FAQs

Does the IRS Have an Amnesty Program for Foreign Bank Accounts? It is legal for an American to have an offshore bank account, but to do so, it must meet specific laws and requirements. A person with an offshore bank account with a balance of over $10,0000 must file a disclosure each year, and income…

What Do I Do If I am Audited by the IRS? If you are being audited by the IRS, it is imperative you act quickly. The IRS has the legal right to ask for verification of any information you provide to them, and when there is any doubt, an audit can lead to extensive fines.…

What Are the Pros and Cons of Offer in Compromise? An Offer in Compromise may be one option for you to get rid of tax debt, but there are both good and bad aspects of this process. Before making the decision to use this method, it is very helpful to understand what you can expect…

Can a trustee be removed in CA? A trustee traditionally has a significant amount of control over the way a trust is administered. They are tasked with gathering assets, meeting creditor requirements, and distributing assets to heirs. The trustee owes the beneficiaries of the trust a fiduciary duty. That is, it is their responsibility to…

What Is Lis Pendens in CA? Lis Pendens is a term that means “pending lawsuit” and one that is sometimes used in litigation related to real estate property. It often relates to the title or an interest in real estate. In legal situations where Lis Pendens is a factor, it may be necessary for the…

Generally, it will take at least twelve to twenty-four months for a trust or will contest for the case to proceed to trial. Of course, this amount of time can change depending upon the various factors of a specific case. Some of the factors in a case that may cause it to take longer are:…