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What kind of taxes are to be paid for commercial real estate properties?

commercial real estate What kind of taxes are to be paid for commercial real estate properties? As an owner of commercial real estate, it is essential to understand the taxes associated with your investment. Due to their familiarity with residential property, the majority
Posted in Real Estate, Tax Law

Filing Requirements Part ll – Failure to File Tax Returns

Failure to File Tax Returns Failure to File Tax Returns If a corporation or LLC fails to file their tax returns, pay their taxes, or pay any fees and interest their rights, powers, and privileges could be suspended. An LLC is considered a pass-through entity
Posted in Tax Law

Out-of-State Partnership in California

Out-of-State Partnership in California Out-of-State Partnership in California The company LCP VII Holdings LP was a foreign partnership with holdings in entities both in the United States and abroad. The company had California-source income from pass-through entities. On the basis that they did not
Posted in Tax Law

Tax Implications of Children’s Summer Jobs

Tax Implications of Children's Summer Jobs Tax Implications of Children’s Summer Jobs If you employ your child during the summer season you open yourself up to some coveted and vaunted exemptions. In order to avoid tax pitfalls, be aware of the possible tax risks you might
Posted in Tax Law