by Viktoriya Khusit | Nov 5, 2018 | Blog |
There are a lot of phone calls from someone claiming to be from IRS demanding immediate payment. Its a scam.
However, IRS can make a phone call, in order :
-to secure a delinquent tax return or employment tax payment
-to tour a business
-when there is an overdue tax bill.
HOWEVER, taxpayers will first receive a letter or notice in the mail from the IRS.
NOTE that:
-IRS will not demand an immediate payment and use a specific method or ask for debit or credit cards.
-IRS does not threaten to bring in local police, immigration officers or other agencies
by Viktoriya Khusit | Nov 5, 2018 | Blog |
On April 30, 2018 the California supreme court made a ruling establishing a distinction between independent contractors and employees. As a part of its decision, the court instituted the “ABC test” for California that will make it nearly impossible to classify a worker as an independent contractors. In order to classify worker as an independent contractor, business entity must prove each of the following:
A. That the worker is free from the control and direction of the hiring entity in regards with the performance of the work
B. The worker performs work that is outside the usual course of the business entity’s business
C. That the worker is customarily engaged in an independently established trade, occupation, or business.
Giving these requirements, it will nearly impossible to legally classify workers as independent contractors.
by Viktoriya Khusit | Nov 5, 2018 | Blog |
Check out a teaser trailer regarding an article below,
click here.
There is a misunderstanding of what Notary certificates when documents are notarized.
Lets break it down and take confusion away.
There are two most common notarial acts that are being performed by a Notary: acknowledgement and Jurat.
Note:Notary cannot tell a signer which form of Notarial act to do. Its illegal. A signer of a document needs to tell a Notary what he/she wants Notary to do.
Lets talk about Acknowledgement.
These are guarantees that Notary provides by motorizing paperwork with acknowledgement:
– signer of a document was physically present during notarization. Face time or Skype sessions are not physical presence
-signer was properly identified by a Notary by using appropriate and allowed forms of identification
-signer acknowledged that he/she signed the document or sign it in front of a Notary
-entire event was recorded in a Notary journal  This might come as a surprise for a lot of people, but signer can sign document anytime and than have it Notarized. With acknowledgement, all signer needs to do is to confirm that he/she signed document to a notary.
Jurat is a document that shows that signer was given an oath and swore that everything in a document he/she signed is true and correct.
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by Viktoriya Khusit | Dec 19, 2017 | Blog |
Serving alcohol at an open house.
Did you know that even though you as an agent want to serve champagne at your open house, your broker have a right to approve or disapprove this action, so check with your broker before you do it!
But besides approval from your broker, a license is required when open house with alcohol is open to the public and you must have both:
-an on sale license from California department of Alcoholic beverages and Control (The ” ABC”) and
-a type 58 catering permit also issued by the ABC
Here is some challenges of serving an alcohol at an open house even if you obtained both permits:
– Make sure no minors are present
– Whoever is serving alcohol have to require identification from guests ( to make sure that are 21 and older)
– Identify if guests are intoxicated and do not serve alcohol to those guests
– Impose a drink limit on all guests
-Include a variety of alternative, non-alcoholic beverages
If it is a broker open (open house is not open to the public)
You may serve alcohol without a license if these three requirements are met:
- There is no sale of alcohol
- Even is not open to the general public
- Premises are not maintained for the purposes of keeping, serving, consuming alcoholic beverages.
- There should be a list of names of people invited, if someone is admitted who is not on a list, event is considered public and license is required
civil code 1714 and Business and Professional Code 25602 and 25602.1
Quick Guide- serving Alcohol at an open house
CAR’s Q&A Serving alcohol at an open house
by Viktoriya Khusit | Dec 18, 2017 | Blog |
Claiming a minor child
How to split the tax benefits.
Couples get divorce and then there is a question who is claiming a minor child on the tax return. A divorce agreement isn’t enough for the IRS, there is other rules, conditions and forms that need to be fill out.
Tax Benefits of claiming a minor child on a tax return:
- Head of Household Filing Status
- Earned Income Credit
- Child & Dependent care tax credit
- Dependency Exemption
- Child Tax Credit
Parent with which child resides most of the time is custodial parent, and another one is noncustodial. Usually custodial parent claims all the benefits if eligible, unless he or she signs form 8332 then benefits are getting split between two parents. Custodial parent still able to claim Head of Household Status, Earned income credit and child & dependent care credit (if eligible) and noncustodial parents claims dependency exemption and child tax credit (if eligible).
Parents need to understand that it does not matter if noncustodial parent pays child support or other household expenses for the child; tax law gives priority to the parent who resides with the child for most of the year, and not necessary fully supports the child.
Noncustodial parent needs to receive sign form 8332 from custodial parent and attached it to the tax return, if he or she is claiming tax benefits.
Contact VK Consulting LLC at 818-455-2630 if you need help filing your tax return or any other forms.
