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Texas Tax Law Questions & Answers
0 Answers | Asked in Tax Law for Texas on
Q: Federal Income Tax K-1 related questions for the tax year 2021

My wife and I are retired. We, as proprietorship, individually, passively invest in multi-family rental real estate with syndicators/sponsors LLC. We are limited partner (LP) in multi-partner LLC. We received bunch of K-1 from various investments. Each one has large depreciation loss.

I... Read more »

0 Answers | Asked in Foreclosure, Real Estate Law and Tax Law for Texas on
Q: Foreclosure of a property tax lien, ad velorum. Sheriff's deed conveys 9 acres of a 9.508 acre tract. Void?

The deed does not address an exception of the half acre. Can the sale be voided?

Purchaser is a forfeited entity.

0 Answers | Asked in Tax Law for Texas on
Q: My name is Jeffrey, I live in Texas, I am self-employed, I do freelance digital art work, as well as own a website.

I do not have a LLC, I have been self-employed for a year now, the issue is I am trying to figure out what percentage of taxes I would need to pay. The better option would be to ask a Tax lawyer, so that I why I am here. In my first year, I earned $406,392 which is my earnings. What tax bracket... Read more »

0 Answers | Asked in Bankruptcy and Tax Law for Texas on
Q: Chapter 7 in Texas (southern district) tax refund question

Hi, I filed chapter 7 a couple of weeks ago and just received my tax refund. I know not to spend it and that the Trustee is entitled to it but I am wondering about the EIC and CTC portions of the refund? I've read that trustees are not taking the child tax credit this year but I don't see... Read more »

1 Answer | Asked in Tax Law for Texas on
Q: I worked 4 months in 2021 and made $4500.00. I also received $15,900 in social security benefits. Do I need to file tax?
Nicholas Nemeth
PREMIUM
Nicholas Nemeth
answered on Apr 14, 2022

Generally, if your Social Security benefits are your only source of income, then they are usually not considered taxable income. If Social Security is your only source of income, then you typically do not need to file a tax return. If you are still working when you receive Social Security benefits... Read more »

1 Answer | Asked in Land Use & Zoning, Real Estate Law and Tax Law for Texas on
Q: I have a abandoned property next door which is causing me issues, I would like to buy it however no one knows the owner.

I was recommended adverse possession due to I have been maintaining it & I haven’t been able to find the owner or relatives.

Anthony M. Avery
PREMIUM
Anthony M. Avery
answered on Mar 3, 2022

Usually the easiest way to obtain abandoned property is a Tax Sale, so check on its tax status in your County. But you will also need a TX attorney to search the title and determine ownership, easements, etc.

1 Answer | Asked in Family Law, Tax Law and Child Custody for Texas on
Q: My son turned13on 2-03-22 His dad has lived 20 minutes away made his choice not to be part of his life, plz read belw

Seeing him less than 5 or 6 times yearly.Hes a journeyman electrician of 25+ yrs, makes very good money but always lied about it and when he did pay c. Support, it was 500 at its highest.The woman he lives with is a P.Assist.On 6-13-2021 I was in a terrible car wreck.My poor son, who had spent the... Read more »

Penny Wymyczak-White
PREMIUM
Penny Wymyczak-White
answered on Mar 16, 2022

If they supported him more than 50 percent of the time they can claim him, If you think you are entitled to exemption call the IRS and there is a form you can fill out to contest your ex claiming your son,

1 Answer | Asked in Tax Law, Contracts and Employment Law for Texas on
Q: Can an employer deduct taxes from a settlement? Employer agrees to pay 3,000 in damages instead pays 2,500 after taxes

I presented my employer proof of employment discrimination and signed an agreement to receive money and not pursue a lawsuit. I was deposited less than the money agreed. The company claimed they deposited less because they withheld taxes from the net pay.

Linda Simmons Campbell
Linda Simmons Campbell
answered on Feb 17, 2022

If the settlement replaces lost wages those funds are taxable.

1 Answer | Asked in Criminal Law, Federal Crimes and Tax Law for Texas on
Q: In the state of Texas what is the time limit to file criminal charges in a sibling for child molestation?
Vonnie Clay Dones III
PREMIUM
Vonnie Clay Dones III
answered on Jan 3, 2022

In Texas, there is no statute of limitations for indecency with a child, sexual assault, or rape of a victim who is a child.

1 Answer | Asked in Estate Planning, Real Estate Law, Tax Law and Elder Law for Texas on
Q: My husband has early onset Alzheimer's, he is 71 and I am 69. I own property gifted to me as my seperate property.

Can I file transfer on death deed to my children, possibly as a Medicaid asset protection trust devise if he has to go to nursing home?

John Cucci Jr.
John Cucci Jr.
answered on Dec 7, 2021

There are a few different ways to handle your issue. The simplest is a "Life Estate" where you deed the property back to yourself for the remainder of your life, then it automatically goes to the person you wish to obtain the property after you die.

This is great if you have a low...
Read more »

2 Answers | Asked in Estate Planning, Real Estate Law and Tax Law for Texas on
Q: I have a lifetime estate for a house that is in mine and my mothers name.

She since has been diagnosed with lou body dementia and has had to be placed in a nursing home permanently. the home is paid off, how would I go about placing the home in my name only?

John Cucci Jr.
John Cucci Jr.
answered on Nov 7, 2021

If you have a true "Life Estate" that was done by an attorney or person who knows what they are doing, then you must be patient.

A true "Life Estate" is where an owner of land, signs and files a deed that goes from:

Owner 1 hereby grants to Owner 1 for life, then...
Read more »

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1 Answer | Asked in Tax Law for Texas on
Q: Can my taxes be garnished for a vehicle repossession?

Apparently back in 2018 the IRS tried to contact me about taxes that I had owed which I have never owed taxes before. Well this year they had garnished some of my income tax which they said it was for a repossession of a vehicle back in 2018 which I didn't have a vehicle repoed then. The last... Read more »

Leihernst Lamarre
Leihernst Lamarre
answered on Oct 26, 2021

The IRS may have kept a portion or all of your refund due to a balance due stemming from a 1099-C Cancellation of Debt Issue to both of you. You may have gone through an audit when the IRS reached out To you regarding a potential tax debt From the audit. You potentially have a few options to... Read more »

1 Answer | Asked in Estate Planning, Tax Law and Agricultural Law for Texas on
Q: My mother just passed and she was 1/4 owner of 640 acres give or take. I was informed today that the other current

Parties want to sell. Since my brother and I inherited my mothers party what should we be asking

Isaac Shutt
Isaac Shutt
answered on Sep 23, 2021

You should definitely meet with a probate lawyer. You will want some sort of official legal documentation to show that you now hold title to your mother's portion of the property. Plus, you want an attorney to make sure you're getting your fair share. Contact a probate attorney to see... Read more »

1 Answer | Asked in Employment Law, Contracts and Tax Law for Texas on
Q: Can employer go back on commitment in writing on issuing W-2c ?

An individual worked respite hours taking care of elderly in 2020 but insurance company did not pay for hours worked. in 2021, insurance company agreed to pay for hours worked in 2020. By this time, individual was enrolled in school full time and had a financial aid package and grants in place.... Read more »

Maurice Mandel II
Maurice Mandel II
answered on Sep 22, 2021

You should contact a local employment law or tax law attorney to help you. This BB is not for providing specific legal information for you to deal with a particular claim. Search for a local attorney on this issue here on Justia.

1 Answer | Asked in Estate Planning and Tax Law for Texas on
Q: What type of lawyer handles house assets after Mother dies amongst siblings

My Mother died her home was owned by her & 1 sibling. Does my Mother part that she holds into the home goes to her living children?

She does not have a living will

Isaac Shutt
Isaac Shutt
answered on Sep 21, 2021

Yes. If she has no spouse and no will, then everything goes to her descendants. That would include her living children and also the children of any deceased child.

3 Answers | Asked in Real Estate Law and Tax Law for Texas on
Q: Am I an owner of real property according to IRS Instructions for Form 1120-H (2020)?

To my knowledge corporation referred to herein files 1120-H first time since its incorporation in 1981. It states it is a residential real estate association and claims exempt function income representing it came from me and others as "owners of real property".

I think I may be... Read more »

John Cucci Jr.
John Cucci Jr.
answered on Aug 12, 2021

Hi:

The form you mentioned, 1120-H is only for a HOA "Home Owners Association" to use for filing. It allows them to claim some exemptions.

I'm not sure why you think that for has any bearing on your status as a homeowner. To be sure, in some trailer parks the HOA...
Read more »

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1 Answer | Asked in Land Use & Zoning, Real Estate Law and Tax Law for Texas on
Q: If a homeowner passes & the heir does not claim the home or pay taxes can a neighbor acquire through adverse possession

The previous homeowner passed 4 years ago and the home has remained empty. The next of kin have shown no interest in the property. Can a neighbor care for the property (agricultural and house) and become the owner using an adverse possession claim?

Teri A. Walter
Teri A. Walter
answered on Aug 12, 2021

Yes, if you hold it exclusively for long enough. The minimum period in this situation would be 10 years.

1 Answer | Asked in Tax Law and Collections for Texas on
Q: We made 12 calls to the IRS for pymt arrangement and made payments towards tax bills but they still filed a tax lien.

Every time we called for a payment arrangement they said wait 30 days and call us back because they had not processed our returns. In the mean time we paid $350/month towards $29,000 from 2017 audit and 2018 and 2019 taxes. We got a payment arrangement and after that they filed a tax lien. Is... Read more »

Linda Simmons Campbell
Linda Simmons Campbell
answered on Aug 1, 2021

The IRS can file a tax lien if your debt is over a certain amount and/or if you are not having the payments direct debited from your account.

1 Answer | Asked in Tax Law for Texas on
Q: Are there tax implications when transferring a rent house to an LLC when the LLC has already been operating it?

• My wife and I own a rent house. We also own an LLC.

• We want to transfer ownership of the house to our LLC and want to understand the tax implications.

• The rent house has had an operating loss, and it currently carries a loss carryover to be applied against future... Read more »

Kacie Marie Czapla
Kacie Marie Czapla
answered on Jul 11, 2021

I am not just passing the buck, but you really need to hire a tax professional with this transaction.

1 Answer | Asked in Tax Law for Texas on
Q: We are paying back taxes owed, but it is way more than we owed because of interest & fines. Can anything be done?

The taxes owed are due to claiming more dependents after kids left home and it was not caught until we reviewed w2 form.

Linda Simmons Campbell
Linda Simmons Campbell
answered on Jul 8, 2021

If you are paying federal taxes then you can request a one-time penalty abatement. This will abate penalties (not interest) for the first year a taxpayer owes taxes. As the name suggests this is a one-time option. Wait until you have paid the base tax due and then call the IRS and request the... Read more »

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