Get free answers to your Tax Law legal questions from lawyers in your area.
12,000 acre ranch was left to the community for the purpose of maintaining and funding the local hospital. The ranch also gets proceeds from natural gas royalties and leasing out hunting. For years they have raised and sold livestock to benefit the hospital. New board member states this is illegal
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answered on Sep 14, 2023
The legality of raising and selling livestock to fund a local hospital on a community-owned ranch depends on the terms and conditions set forth in the original bequest or trust that left the ranch to the community. If the bequest explicitly permits such activities for hospital funding, it may be... View More 
I should be receiving copies of the filed 1099a and 1099c, 1040 and OID from the PA correct? I know this case is a taxable event and I don't want to be apart of any kind of estate tax evasion. Just to be safe, should I contact risk management and inquire about getting a copy of all the... View More
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answered on Sep 14, 2023
It's a good practice to ensure you have all the necessary tax documentation for your case. You can contact risk management or the appropriate authorities to request copies of the relevant tax forms and accounting records to ensure tax compliance and transparency in your case.
I had no idea that by living in Texas that my gambling winnings in Oklahoma would be taxed by the state. After receiving a letter that I owed 2018 taxes, I did lots of research into the new law enacted in 2021. For that year alone I’ll owe almost $36000 which, is impossible for me to pay. I need... View More
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answered on Sep 14, 2023
The ability of the Oklahoma Tax Commission to require retroactive payment on gambling winnings for out-of-state individuals can depend on various factors, including the specific laws and regulations in place at the time of the winnings and any changes made by new legislation. It's essential to... View More
There is a potential part-time consulting job that would require software for the next round of the pitch. Also, I am spending thousands in due diligence on a potential private investment. I look to do more of these kinds of deals even if these don't work. If I register an LLC, can I deduct... View More
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answered on Sep 14, 2023
Yes, you can generally register an LLC and deduct business expenses, even if no revenue is generated immediately. The IRS allows deductions for ordinary and necessary expenses incurred while actively pursuing a business, which includes startup and operational costs. However, it's crucial to... View More
Ask, do you get exempt from HOA regulations as well? Thank you.
answered on Aug 24, 2023
No. You are only entitled to the exemption if you own and use the property exclusively for the burial of human remains.
Management co - Avenue5 residential LLC, moved out June 17.2023 gave 30day to respond. Given the runaround
answered on Aug 11, 2023
You should sue the landlord in small claims court under Texas Property Code section 92.103.
answered on Aug 10, 2023
Since the Texas Secretary of State processes certificates of formation and certificates of authority fairly quickly (2-3 days), this issue rarely comes up. Technically, you cannot do business in Texas in a company name until it is registered to do business in Texas. But, if you do, once it is... View More
this property has gone thru litigation and being sold for unpaid property taxes. Fort Bend Independent School District v the owner
answered on May 27, 2023
Commission a title company to do a title search to determine if there are any liens on the property.
I have a rental property I rented out in December 2013 I requested to remove my homestead exemption in 2015 and it took affect in 2016. I was incarcerated in December 2013. Can you refer me to the law that says I have 2 years after renting to remove my homestead exemption. 11.13 sec. K does not... View More
Only the older, more responsible son claimed for the house with FEMA. With FEMA money a residential lot was purchased and a new house was built by Mennonites. I did all the paperwork and put the deed in only that one son's name. Now , years later, the other son has been given 100% disability... View More
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answered on Apr 25, 2023
Adding someone to a deed is serious business. Do not take it lightly. People fight over it all the time.
If the present owner wishes to add his brother as an owner, it should be for a reason other than to escape taxes.
I believe the 100% disabled vet needs to only own a portion of... View More
I'm in a very abusive and neglectful common law marriage . He is currently awaiting to appear in district court for violating his probation that he received the last time he threw me around and down and busted my mouth. I don't have money for legal counsel he has abandoned me and stopped... View More
answered on Apr 24, 2023
Contact legal aid organizations in your area, they may be able to connect you with a pro Bono attorney.
If an organization takes an individuals credentials to create an entity that generates revenue and income, is that individual entitled to some type of compensation?
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answered on May 2, 2023
It depends on the specific circumstances and the laws of the jurisdiction in which the individual resides. In some cases, individuals may have legal rights to compensation for the use of their personal information, particularly if the organization is using the information for commercial purposes... View More
In 2020 I contributed to trad IRA $6000 as after tax money and bought some ETF with this. I used form 8606 to report them as nondeductible contributions. In 2021 I sold those ETF on tad IRA and got $5986. So it was loss of $14. Now I added additional $6000 as after tax money to trad IRA. So in... View More
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answered on Mar 23, 2023
You need to enter your basis (amount your contributed that was nondeductible). Based on what you shared, the result should be no taxable distribution.
My grand daughter has lived with me since she was born, her mother has child abuse record and father is unstable no house no car smokes weed and his girlfriend is on antipsychotic medications she hears voices telling her to harm her self. The baby has lived with me all but 2 months of her life... View More
answered on Mar 14, 2023
Texas law does not grant automatic visitation or custody rights to grandparents. However, if the child has been living with you for more than six months, you are be eligible to ask for custody of the child as a non-parent under Texas Family Code section 102.003.
answered on Mar 12, 2023
All limited liability companies are registered with the Texas Secretary of State. The filing fee is the same statewide.
If all I have $67 and $134 in Total Ordinary dividends in two separate Trusts, am I required to file? Are these considered taxable income?
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answered on Mar 23, 2023
If there are no other elements to the returns, you should not need to file.
It’s my deceased grandfather homes, my father is deceased as well & I’m next to kin, including multiple other family members. Taxes are owed and county is trying to serve me and other family members for delinquent taxes.
I never had a relationship with my father or his dad, but now... View More
answered on Feb 24, 2023
The tax authorities are required to name you as a potential heir.
You can disclaim your inheritance rights and won’t be held personally responsible for any unpaid taxes.
The tax authorities will foreclose on their tax lien against the property and sell it to satisfy the unpaid... View More
I claimed him on my taxes or may have filed jointly back in 2017. We have never been married. Last year I was supposed to get 8913 back and irs took all of it. They said that he owed a debt from 2017, the only year I ever claimed him. This year they took 6271 because my last year taxes didn’t... View More
answered on Feb 18, 2023
You can’t file jointly if you were never married.
Because you filed jointly, the IRS likely believes you are married pursuant to common law in Texas.
Ordinarily, the IRS cannot retain one taxpayer’s tax refund to offset the debt of another taxpayer.
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