The state of California can perform this action if needed. However, the state can only do so within its state borders.Ê
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
A levy involves seizure of property. Only the I.R.S. or state government can place a tax levy on someone's property. Here is a helpful link: http://www.irs.gov/businesses/small/article/0,,id=108341,00.html
the state of california franchise has levyed my bank account and safe deposit can that re referred
That California is a community property state, so if the account in question is anything other than very specifically maintained as "sole & seperate" property...it's essentially all his and yours by law, you've got a problem.
A levy is when a creditor is allowed to take and sell your personal property. This can be a tax levy or some other form of judgment.
yes
Yes, property tax is deductible on California state taxes.
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
Yes.
Yes, California is a community property state, not a common law property state. In community property states, assets acquired during marriage are generally considered jointly owned by both spouses.
Inherited property is not generally considered community property. However, if the property is located in another state, the property laws in that state govern. For example, California is a community property state. If the married couple from California inherited land in massachusetts, that land would not be held as community property since Massachusetts is a separate property state. If the California wife purchased property in her own right in massachusetts it would not become community property of the marriage. Massachusetts law would govern the ownership of the property.
Yes, property taxes are deductible in California for state income tax purposes.