Best Tax Attorneys in Glendale

FAQs

• Where does the Tax Court hold trial sessions closest to Glendale, California?

  The Tax Court that holds trial sessions nearest to Glendale is located in Los Angeles with address at Rooms 1167, 1174, Edward R. Roybal Center & Federal Building, 255 E. Temple Street.

• Where is the low-income taxpayer clinic that is closest to Glendale, California?

  There is a low-income taxpayer clinic located at the Glendale Central Library with an address at 222 East Harvard Street Glendale, CA, 91205.

• Will the IRS tax you if you have cryptocurrency accounts in Glendale?

  Yes, the IRS will tax all your cryptocurrency transactions in Glendale. Cryptocurrency is considered as a property and will be treated as such. This means that you may pay taxes once you sell, just like a real estate property having capital gains tax. You are also required to report all transactions such as buying goods using your cryptocurrency or transferring assets from one wallet to another.

• Will your tax debt be discharged in Glendale if you filed for bankruptcy?

  The tax implications when you file for bankruptcy in Glendale can be quite complex. It is important to note that not all of your tax debts will be discharged during bankruptcy. All your debts from unfiled tax returns, penalties, and trust fund taxes are not dischargeable. Your income taxes will be discharged if you meet certain criteria, such as no records of tax fraud and tax evasion.

• How do you qualify for assistance from a low-income taxpayer clinic in Glendale?

  In order for you to qualify for assistance from a low-income taxpayer clinic as a resident of Glendale, you must meet some requirements. You must have an existing dispute with the IRS and that the amount in dispute is not more than $50,000 in any given taxable year. Please note that your household income should not exceed 250% of the current Federal Poverty Guidelines.

• How much is the sales tax rate for cannabis sales in Glendale?

  Since the legalization of recreational marijuana use in California, the state government has been imposing different taxes on the sale and cultivation of the plant. There is a 15% tax, also considered as the California dispensary sales tax, on every retail transaction in the state. Glendale retailers are also required to apply for a Cannabis Retailer Excise Tax permit in order to be able to file returns.

• What is a cultivation tax in the cannabis industry in Glendale?

  The cultivation tax that is being imposed on cannabis growers in Glendale and across the state of California is about $161 per pound as of January 1, 2022. This cultivation tax is applicable to flowers and leaves that enter the market. It is also based on the weight and category of the plant.