I have two sisters that want me to sell the lot and split it three ways. I don’t want to be liable for the taxes in their entirety after the sale. What kind of document do I need from them before I can sell the lot? How do I avoid the entire tax liability? Neither of us want the lot.
This is an important question posed. As I understand it your parents left you and your sister a piece of property. I am assuming the property was to be owned jointly with your 2 sisters. Further I am assuming the property is in your name for convenient purposes (like to avoid probate). If that is...Read more »
Irrevocable trusts are required to be registered as are estates subject to probate. Revocable trusts and estates under the probate requirements are not required to be filed with the district court, probate court in Denver County.
The best way to find out is to go to ICCES...Read more »
I suggest you contact a local attorney license in Colorado to discuss a possible case for defective equipment. By telling your story to the selected the training you will be able to establish a possibility of merits of your civil case.
I became disabled in 2013 I have not work since 2011. I owed a duty of child support in the amount of $3755.00 it was pd off. There was an iwo sent to the local ssa office. There were 2 Garnishments that I was not informed about the iwo untill the ssa sent me a letter stating the GARNISHED amounts.... Read more »
You should speak with the caseworker. It sounds like you may not have received notice of the garnishment case so did not have the opportunity to respond. If that is what happened, and you have good cause for not responding, then you might be able to have the garnishment case reopened. If you are...Read more »
We were handed 4 year of very steep penalties tried to be very honest with the state of Colorado but they said we still have to pay 44000 in penalties. Is there something that a lawyer could do to help us??
Your penalties may be dischargeable in a Chapter 13 bankruptcy depending on how old they are, whether you filed the returns on time and whether a tax lien was recorded. Other factors need to be considered (e.g. your income, assets, other debt, etc.) Check with an experienced bankruptcy lawyer as...Read more »
I'm a new graduate , green card holder with a decent job now and planning to bring my wife in US. Last year my total income was around $8000 but this year it is around $50000. IRS ask 21k per year for family of 2. Can I submit my document will only the last tax year or will I need to add both... Read more »
When you submit your affidavit of support it will ask for the past 3 years of your income. You will need to submit evidence showing that this year you are earning significantly more despite only having earned $8,000.00 on your prior return. A qualified immigration lawyer can assist you in this...Read more »
There is no constitutional requirement for representation prior to taxation. Washington D.C. residents have no representation and they still pay income tax. If you travel through a state that you don't reside in you are still subject to that's state's sales tax even though you have...Read more »
Yes. You are a tax resident, not a permanent resident, if you reside in the U.S. for more than 183 days, so if you owe taxes, then you are required to file a Federal tax return. In addition, this filing can help confirm that you resided in the U.S. should it be necessary to prove it.
Contract Request: if I understand your question, you need a Purchase Contract (?) for real estate (?) with two buyers, and then a subsequent assignment of that contract (?). We offer Fixed Fee for transactional work of this nature. It would be less than $1000.00. But I'd really need to get a...Read more »
It is impossible to say without additional information. This is also something that should not be discussed in an open forum. You need to stop looking for answers here and contact a tax attorney where attorney client privilege will apply.
If the person is audited then they can receive up to a 50% penalty depending on whether or not the IRS considers it fraud or not. That is on top of all the other penalties and interest that will also be assessed. I cannot tell you whether or not the IRS will audit a taxpayer without a lot more...Read more »
This is not the type of question for this format. She needs to talk with a tax attorney directly where she will have attorney client privilege and everything she says will be confidential. Most of us offer a free consultation which can be done over the phone. Just tell her to stay away from the...Read more »
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