Get free answers to your Tax Law legal questions from lawyers in your area.
answered on Nov 19, 2024
Although I have experience in this area of law, I haven't dealt with this specific issue. I am confident, however, it's not as simple as declaring it the same parcel as the owner. If you came to me looking to hire an attorney, I would like to know why and where. Rob Kane Eagan Minnesota Attorney.
My property taxes were adjusted to a higher income which lowered my return by $800.00 because his income was attached to mine. I now have to find an affidavit form stating he is a non-resident at my address and have it notarized. I cannot find a form to fill out and have notarized to send to... View More
I want to give this lot to my son-in-law so he can construct a storage building. He does not wish to build on my land, as family dynamics could change.
answered on Oct 21, 2024
There are certainly formalities with an real property transaction. Once you sell the property to your son-in-law or anyone else you obligation is over. There may be complications if daughter divorces him someday, but that would be between them from a legal standpoint. You may to consult with an... View More
living in a hotel for 9months. I found out from another guest, after 30 consecutive days of living here, we should be exempt for paying state and city lodging tax. They continued to charge us and say we need to bring paper work from the county to prove that. Can I get a refund for that? They charge... View More
answered on Aug 15, 2024
If you’ve stayed in the hotel for more than 30 consecutive days, you might indeed be exempt from paying state and city lodging taxes. You should check your local laws, and if the exemption applies, you could be entitled to a refund for those taxes. You may need to gather documentation showing... View More
answered on Jun 1, 2024
In the United States, there is no federal inheritance tax, but there is an estate tax that applies to the total value of an estate before it is distributed to the heirs. For 2024, the federal estate tax exemption is $12.92 million per individual. This means that an estate valued below this amount... View More
answered on Mar 20, 2024
In Minnesota, understanding how estates are divided upon the death of a spouse can be complex due to the state's laws and the specific details of your situation. Generally, when the first spouse passes away, the distribution of the estate depends on whether the assets were owned jointly or... View More
the exemption? The farms have been, and still are family farms now operated by my son. What kind of a trust would it have to be? Thank you
answered on Mar 11, 2024
As a Minnesota resident, you can use trusts to help manage your estate and potentially reduce your estate tax liability. However, the specific type of trust and its effectiveness in reducing estate taxes will depend on various factors, such as the value of your estate, the nature of your assets,... View More
I didn't really understand unemployment when on it. Confused still. Now I could owe a ton of money
answered on Nov 7, 2022
Hi! You may need to reword your question. Do you owe unemployment taxes? Did you take out unemployment and now owe money back for over payment? There are a few ways to interpret what you are saying.
answered on Jul 23, 2022
If the issues is not addressed in the decree, IRS rules govern. The parent with the child the majority of the time gets to claim the child. If both parents have equal time, the parent with higher income claims.
My ex and I have a now 9 year old daughter that he has had very little to do with. He has not made any attempts to see her in over two years. Last spring we had a very nasty dispute over taxes as I discovered he had been claiming her every year saying she lived with him half the time (lie). I had... View More
answered on Nov 11, 2021
It sounds as if you were never married. Was there any adjudication of paternity? If not, he has no right to claim her.
Going forward, the judge can award the exemption to you alone. Based on what you’ve said, that seems appropriate.
If the decree doesn’t address taxes, IRS... View More
a levy was filed on my husband by a CC company in Dakota county. There was $2880.00 frozen in our account because of it. My husband is currently in the Feds at FCI Gilmer in WV. He has been there for over 1 year. The judgement is for debt that was incurred before we were married or even knew each... View More
answered on May 29, 2021
Open a. Ew account only in your name to protect yourself. If you can show that the money in this account that was seized came from your earnings, you should be able to recover it. You need to move fast as there are time limitations on filing such objections. I recommend you hire a lawyer to help... View More
The business would be massage therapy and I would be renting space from a salon in town. I want to make sure I am establishing the business correctly and charging the right amounts for tax purposes and filing my taxes appropriately.
answered on Mar 17, 2021
You should consult directly with a business law firm as this is much more complicated than can be fully answered on an internet forum like this.
i entered the open line while the opposite line was closed at work zone in Faribault mn then police officer stop me and got picture on my driver license, said to me we will send you a ticket to you mail? is it a serious ticket or warning ?
answered on Aug 11, 2020
It sounds like the are citing you for something. They do not generally mail warnings to someone. You will likely receive a citation at the address on your license. It would be wise to speak to an attorney to see if you can keep this off of your record.
My sister has been handling my mother's finances but does not provide annual report of her income ( pension funds, stocks, bonds, annuities,) nor copies of her tax returns. I am her son and live-in caretaker. If my sister refuses to provide this, how can I obtain a copy of her tax returns? Is... View More
answered on May 12, 2020
File a request for transcripts, form 4056-T, under your mother's account and have her sign it.
As far as legality it depends on the the state of your mother's mental capacity and any court orders. if your mother is competent and sister is handling the finances you don't have... View More
The sole revenue for the 501c(3) is Consulting Fees from the Directors solely owned Scorp, and it's sole expense is the Directors salary. Is this legal or tax evasion?
answered on May 28, 2019
FYI, it is not unlawful for a 501c3 corporation to own a for profit corporation. However, revenue from any source must be reported to the IRS. The 501c3's gross revenue can be offset by deductions if the deductions are actually related to the charitable (or educational or religious) purpose(s)... View More
W-2g wins within same day came to over 50,000 even though I had losses to cover this. It was still considered income now my social security disability is taxable at 85%
answered on Feb 22, 2019
You have to report the W-2gs and reduce the amount of the winnings by your losses.
You cannot take those losses against any other income.
i still owe a "shared responsibility" from 2015, when i made barely enough to afford rent, but could not afford groceries, let alone health insurance. I am still getting harassed about it this year. With the individual mandate penalty being eliminated with this new tax bill, will that... View More
answered on Dec 10, 2018
It is not retroactive so you will still owe the penalty. Did you look into whether you were exempt?
Assuming I had 255k of taxable income, but they cleaned me out is there a possible law suit
answered on Jun 6, 2018
The IRS has the right to file what is called an SFR - substitute for return on your behalf. If they see a substantial amount of income that was reported to them from third-parties, they will likely conduct an audit of your account and force the preparation of a tax return. Once there is an... View More
I am 100% owner of my 1120-S corporation and am 71 years of age. My 401K is company sponsored.
answered on May 24, 2018
You can withdraw from your 401k anytime, in fact, you should have an amount that is required to be distributed from the plan once you have reached 70 1/2. The distribution will be taxable to you upon distribution, but once you’re of age it will not be a early distribution and therefore won’t... View More
Tax attorney should have caught all that before we sent in the OIC. They never said if everything wasn’t complete the IRS would take the 20% payment we had to send in and we’d have to pay another 20% to resend in the OIC once all papers were filed.
answered on Apr 8, 2018
It is difficult without seeing what was submitted to tell you whether this should have happened or not. If you neglected to tell the attorney that you had an asset, for example, and did not provide the attorney the proper documents that is not their fault. If it is something that the attorney... View More
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