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0 Answers | Asked in Tax Law for Wisconsin on
Q: Our town sent a overpayment property tax check in error. Are we responsible to pay it back?

They applied another person's taxes to ours. Also we switched mortgage companies and we thought both services paid from escrow.

1 Answer | Asked in Real Estate Law and Tax Law for Louisiana on
Q: I bought a tax lien from the city of New Orleans in 2013.

I invested some money into cleaning it up and maintaining for a year. I never heard from the owner and let it go as a bad investment. The owner has reached out to me wanting to redeem the lien. In the meantime, someone else bought the lien again. So two of us have a lien on the property. The second... View More

James L. Arrasmith
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answered on Mar 26, 2024

In situations like this, consulting with a real estate attorney who has experience in tax lien cases is advisable. These professionals understand the nuances of property law, tax liens, and redemption rights. They can help you navigate the complexities of your situation, including the implications... View More

1 Answer | Asked in Tax Law for Georgia on
Q: Should I use the 1040 or the 1040NR?

What is the appropriate tax form to use when filing taxes as an applicant with an ongoing green card application? Should I use the 1040 or the 1040NR?

James L. Arrasmith
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answered on Mar 26, 2024

You should use the 1040 form if you are considered a resident alien for tax purposes. This generally applies if you meet the Substantial Presence Test, which involves being physically present in the U.S. for at least 31 days during the current year and 183 days during the three-year period that... View More

1 Answer | Asked in Tax Law for Georgia on
Q: Should I use the 1040 or the 1040NR?

What is the appropriate tax form to use when filing taxes as an applicant with an ongoing green card application? Should I use the 1040 or the 1040NR?

James L. Arrasmith
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answered on Mar 26, 2024

You should use the 1040 form if you are considered a resident alien for tax purposes. This generally applies if you meet the Substantial Presence Test, which involves being physically present in the U.S. for at least 31 days during the current year and 183 days during the three-year period that... View More

1 Answer | Asked in Real Estate Law, Tax Law and Civil Litigation for Puerto Rico on
Q: I am currently being sued by my ex regarding my half of my apartment in Puerto Rico. My ex is claiming that I abandoned

the property and demanding that I pay for her lawyers' fees. This is not a divorce case. We own a condominium apartment and this is our first home together. We have owned the property for a year now. I paid more than half of the apartment cost, yet we still own it 50/50. I left said property... View More

James L. Arrasmith
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answered on Mar 26, 2024

When you decide to donate your half of the property in Puerto Rico to your ex, there could be tax implications depending on the value of the property and the laws in place. In Puerto Rico, the donation of real estate is subject to the payment of a donation tax unless specific exemptions apply. This... View More

1 Answer | Asked in Tax Law on
Q: Are gambling winnings taxable in Quebec?

I have made money with online sports betting

James L. Arrasmith
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answered on Mar 26, 2024

In Quebec, like in other parts of Canada, the taxation of gambling winnings, including those from online sports betting, largely depends on the nature of the activity. If gambling is not conducted as a business activity or as a primary source of income, generally, the winnings are not taxed. Most... View More

1 Answer | Asked in Tax Law and Civil Litigation for Texas on
Q: What type of attorney do I need to sue my deceased sons landlord for letting my daughter go in and steal his assets

I'm in texas. My son lived 7 hours away. Landord allowed her to remove assets when I told him his father and I would be in following day. I explained I was next of kin.

James L. Arrasmith
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answered on Mar 26, 2024

In Texas, for a situation involving the mishandling of a deceased person's property, you may want to consult with an attorney experienced in estate law or probate law. These attorneys handle cases related to the distribution of a deceased individual's assets and can help navigate the... View More

1 Answer | Asked in Tax Law, Real Estate Law and Cannabis & Marijuana Law for Florida on
Q: I'm a GM working for a dispensary. I pay federal taxes out of my check but I can't get an FHA mortgage. Is this illegal?

I also get a W2. I work for a reputable dispensary operating over 40 stores in Florida. I understand it's not legal on the federal level but why am I paying federal taxes if they don't recognize cannabis income?

The easy fix would be to have it rescheduled to a schedule III... View More

James L. Arrasmith
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answered on Mar 25, 2024

Your situation reflects a complex intersection of state and federal laws. While cannabis may be legal in certain states, including Florida, it remains illegal under federal law. This legal discrepancy leads to your current dilemma: despite receiving a W-2 and paying federal taxes, your income from... View More

1 Answer | Asked in Tax Law for Texas on
Q: Do I have to charge sales tax for video editing services in Texas?

If I do a video edit for a client and they provide me all the footage do I need to charge them sales tax?

James L. Arrasmith
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answered on Mar 25, 2024

In Texas, not all services are subject to sales tax; however, there are specific services that do fall under taxable categories. While the state's general approach leans towards taxing tangible personal property, certain services, especially where tangible personal goods are not primarily... View More

1 Answer | Asked in Business Formation, Business Law, Mergers & Acquisitions and Tax Law for Wisconsin on
Q: Hypothetically, if an organization with the same model of habitat for humanity, but they give away houses.

What implications are there to giving a house away with the land? (The land in purchased from the city by HH.)

James L. Arrasmith
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answered on Mar 24, 2024

If an organization similar to Habitat for Humanity decided to give away houses along with the land, several implications arise. First, the recipients would gain significant financial security and a sense of permanence, as owning both the house and the land secures their place in the community and... View More

1 Answer | Asked in Business Formation, Estate Planning, Mergers & Acquisitions and Tax Law for Wisconsin on
Q: Hypothetically, if an organization with the same model wanted to build houses in the same manner but give the house away

What implications are there to giving a house away with the land? (The land in purchased from the city by HH.)

James L. Arrasmith
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answered on Mar 24, 2024

If an organization decides to give away houses along with the land, purchased from the city, there are several factors to consider. Firstly, there might be tax implications for both the giver and the receiver. The value of the house and land could be taxable as income for the recipient, depending... View More

1 Answer | Asked in Tax Law on
Q: Will I fall in a fine with the irs with a disssolution order placed for an llc without the beneficial ownership report?

If I do not file the "beneficial ownership information report" even with the dissolution of the llc scheduled, will I fall in a fine with the irs?

hello I formed an llc from abroad as a foreigner using legalzoom on january 4, I am not in the us, neither a citizen, but a foreigner.... View More

James L. Arrasmith
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answered on Mar 24, 2024

Filing the "beneficial ownership information report" is crucial, regardless of the dissolution status of your LLC. Neglecting this requirement can lead to fines, as it is part of the regulatory obligations set by the authorities. Even though your LLC is in the process of dissolution, the... View More

1 Answer | Asked in Tax Law for Texas on
Q: Will i need to pay tax on money if i claim it from a deceased relatives offshore bank account
James L. Arrasmith
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answered on Mar 23, 2024

When you inherit money from a deceased relative's offshore bank account, tax implications can vary based on the laws of your country and the country where the money is held. Typically, inheritance itself may be taxed, and different countries have different rules regarding overseas assets.... View More

1 Answer | Asked in Tax Law for New Jersey on
Q: Non relative Canadian Citizen wants to gift funds for my son college tuition. Are there tax implications on our end

My son is a US citizen. Do we pay any taxes on our end. Probably around 40k gifted.

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answered on Mar 22, 2024

When a non-relative Canadian citizen gifts funds for your son's college tuition, and your son is a US citizen, the tax implications primarily concern the donor, not the recipient. In the United States, gift recipients do not generally have to pay taxes on gifts received, no matter the amount... View More

1 Answer | Asked in Appeals / Appellate Law, Tax Law, Banking and Federal Crimes for Ohio on
Q: can you deposit a federal income tax check in your account for someone in Jail if you have their financial poa?
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answered on Mar 22, 2024

If you have a financial power of attorney (POA) for someone who is currently incarcerated, you generally have the authority to manage their financial matters, including depositing checks on their behalf. This includes federal income tax refund checks. However, the specific actions you can take... View More

1 Answer | Asked in Tax Law for Illinois on
Q: I paid my property tax to the wrong account and the owner of the property is not paying back.

I mistakenly paid my Illinois property tax to the wrong PIN, and despite my efforts to contact the property owner, I haven't received a response. The Treasurer's Department sent an initial letter to the owner on March 15, 2024, and I also sent a letter at the beginning of March. Despite... View More

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answered on Mar 21, 2024

First, you should consider contacting the Illinois Treasurer's Office or the county treasurer's office directly to explain the situation and inquire about possible procedures for correcting the payment made to the wrong Property Index Number (PIN). They may have a process in place for... View More

1 Answer | Asked in Tax Law for North Carolina on
Q: I owe back taxes for a bunch of years that isn't being deducted from my pension. I need to fix it. Who do i contact?

It's mainly state taxes but some federal also. I dont know who to call without being ripped off by tax relief services.

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answered on Mar 21, 2024

For federal taxes, reach out to the Internal Revenue Service (IRS) directly. They can provide guidance on how to address your back taxes and may offer payment plans. It's crucial to communicate with them to avoid additional penalties and interest. Their website also provides resources and... View More

2 Answers | Asked in Tax Law, Collections and Municipal Law for Connecticut on
Q: I just received a letter from a collection agency for a tax bill from 2009/2010, that I have never been notified of

I had an accountant that was in charge of things, who is now in federal prison and has cost me 22,000 over this time and now I’m looking at another 9,300. Can I do anything? I live in this town and am in there to pay ALL of my taxes a couple of times a year. Not once was I ever told about this

Barry W. Kaufman
Barry W. Kaufman
answered on Mar 21, 2024

OK, well, either you owe the tax bill because the accountant didn't pay it, or he paid it and the government is wrong. The one thing that is clear is that you cannot rely on "my accountant handled it" to avoid paying a valid tax bill. I think the best course of action is to retain an... View More

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1 Answer | Asked in Tax Law for Georgia on
Q: Regarding stock investments

I have invested about $3500 into Nvidia stock, and at this point, it has garnered me about $350 profit. I haven't sold yet because I have a question regarding it. I know I have to pay capital gains taxes, but after I sell, would I have to pay taxes on the $3500 investment, or only on the $350... View More

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answered on Mar 20, 2024

In the realm of stock investments, it's important to understand how taxes on profits work. When you sell stocks, like your Nvidia shares, you're only required to pay taxes on the profit you make, not the total amount you initially invested. In your case, this means you would only owe... View More

1 Answer | Asked in Tax Law for Minnesota on
Q: When the 1rst spouse dies, is his/hers estate considered 1/2 of the couples entire estate?
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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

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