Legal Question in Tax Law in California
My corporation has been suspended by FTB for non filing of tax returns and non payment of fees for ten years.
The corporation must sell it's real estate to pay the fees, but cannot legally sell the property until it is revived. Is there any way to work around this. Thank you.
Asked on 7/01/15, 10:51 pm
1 Answer from Attorneys
William Christian
Rodi Pollock
Sure. You loan it the money, then it pays for the reinstatement. You get repaid when the sale closes.
Answered on 9/09/15, 5:33 pm
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