I am a Russian citizen and at the end of 2019 I came to California for a traineeship. I have income in both Russia and the United States (California). From the point of view of US federal tax law, I'm ...
0
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1answer
62 views

Is an individual who hasn't been in California in 2019 but is domiciled in California throughout 2019 a California tax resident?

I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages): [Section E:] Who Are Residents and Nonresidents A resident is any individual who meets any of the following: ...
0
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1answer
114 views

Can I withdraw without account number

I have money issued from the Employment Development Department (EDD), but I don't have the Bank of America EDD Debit Card yet. Can I use my ID to go into the bank and withdraw money even if I don't ...
0
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1answer
85 views

Are employers who got their PPP loan on a later date better off than those who got it early?

My understanding is that payroll expenses that would be eligible for PPP loan forgiveness must be incurred immediately within the next 8 weeks when PPP funds appeared in the employer's bank account. ...
0
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1answer
56 views

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 ...
0
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0answers
29 views

How does withheld California income tax factor into estimated tax installments?

As the venerable federal Publication 505 says, the federal income tax is a pay-as-you-go tax, with two ways to pay as you go: withholding and estimated tax. For estimated tax payments, there are two ...
0
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0answers
25 views

Do I have to file a state tax amendment form too if I filed an incorrect federal return?

Last year (2019), I wrongly filed tax as resident. But I am non resident alien and F1 international student. I filed 1040x amendment form for federal tax. Now my question is that do I need file an ...
0
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0answers
32 views

How to report form 1042s information on form 540nr 2019

I'm an international graduate student living in California. This year, I received both W2 and 1042-S forms (Half the year I was on a fellowship grant and the other half I was being an RA). I have ...
0
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0answers
48 views

If a single owner LLC is closed in Jan 2020, does the company owner still file a return in 2021?

If someone has single owner LLC in California USA and if he/she closes the company in Jan 2020, do you still have to file business tax return in 2021? Specially if company has elected financial year ...
0
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0answers
211 views

How much will my property taxes go up after new construction

Here is the situation: This is in California My family's home was bought 10 years ago at $1,000,000, they are paying over $10,000 in taxes every year. The current market value of the home is around ...
0
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0answers
77 views

Rights as joint tenant paying mortgage

In California, my husband and I bought a home in which we are still paying the mortgage. His family (mom, dad and sister) are not paying anything on the mortgage but all 5 names are on the deed. If ...