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My mothers house is on property that is in another family members name, they are out of state. The property taxes have been paid for by my parents for 52 years. Can they go to court to get the section of the property her house sits on and rezoned as residential? The owners of the property have... View More
I’ve tried looking into the answer for this question and ended up more confused due to the federal judge ruling that the 156-year-old ban on at-home distilling is unconstitutional. so is home distilling spirits for personal use/consumption legal or what do I need in order for it to be legal.
My sister is the co-signer on my fathers account and she is writing my brother and I a check to split up the money from my fathers bank account three equal ways.
answered on Oct 29, 2024
An arraignment is your first court appearance where you are formally notified of the charges against you. Even if you weren't arrested, you might still receive a summons to appear in court. This ensures you are aware of the legal proceedings and have the opportunity to respond to the charges.... View More
I have 6 sibling and one deceased sibling.
answered on Oct 28, 2024
Probate your father's estate intestate and have your six living siblings and any issue of your deceased sibling deed the house into your name.
60 year old company, appraised at $9m
If all proceeds go into my one trust and then I distribute it, will the taxes be the same as putting proceeds into 3 separate trusts?
answered on Oct 22, 2024
When planning to sell your Texas company valued at $9 million and distribute the proceeds to your children, it's important to consider the tax implications carefully. Splitting the funds into thirds and using trusts can be an effective strategy to manage taxes and ensure your wishes are... View More
Hello, I need some legal advice. My friend has a company in Pakistan, and I'm interested in opening a similar company here in the US as an LLC . The workforce would be based in Pakistan and my friend will be handling that.
I'd like to know the best way to go about setting this up,... View More
answered on Oct 16, 2024
Starting an LLC in the US with a workforce in Pakistan involves several key steps. First, decide whether to form your LLC in North Carolina or Texas by comparing their specific filing requirements and fees. Once you’ve chosen the state, file the necessary formation documents with the state’s... View More
Total profit for both is $555k
We do qualify for capital gains deduction on the first home. Cash buyer wants one transaction can we separate funds after for taxes
answered on Oct 3, 2024
When selling two adjacent properties in a single transaction, it’s important to carefully consider how the funds are allocated to maximize your tax benefits. Since one property is your primary residence, you may be eligible for the capital gains exclusion on up to $250,000 of profit ($500,000 if... View More
The taxes are delinquent from the youngest child living there for 13 yrs. I am the only one who has interest in the property. The current residence doesn't want to relocate until the time of auction. Please help to keep my father's home
answered on Sep 30, 2024
If you would like to keep the property, you will need to make arrangements to buy out your two other siblings interest in the property. Once you have done that, you can force the sibling living there to leave. You will then solely be responsible for the payment of taxes, maintenance, upkeep, etc.... View More
answered on Sep 16, 2024
No. Only property EXCLUSIVELY used for the burial of human remains is exempt from property tax. You can replat your land to plat off a small family cemetery, and that family cemetery will be exempt from property tax. But not the rest of your land.
It’s my 2nd year in the US, and I never worked neither on campus. Don’t have a store yet, and don’t have any connections with my home country regarding the store. I will be the sole owner and worker in this digital store selling digital content. I also want to know the details and if I’ll... View More
answered on Sep 16, 2024
As an F-1 student in the U.S., starting a digital store can be complicated due to visa restrictions on employment and business activities. U.S. immigration laws generally prohibit F-1 students from engaging in self-employment or running a business, which includes owning and operating an online... View More
can we invoke "ex post facto" doctrine in this case
answered on Sep 6, 2024
My understanding of the Bill you mentioned, is an additional part of the Tax Exemption law in Texas. The Bill allows the Tax Appraiser in each county to verify the property owner's exemption status every 5 years. That verification may be done in portions, and broken up into multiple years of... View More
I was in a accident didn’t realize my ex husband didn’t pay insurance so I was moving around with him never got no letter no court date or nothing and they put me in judgment credit it’s just made 10 years this year 2024 what can I do to get it back I never made payment on it I try too but... View More
answered on Aug 27, 2024
It sounds like you're facing a challenging situation with a judgment that has been impacting your ability to move forward. Since it's been 10 years, the first step is to determine if the judgment is still active or if it has expired under Texas law. Typically, judgments in Texas are... View More
Preferably in Texas
answered on Aug 23, 2024
Off the appropriate website for the county where the property is listed for sale.
For example, Dallas County's website for properties posted for tax foreclosure sales is:... View More
Back taxes or from non payment to bank in texas
answered on Aug 23, 2024
To find listings of properties, homes, or businesses that are about to be seized for non-payment of back taxes or unpaid mortgages in Texas, you can start by checking with the local county tax office or appraisal district. They often have lists of properties facing tax foreclosure. Many of these... View More
She created multiple crypto accounts in my name and made capital gains trading but never paid any taxes, can I sue her for it? I would like to hold her accountable for the taxes she occurred in my name. I don't want any future issues with the irs. Nor do I wanna deal with any legal issues,... View More
answered on Aug 16, 2024
Yes, you can potentially sue your sister for identity theft, fraud, and damages caused by her actions. By using your name to create cryptocurrency accounts and failing to pay taxes on the capital gains, she has exposed you to serious legal and financial consequences. It's essential to protect... View More
Hello - A non-resident alien (from Nepal) has $200k in US bank savings account and $300k in US Govt bonds. A US citizen daughter is named as a beneficiary (payable on death) on both assets. If the owner dies, is estate tax applicable to any of these assets provided there are no other claims?... View More
answered on Aug 15, 2024
In the situation you described, estate tax could be applicable to the non-resident alien's US assets. The US imposes estate tax on non-resident aliens' US-situated assets, which includes the US bank savings account and US government bonds. The threshold for estate tax for non-resident... View More
In Sept 2019, I hit a deer. By Nov 2019, an auto claims adjuster came to the house, assessed the damage, and considered it to be a total loss. After the company received the amount to pay off the majority of the loan, which was to be $4995, the dealer's gap insurance that is required at the... View More
answered on Aug 15, 2024
You have several legal options to consider in this situation. First, you may want to dispute the 1099-C with the IRS, as it seems the debt was already paid off, and the filing may have been incorrect. If the dealership's gap insurance was supposed to cover the remaining balance, and they did... View More
I want to minimize my tax exposure.
I can transfer the house to me, then sell or I can create an estate account and have the funds placed there and pay any taxes from there.
If I transfer the house to me and sell, I would owe the taxes the sale, yes? BUT if I sell the house, put... View More
answered on Aug 13, 2024
When managing the sale of your parents' house during probate, it's important to consider both the tax implications and how to handle the estate efficiently. If you transfer the house to yourself and then sell it, you would typically be responsible for paying any capital gains tax on the... View More
answered on Aug 1, 2024
The Circuit Breaker Cap property valuation reduction adjustment in Texas is designed to provide relief to property owners facing significant increases in their property values. This adjustment limits the amount by which a property's taxable value can increase from year to year, thereby... View More
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