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  1. Re: Tax Consequence of Receiving a Percentage of Business

    Hi Mr. KIA,

    If the business were to sell for 15M I would gross approx 1.5M from the sale (@ a rate of 10% ownership). As for the structure, well, that is why I'm asking. Perhaps I need to...
  2. Tax Consequence of Receiving a Percentage of Business

    If I were given 10% of my companies business, the company sells, I stand to gross 1.5M, is this considered income or capital gains? The obvious answer is income, but???? Who would you consult with...
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    Adverse Possession: Re: Los Angeles County Adverse Possession

    That's great! Thank you!
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    Adverse Possession: Re: Los Angeles County Adverse Possession

    That is the exact definition I read and the web link as well. I thought I was being studious when I looked up a few of the key adverbs, but perhaps I'm just too ignorant of the law and its jargon to...
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    Adverse Possession: Re: Los Angeles County Adverse Possession

    Wow, I have to say, I am just shocked (in a very good way) that your opinion is in my favor. After reading the definition for adverse possession I truly believed the situation hopeless for us. ...
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    Adverse Possession: Re: Los Angeles County Adverse Possession

    Thank you so much for the reply. I'm afraid it gets worse. The neighbors have planted quite a few beautiful plants up against the garage wall and have done some block wall, brick and plaster work...
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    Adverse Possession: Los Angeles County Adverse Possession

    Hello... your input would be greatly appreciated for my situation.

    Background; Rented home from 1989 - 1996
    Purchased this home in 1996

    Previous owner/landlord had verbal...
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