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California State Taxes – The Facts

Okay, child care providers now you are comfortable because your brother-in-law found you a good attorney that gets it. Here is the scenario that has occurred around the country. The well intentioned attorney represents you in court but what is he really doing? He is trying to stretch out the foreclosure process. Paying an attorney on a monthly basis instead of the bank creates cheap rent for you. But, you MUST continue to finance the efforts of your attorney. At the end of the day when the lights are turned out, the attorney comes to you and says « we won ». You won what? You won a dismissal without prejudice. This means the opposing counsel simply says to the judge, « see you next month, because we will be back ».

CTEC courses Ideally, the investor would like to rent and cover totally or a significant part of his monthly mortgage costs, his insurance, maintenance or condo fees, and his taxes.

The acceptance of the Articles of Organization by the Secretary of State means nothing when it comes to your LLC. It only means a shell entity has been created. You have no rights with this shell entity. Why? You are not an owner [called a « member »]. The perspective owners must by their way into the LLC. The rules for how the LLC is going to be managed also must be set forth in an Operating Agreement, a matter to be negotiated between the various entities. Issues such as voting rights, the right to bind the LLC to agreements, tax filing issues and so on must all be dealt with.

CTEC classes Our local governments, our cities and counties have aggravated the problem by unrestricted spending, and while they affirm that they are seeking ways of easing the property tax burden without affecting anybody (which is of course impossible), home insurance premiums have skyrocketed, and no big relief is in the horizon, no change. Except for home prices. Because hardly anybody can buy them any more. Now you ask me when these prices are going to go up again; when people will start buying homes again, when we will be back to normal. Do you think I can perform magic?

As in any other activity, car donation requires some thought, planning and research. First, you need to clarify your objectives in donating a car in California. Are you motivated by sheer good will or are you also looking at deriving some benefits for yourself? Do you intend to claim your donation as a tax write off? What particular causes do you support and what are your criteria in choosing a beneficiary charity? Your answers to these questions will help you narrow down your search for a beneficiary institution. Likewise, those will help you define your strategy in donating your car.

CTEC approved provider Other requirements must be met such as the purchase must be a single unit like a detached home or condominium. The applicant must be eligible for the California homeowner property tax, and they have to live in the unit for two years.

Now, all of the above statements are « known » facts. But if you would do your own research…. Wait, let me state that again. IF YOU WERE TO DO YOUR OWN RESEARCH, you would find that not only are the above statements false, but in most cases, they are the complete opposite of the truth.

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