Get free answers to your Banking legal questions from lawyers in your area.
I run an online business, My company is registered in Nairobi-Kenya. The only payment portal acceptable is Paypal but it forces customers to sign up to make a purchase. I want to use Stripe but I need an American bank account. Is it possible to get my cousin who lives in California to receive the... View More 
Going through divorce. My mother is helping to pay part of the settlement agreement, but in cash. What's the best way to get this into the bank?
answered on Nov 23, 2017
You can deposit and the bank will issues 8300 for it, but shouldn’t be a problem. No tax liability. Mom will have gift tax filing requirement. If there are concerns, consult a tax attorney with Bank Secrecy Act (BSA) experience. The information presented herein is for general purposes only. It is... View More
I own my own business (Subchapter "S" corp) based in California. I pay myself with either a distribution or via regular paycheck and generate a W2 for myself at the end of the year. I want to contribute to my existing personal 401k (rollover) account and be able to write off the... View More
answered on Nov 9, 2017
401(K) and SEP-IRA will be funded and deducted by the S corporation. Regular IRA would be deducted on the 1040 form your earned income, not from K-1 distribution. Whether you can take regular IRA, you should ask the tax preparer, because it is based on the figures on the 1040. The information... View More
I got a ticket for making a left turn when I dropped my daughter off.. Can I fight this in court?
answered on Nov 3, 2017
Sounds like you probably turned left between 8-9 and violated the no left turn law. So, no, you can't successfully fight that unless the no left turn sign is obscured or hidden somehow.
is it better to have both names in company or just 1 of us? Our company would be producing shoes using a third party outside USA and selling them outside USA. Do we (or I) need sellers certificate? If only I start the company should we do LLC, C or S corp? would all the business income be taxed... View More
answered on Oct 20, 2017
An S-corporation is not available for non-US citizens. The other details need to be discussed with an attorney. The information above is sketchy.
The ceo, is a US citizen and resides in California; the BVI Corp will get registered in California as a foreign business; the business was incorporated in BVI and we DO NOT SELL Tokens to citizens from USA, CHINA or CANADA. Would this startup still be in violation of any USA securities law if we... View More
answered on Oct 5, 2017
This is a complex question which is not suitable for a quick and free response on an anonymous internet forum. Hire a securities/tax attorney for a full analysis.
What form shoul I use
answered on Sep 20, 2017
If the bank account in Texas is the only property to collect, then you should use a probate process in Texas to collect those funds. A probate proceeding in California is not required.
I'm an 18 year old living with my parents. My parents pay for my phone bill and gifted me the phone and other devices. I let them do it because I am aware that I am not doing anything of malice, but it does make me uncomfortable. Even if I do talk to my parents, they won't entertain me... View More
answered on Sep 8, 2017
As an 18-year-old you can open your own bank account in your own name without anyone else on the account. It only takes a few dollars to open an account. You might go to your own bank where the existing account is, and ask to open your own account in your own name. Then, once you have done that,... View More
My dad who just passed away left me as joint owner on all of his bank accounts. I have been on he and my mom's account handling their finances for 10 years. Sadly my mom also passed away 7 years ago. Now my dad has recently passed. After his passing the bank automatically made me primary owner... View More
answered on Aug 22, 2017
Covina, CA:
I would talk to a lawyer about this one, particularity as there is the legal analysis and the moral analysis.
To start with the basics, accounts which are held in the names of more than one person generally have a right of survivorship, in that the surviving owner has... View More
If a client asked me to deposit cash into a bank account and I knew it could be considered money laundering but did it anyway and used my ID at the bank to deposit the cash, can I be found guilty along with them?
answered on Aug 21, 2017
Aiding or abetting is an accomplice theory of liability for the predicate crime that an "accomplice" can be charged with in a criminal matter. If a person is charged under an accomplice theory, they can be charged and sentenced in the same manner as the "principal". Knowledge... View More
Bank B after buying Bank A sent me a 30 day past due bill for a deposit box I am pretty I closed almost 8 years ago. I called them but they said the "original paper" was not signed and they can't find the keys. I don't work for the bank, all I remember is closing everything with... View More
answered on Aug 17, 2017
A lawyer should review the bank contract and related communications. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney such as myself. You can read more about me, my credentials, awards, honors, testimonials,... View More
They want me to pay them another thousand dollars
Bill and Marie are currently married (17 years). Leon is Marie's ex-husband and they were married over 35 years. The house deed is in both Leon and Marie's names as joint-tenants. Leon recently died two months ago and the house has a mortgage loan that was only in Leon's name and has... View More
answered on Aug 4, 2017
I assume that the mortgage is not a reverse-mortgage. When the mortgage company is notified about the passing of Leon, they will not communicate with Bill or Marie about the terms of the mortgage. They may require Bill or Marie to assume the loan. Bill or Marie should bring this situation to an... View More
Hello, I am a U.S. Citizen and i have "alienable" family whom live in a foreign country. My deceased grandfather left me money to claim for when I turn 19. Now that I am 19 I would like to bring that money into the U.S. and deposit it in my bank account. To avoid my account from being red... View More
answered on Aug 4, 2017
I strongly suggest talking with a tax professional with experience addressing foreign income and assets for US tax purposes. The general answers to these questions do not take into account many of the nuances that can apply in the US tax and reporting rules.
Generally, if you are not... View More
I received the letter 6/24/16 & 12/08/16(this time with check enclosed). It mentioned future medical. I didn't sign or cash check because I'm still getting treated for pain. Just received a new letter asking if I need it reissued. Should I sign it or contact adjuster? I want the... View More
answered on Jul 31, 2017
It is generally a bad idea to sign something you do not understand. The adjuster is probably working for the "other side" and may not have your best interests at heart.
It is not possible to comment on the letter without seeing it. It would seem to be a false economy to try to... View More
I'm a tenant in California the owner is trying to do a short sale before the property goes into foreclosure,I have been living here for over 6 years with my disabled father. The owners real estate agent advised me that they will make a offer to the bank for relocation assistance but advised me... View More
answered on Jun 10, 2017
Here are some useful links for you:
CA Tenant Rights: http://www.dca.ca.gov/publications/landlordbook/catenant.pdf
CA Evictions: http://www.dca.ca.gov/publications/landlordbook/evictions.shtml
Security Deposit issues: http://www.courts.ca.gov/1049.htm
Repairs and... View More
I never received notice of this action. I had tried to remove this person from my account earlier, but without them, its nearly impossible, just like it reads to get the levy overturned. A point in the right direction would be greatly appreciated
answered on Jun 2, 2017
You may need to sue the person who owed the government money if it's affected your finances. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors,... View More
I am the sole earner. We have a joint account.
answered on Jun 1, 2017
If the card is not lost, then that would be credit card fraud. Have you already filed for divorce, thereby initiating the ATWROS? More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me,... View More
process of gaining access to his bank account?
answered on May 29, 2017
If his total estate does not exceed $150K, you may use “Affidavit for Transfer of Personal Property Worth $150,000 or Less” (Google this in your local court website) to declare that you are the only heir and access the account. The information presented herein is for general purposes only. It... View More
Account holder checks account to see if paychecks and or tax refund had been deposited. And finds that there had been funds added. Holder of account goes to bank after about a day and a half of money being deposited and withdrawals the money to pay bills and other things. About a week goes by and... View More
answered on May 8, 2017
Oversimplified possibilities: First, a person does not have a right to keep money that was never their money. But, if someone paid that person for a valid reason, and that someone paid with a fake check that essentially stole money out of another's account, then another should get their money... View More
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