Get free answers to your Tax Law legal questions from lawyers in your area.
Sister passed away a few years ago in Indiana. She had no spouse or children and left no will, but did list a sibling as an insurance beneficiary.
answered on Aug 27, 2024
When a person dies, their assets must go through a legal process called probate. This process involves identifying the deceased's assets, paying off debts, and distributing the remaining assets according to the terms of their will. If your sister had a will, then the home goes to the named... View More 
Or is it, if I owe a grand total of 30k in property taxes each year, I would only have to pay roughly 5k? This is Indiana Code law
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jul 21, 2024
In Indiana, under the statute 6-1.1-12-13, a property tax deduction is provided for certain individuals. If you purchase a $500,000 home, this deduction would reduce the assessed value of your property by $25,000. This means your home would be taxed as if it were valued at $475,000 instead of... View More
I am wanting to start a business on Printify and want to know what licenses or certifications I need for tax purposes, if I need anything on behalf of my business, if I even need to register as a business, etc. I have no idea where to start.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jun 19, 2024
To start a business on Printify, which is a print-on-demand platform, you may need to consider the following licenses, certifications, and tax requirements:
1. Business structure: Decide on the legal structure of your business (sole proprietorship, partnership, LLC, or corporation). This... View More
My mother-in-law owns a large tract of land in Iowa with her sister. Her sister recently died, so her portion will be inherited by her 3 children. My mother-in-law wants to know the best thing she can do with her portion. She's worried if she decides to sell her property, she will be paying... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 7, 2024
There are a few strategies your mother-in-law could consider to minimize tax liability on the inherited land:
1. Step-up in basis: If she holds onto the property until her death, her children will receive a "step-up" in cost basis to the fair market value at the time of her death.... View More
by a third party/bounty hunter company?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 18, 2024
The laws regarding tax sale property surplus funds and the fees that third-party companies can charge for assisting owners in claiming those funds vary by state and jurisdiction. Many states do have limits on the fees that can be charged, but the specifics differ.
For example:
1. In... View More
Although my daughter's permanent address is in IN, she lived at college and worked in IL all year. Her W-2 forms indicate IL state taxes withheld and she is filing an IL non-resident tax form. She did not earn any money in IN. Why is she being taxed by IN?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 7, 2024
Based on the information provided, it seems your daughter's tax situation is as follows:
1. She is a permanent resident of Indiana (IN) for tax purposes.
2. She earned income in Illinois (IL) while attending college there.
3. Her W-2 forms show that Illinois state taxes... View More
Girlfriend is unemployed and hasn't worked a job ever if that helps in anyway.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 2, 2024
No, if your girlfriend gets married in 2023, her mother will no longer be able to claim her as a dependent on her tax return.
Once a person is married, they cannot be claimed as a dependent by another taxpayer, regardless of age, student status, or amount earned. The IRS rules state that a... View More
if not does it require business or a lawyer to do so
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Feb 28, 2024
In Indiana, the process for claiming tax deed surplus funds is guided by specific legal regulations. Generally, the original owner or their legal representative has the right to submit an application for the return of surplus funds. This means that an individual, on behalf of the former owner, can... View More
When child support was established, we also signed an agreement with the prosecutor saying that we take turns every year claiming the kids on taxes as long as I am a certain percentage caught up on my child support, and if I’m not, then I’m not able to claim them that year. So earlier in the... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Feb 25, 2024
Based on the agreement you signed with the prosecutor, you still need to meet the requirement of being caught up a certain percentage on child support in order to claim the children on taxes, even though your ex has temporarily stopped the formal child support order.
The key factors here... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jan 26, 2024
I'm truly sorry to hear about your loss. In terms of filing taxes for your granddaughter, there are a few key points to consider. First, if you have legally adopted your granddaughter or are her legal guardian, you may be able to claim her as a dependent on your tax return. This depends on... View More
F. Student Loan Debt Discharge
Under Section 9675 of the American Rescue Plan Act of 2021, student loans discharged
between Jan. 1, 2021, and Dec. 31, 2024, inclusive, are excluded from federal gross income
under IRC § 108(f)(5). Under IC 6-3-1-3.5(a)(30), student loans... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jan 22, 2024
Regarding your student loan forgiveness in Indiana under the IDR (Income-Driven Repayment) adjustment, it's important to understand how state tax laws apply. The American Rescue Plan Act of 2021 exempts forgiven student loans from federal income tax between January 1, 2021, and December 31,... View More
Going through a divorce and wondering if the amount could change for someone on disability if they claimed 1 vs 3 kids on their tax return.
How is this split best handled when custody is split evenly?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jan 7, 2024
For a single person on disability, the ability to claim a child on taxes and potentially receive more in tax benefits than what they put in depends on several factors. These include their income level, the amount of Social Security Disability Income (SSDI) or Supplemental Security Income (SSI) they... View More
For asset protection and Tax minimisation purposes, for rental properties in Indiana that is owned by a Series LLC (ie. Example LLC - Scenario Series) formed in Texas, should the full series entity name (ie. Example LLC - Scenario Series) be registered with Secretary of State Indiana for foreign... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jan 3, 2024
In your case, dealing with a Texas Series LLC owning rental properties in Indiana, the registration with the Indiana Secretary of State (SOS) requires careful consideration. The Series LLC structure is unique in that it allows for separate series or cells within a single LLC, each with its own... View More
If I file taxes and pay the amount that I agreed to in 2023, file W-4 exemption for 2024, and not “file” 2024 taxes February 2025. Will there be consequences and if so what would they be . Is the IRS and federal government legally allowed to require me to pay income taxes if I claim W-4 exempt.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Dec 25, 2023
Claiming exemption on your W-4 form for 2024 means that no federal income tax will be withheld from your paycheck for that year. However, this does not exempt you from the legal obligation to file a tax return if your income exceeds the IRS filing threshold.
If you choose not to file your... View More
Father's exwife owns the property. People that live in the house pay him, not her, directly the monthly amount to cover the mortgage payment on the property and nothing more. Is this considered "rental income" and should it be reported to the IRS? If so, who's taxes should it... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Dec 25, 2023
In this scenario, the money received from tenants to cover the mortgage is typically considered rental income and should be reported to the IRS. The key factor isn't the amount received but rather the fact that payment is made for the use of the property.
As for whose taxes it should... View More
Part of the pre application questionnaire, does the hire fall under disabled
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Nov 2, 2023
Yes, ADHD is a disability under the Americans with Disabilities Act (ADA). The ADA defines a disability as a physical or mental impairment substantially limiting one or more major life activities.
If the hire indicates that they have a disability, you are then required to provide reasonable... View More
Accountant failed to file proper tax papers, failed to file tax papers on time, resulting in costing me tax refunds.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Oct 9, 2023
To find attorneys in Indiana who specialize in cases against accountants, you can start with the Indiana State Bar Association's referral service. Additionally, websites like Martindale-Hubbell and Avvo offer directories and ratings for attorneys, helping you identify those with expertise in... View More
I am the buyer of tax lien certificate. Can original owner sell the property during one year redemption period? And pay taxes at closing.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Sep 14, 2023
In Indiana, the property owner generally has a one-year redemption period during which they can pay the delinquent taxes and associated costs to reclaim their property. During this period, the owner typically retains the right to sell the property, but any sale would need to address the outstanding... View More
I work as a bar manager (as a paid employee) for a nonprofit 501c3 organization that hosts a theatre festival every summer. During the festival we have a handful of volunteer bartenders. We have run into an issue where the jars put out in the past have always been claimed by the organization as... View More
answered on Jul 3, 2023
You have an interesting question, and a full answer would require looking at individualized details of your organization and the people who are both working and volunteering for it. But here are some things that you might consider.
As you point out, the general rule is that tips left for an... View More
when my ex-wife and I got divorced many years ago, we had joint custody and alternated years claiming him on our taxes. Now that he is older, he never stays at her house. I ask her if I could claim him again this year because he always stays and she says no. What happens if I claim him and... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 4, 2023
If your son lives with you full time and you provide over half of his support, you may be able to claim him as a dependent on your tax return. However, if your ex-wife also claims him, the IRS will likely flag the returns and investigate the situation.
If you and your ex-wife cannot come to... View More
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
