Get free answers to your Tax Law legal questions from lawyers in your area.
I am the successor trustee for my parents' revocable living trust. Both parents are now deceased as of last week. In speaking to one mutual fund I was told because the trust has always had its own EIN this may preclude the basis step up when the funds are divided as per the trust... View More
answered on Apr 22, 2019
The trust is either revocable or irrevocable on its terms not based on the use of an EIN.
IRS customer service reps are complete morons.
Hire an attorney.
My mother recently passed away in January 2019. I am executor of her estate& beneficiary. She & my dad(deceased2013) paid property tax on 5.08 acres. Du to title search performed when she passed there is only 4.26 acres. Last deed was dated 1979. Can I make them credit me back to when... View More
answered on Apr 1, 2019
If the person who told you that the time limit is 3 years is an official of the taxing authority imposing the tax--as opposed to some well-meaning friend--then you should believe the official. In Florida, the county taxing authorities must give written notice of any change in the current assessment... View More
With the understanding that we would never the put out evicted or any thing of that matter and we were to live there until our deaths upon signing the papers I the mother his soul financier of this property and its taxes who was evicted within two months and now my brother is being threatened with... View More
answered on Apr 1, 2019
Your unfortunate situation was caused by your erroneous belief that non-lawyers can do very important things that involve their property rights without benefit of counsel. So now, rather than hire a real estate lawyer to help you avoid the errors before you made them, you will have to hire a civil... View More
The husband claims the children
answered on Feb 11, 2019
If you're married and not legally separated you either file married joint or married separate you're not allowed to file Head of household.
If you're legally separated or divorced HoH filing status goes to whoever is allowed to claim the children as a dependant as the... View More
I live in Georgia, but I am adopting two children from the Utah foster care system. Can I apply for a state tax credit in my Georgia tax returns, or do I have to complete a Utah tax return and get a Utah tax credit? The tax credit is much better in Georgia, and I would prefer to only complete one... View More
answered on Feb 10, 2019
As a resident of Georgia you would claim the Georgia credit.
Utah requires the adoptive to be a resident at the time the adoption order is granted as a resident of Georgia you would not qualify.
Thanks for adoptin
answered on Nov 27, 2018
Your human resources department will be sent a formula to follow to determine what they can take. You are usually left with a small amount. Without more information I cannot tell you what you will be left with after the levy. Frequently a tax attorney can set up an installment agreement that... View More
we have a small business that had cash sales. we did not report these sales for years. we would like to come clean and report these sales to possibly prevent future prosecution, fines and possible jail time.
answered on Nov 26, 2018
A Tax Attorney would be the best professional to guide you through this process. It is very important the matter is handled with someone you have an Attorney Client privilege with. You can contact our office at 855-900-1040.
They state I owe 212.00 plus penalty and interest. Is this a valid claim on their part ? I mean 6 yrs after filing then bam you owe this ? I have never owed Ga state taxes since I have lived here for 15 yrs.
answered on Nov 19, 2018
The only way to know is to have a Tax Attorney contact Georgia and conduct a State Tax Investigation. Please let me know if my firm can help: 855-900-1040. The statue of limitations for Georgia runs longer than the IRS.
Best,
Chad Silver Sliver Tax Group
What should i do, because i located my actual w2. I fear i am committing fraud. Should i contact IRS now to let them know or wait for them to send me documents. I am very scared and feel very stupid.
answered on Nov 12, 2018
Is there a substantial difference? If there is, amend your tax return. If not, it is hardly fraud.
It was a family estate that was sold by one of the grandchildren and the only living sibling was not involved because the grandchild had the original will changed by his grandmother who had been diagnosed with Alzheimer’s disease.
answered on Aug 14, 2018
You need to talk to a CPA about this, not an attorney (unless they are a tax attorney).
amount, but the city would not approve it. We have had several offers for that amount but again the city wouldn't approve it. We now have a contract for $500,000. We didn't get an appraisal at the time of his death, would the previous sale price show the value of the property at this... View More
answered on Jul 28, 2018
It would depend on a number of factors. How close was the sale before he passed and was there an appraisal for the sale? If there was a third party appraisal within 12 months of his passing you could make that argument. However you may need to hire an expert.
my primary residence for 4 years. We sold this year and he gave me 1/2 of the proceeds. How will I be taxed on this money according to real estate law?
The employer is saying they cannot issue the pay without my tax information. Is that correct? It was only for one week and would prefer to not divulge social security, etc. if not necessary.
answered on Mar 28, 2018
Yes. You need to provide the information. This is the only way they can properly report the taxes to the IRS.
answered on Mar 24, 2018
No, it is not.
I had to file a quit-claim to remove myself from the deed. Ex-wife has 3 years to refinance or sell the house. Until then, the mortgage remains solely in my name although, she pays the monthly payment. Who gets to claim the mortgage interest on our taxes?
Mr A married/sep - he wife is filing single/ claim son - doesn't know SSN. Live w/gf, had a baby, she doesnot work
answered on Mar 1, 2018
If you are asking if you can claim your new baby with your girlfriend the answer is yes.
He has lived with me for 13 months. He is unemployed right now because of an illness. That's why he lives with me. When I told him I could claim his said "No don't I haven't paid child support in years so the IRS will take my return". I just need to know what to do.
answered on Feb 13, 2018
You need to ask a tax professional.
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