I have aggressive debt collectors (lawyers) trying to satisfy a judgment, which I'm currently appealing, through community property. Despite knowing I've been a homemaker for years (since 2013), they're using California Family Law 910(a) to demand my spouse's financial information (we got married in 2014). He had no knowledge of this 20+ year-old debt, and neither the community property nor I have ever benefited from the degree associated with it (student loans from the Swedish government to study in the US, 1999-2003). Are they really able to go after my spouse and our community property for this decades-old foreign debt? I’m struggling to understand the concept of 'commingling' and whether it applies to my situation. No community funds have ever been used to pay this debt.
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss
In regards to filing form 2553 for S-corp election: In a community property state, does the other spouse still have to sign as a consenting spouse in Part 1 Section J-N even if only one spouse is listed as the sole member of the SMLLC?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/carlss
I have aggressive debt collectors (lawyers) trying to satisfy a judgment, which I'm currently appealing, through community property. Despite knowing I've been a homemaker for years (since 2013), they're using California Family Law 910(a) to demand my spouse's financial information (we got married in 2014). He had no knowledge of this 20+ year-old debt, and neither the community property nor I have ever benefited from the degree associated with it (student loans from the Swedish government to study in the US, 1999-2003).
Are they really able to go after my spouse and our community property for this decades-old foreign debt? I’m struggling to understand the concept of 'commingling' and whether it applies to my situation. No community funds have ever been used to pay this debt.
I would recommend setting up a free consultation to talk about some strategies and how they apply to your unique situation. Sign up here: aba.link/carlss
In regards to filing form 2553 for S-corp election: In a community property state, does the other spouse still have to sign as a consenting spouse in Part 1 Section J-N even if only one spouse is listed as the sole member of the SMLLC?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/carlss
Do I just put 50% of the one W2 income on each spouses 1040?
To get the best answer tailored to your specific circumstances, I recommend scheduling a free consultation with my team. Visit: aba.link/carlss