I'm married and trying to add my husband to our son's birth certificate. He was present at the birth and has cared for our son since he was born. We got married a little over 2 weeks ago. The local county office told me I couldn't use a VDOP form because I'm married and might... View More

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James L. Arrasmith Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 12, 2025

In California, the process for adding your husband to your son's birth certificate is complicated by your recent marriage. When you married after your child's birth, you created a legal situation that requires careful navigation of California Family Code provisions.

Despite what... View More

I have a revocable trust and want to know if I should put my IRA into the trust. My main goal is to prevent my child's father from controlling my minor child's assets, as her guardian will be my brother. Are there any tax implications associated with this decision?

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Nina Whitehurst Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 12, 2025

You absolutely do not want to re-title your IRA to your revocable trust because that would be a taxable event and also would stop all tax-free growth in the account. What some people do is name their trust as the beneficiary of the IRA. That is something that you might consider with the advice of... View More

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I established an LLC in March 2025 for a video game studio and am currently developing my first game, projected for 3-5 months of production. I aim to bring in 5-6 people to assist with components like music, art, and programming, and I intend to compensate them once the game is published and... View More

I recently closed my deceased mother's IRA account and have been advised that I will need to pay tax on the proceeds. I'm her daughter and trustee. The bank will report the information to the IRS, and I filled out what I believe was a W2 form. What percentage of the amount is typically... View More

I am an insurance agent in New Jersey and purchased a book of business in 2020, financing it through a loan from a company owned by my insurance carrier. The loan's interest rate started at 11% and has risen to 14.83%, yet my monthly payments predominantly cover interest rather than principal.... View More

I am in the process of receiving a monetary settlement from the Boy Scouts of America trust fund for sexual abuse that occurred in 1969 when I was 9 years old. I am now 67 years old, and live in Minnesota. My attorneys are from Portland, Oregon, and they informed me that they cannot assist with... View More

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James L. Arrasmith Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 10, 2025

Under federal tax law, the Internal Revenue Code Section 104(a)(2) excludes from gross income "damages received on account of personal physical injuries or physical sickness." The IRS has specifically addressed sexual abuse settlements, indicating that they assume personal physical... View More

My grandmother's property was left to me in her will, and it has been probated in Pennsylvania with me as the sole heir. I'm in the process of transferring ownership to myself, and there are taxes owed on the property. My goal is to eventually sell the property, and I need guidance on... View More

Michael Cherewka
answered on May 9, 2025

First, if the Will has been probated and the property is a specific bequest to you,it is the Executor's responsibility to prepare and record the new Deed for you. If you are the Executor as well as the heir, then you can prepare and file the Deed. Since your intent is to sell the property... View More

I am forming a Pennsylvania LLC to purchase a rental property in Pennsylvania, but I currently live in New York. My LLC is registered in Pennsylvania with the help of a registered agent, but I don’t have a business address in Pennsylvania. Instead, I use my home address in New York for my EIN and... View More

I am a used car dealer in Lincoln County, Tennessee. In the past, the County Clerk has not charged wheel tax on unregistered vehicles in my inventory when purchasing tags. However, I have heard that the County Clerk plans to start charging this tax. Are used car dealers in Tennessee required to pay... View More

In Florida, my mother currently pays very low property taxes on her lakehouse, which is not her primary homesteaded residence. She has a Lady Bird Deed set up to transfer the property to me upon her death. However, I am concerned that the property will be reassessed and the property taxes will... View More

Phillip William Gunthert
answered on May 7, 2025

The Trust and the Enhanced Life Estate Deed (Ladybird Deed) if property drafted generally will not have any impact on the property taxes as the property would usually continue to be owned and controlled by your mom during her lifetime. Your current estate planning attorney should be able to address... View More

I filed an Indiana business zero return for a pass-through entity but did not file a composite return due to oversight by my Colorado tax preparer, who was unaware of the requirement. As a result, I received a $500 penalty notice on 4/28/2025 for the 2024 tax year. I have not yet contacted Indiana... View More

My husband's grandfather passed away nearly two years ago, leaving behind a home and construction business assets. He had four daughters, but only one survives; my husband's mother, one of his daughters, has also passed away. Since my husband's grandfather's passing, my husband... View More

I cancelled my CPA services after she became abusive and sent me draft tax returns with an incorrect total income. I emailed her to inform her of the inaccuracies. There was no written agreement regarding services and fees. I have received a high invoice for her services and she is threatening to... View More

My dad passed away when I was a minor in Texas without a will, and my half-brother, whom I've never known, became the executor of the estate but did nothing. The court had ruled that the property should be sold and the money split between us, but I have not received any. Recently, I received a... View More

John Michael Frick
answered on May 6, 2025

First, you can hire an attorney to file an answer on your behalf in the delinquent tax suit. Your attorney may be able to negotiate with the taxing authorities to set up a payment plan for you to tax your delinquent taxes on the land you inherited. There are companies who will extend land loans... View More

In 2018, my existing child support agreement was calculated with each parent having two exemptions when both children were minors. In 2023, one child turned 18, and in 2024, child support was recalculated, but each parent still retained two exemptions per Dissomaster calculation, which I just... View More

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James L. Arrasmith Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 7, 2025

In California child support calculations, tax exemptions significantly impact the final support amount by affecting each parent's net disposable income. When one child is a minor and one is in college, the allocation of exemptions becomes particularly important as it directly affects the... View More

I own a residential property in Indiana, and I've noticed that the assessment for my land and structures increased by 6% from 2024 to 2025. Is there a cap to this increase at 2%, and how should I address or contest this increase if it exceeds such a limit?

I am selling my house, which is currently valued at $370,000. There is a tax lien from 2016 amounting to $50,000. I have not communicated with the IRS about this lien. At closing, I assume the lien amount will be taken from the equity. Can the IRS take more than the lien amount if additional taxes... View More

I am a green card holder and have several foreign accounts, but their combined balance has never exceeded $10,000 USD. I have not consulted a tax professional yet. If, in the future, my foreign accounts exceed this threshold in a given year and I file a Foreign Bank Account Report (FBAR), will I... View More

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James L. Arrasmith Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 7, 2025

Filing a Foreign Bank Account Report (FBAR) when your foreign accounts exceed $12,500 does not create new tax obligations; rather, it's a disclosure requirement separate from taxation. As a green card holder, you are already considered a U.S. tax resident and must report your worldwide income... View More

I have been deaf since birth and recently discovered the NH law "72:38-b Exemption for Deaf or Severely Hearing Impaired Persons." I have been paying property tax for about 7 years without knowing about this exemption. My trustee contacted the town hall, but they mistakenly informed us it... View More

I'm seeking guidance on how to file an answer with the superior court concerning the seizure of my property. The police found THC wax and $13,000 during a traffic stop. I obtained the money from my taxes and stimulus check. I received a summons last week stating that I have 30 days to file an... View More