Get free answers to your Tax Law legal questions from lawyers in your area.
answered on Nov 8, 2024
You should contact an experienced Kentucky employment attorney immediately. Kentucky law states that any employee who leaves or is discharged from his employment shall be paid in full all wages or salary earned by him no later than the next normal pay period following the date of dismissal or... View More 
State in the middle of the year. Do i count as non resident as part year residency?
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answered on Apr 15, 2024
As a non-resident alien (F-1 student), your residency status for state tax purposes may vary depending on the specific state laws. In general, most states consider you a resident if you live in the state for a certain period of time (usually more than 183 days) or if you maintain a permanent place... View More
Or not?
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answered on Apr 15, 2024
Based on the information you provided, here are a few key points to consider:
1. Filing requirement: Generally, if your total income for the year is less than the standard deduction ($12,950 for single filers in 2022), you may not be required to file a federal income tax return. However,... View More
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answered on Mar 4, 2024
In Kentucky, it's possible for your father to purchase property and have the deed put in someone else's name. This is often seen in cases where parents buy property for their children or when one person buys property as a gift for another. However, it's important to ensure that all... View More
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answered on Feb 22, 2024
If you're working part-time while collecting Social Security Income (SSI) and are 68 years old, the need to file taxes depends on several factors, including your total income, the source of that income, and your filing status. Social Security benefits, such as SSI, are not taxable income by... View More
I was wondering if it is done that way, would we still have to pay capital gains
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answered on Feb 22, 2024
If your business partner pays off your boat and vacation home instead of paying you by check, it would still be considered a form of compensation for your services or ownership interest in the business. This means that you would likely still owe taxes on the value of the boat and vacation home... View More
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answered on Feb 22, 2024
As an international student, you may be eligible to include the 1098-T form when filing your taxes in the United States. The 1098-T form provides information about qualified tuition and related expenses paid to an eligible educational institution, which can be beneficial for tax purposes. However,... View More
so, do i need to file my 1098-T form while filing the taxes.
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answered on Jan 30, 2024
As an international student in the United States, you might receive Form 1098-T if you have paid tuition or related expenses during the tax year. This form is typically used by students to claim education credits like the American Opportunity Credit and the Lifetime Learning Credit.... View More
and if there is restrictions, what are they?
answered on Jan 11, 2024
It's crucial to grasp the distinction between employment and investment. While some argue that making money through investments could be seen as work, especially when you're dutifully filing taxes, it's essential to play it safe. As a non-U.S. resident here solely for studies,... View More
and if there is restrictions, what are they?
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answered on Jan 9, 2024
As an international student in the USA, you generally have the ability to buy and exchange stocks on platforms like Robinhood. However, there are certain requirements and restrictions to be aware of.
Firstly, you must have a valid Social Security Number (SSN) or Individual Taxpayer... View More
I was gifted a house in 2022 with a fair market value of $185,000. I want to sell it for $150,000. How do I determine how much capital gains tax I need to pay? In 2024, my total taxable income was $12,000, and I filed jointly with my spouse. There have been no improvements, and I have not lived in... View More
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answered on Apr 12, 2025
When you are gifted a property, the tax implications are different from purchasing it outright. In your case, since the house was gifted to you, the property’s fair market value of $185,000 is considered your "basis" for determining any capital gains tax when you sell. When you sell it... View More
I was the executrix of my uncle's estate and hired an attorney to assist with the process. However, the attorney never informed me about the inheritance tax amount or deadlines. Now, months later, I've discovered that I owe $39,000. What steps should I take to address this situation with... View More
answered on Apr 2, 2025
Have your accountant go over that inheritance tax. He may be able to reduce or limit your liability.
I am here on f1 visa. It's been more than 2 years. Last year i didn't filed any taxe cause i earned less than qualifying amount. I haven't worked this year either. But i have my 1098-T forms. I don't think i qualify for the returns. But i heard it is better to file the taxes in... View More
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answered on Mar 24, 2025
Filing taxes as an F-1 visa holder is generally a good idea, even if you don't expect a refund. Your immigration history includes how you've handled tax obligations, and consistent filing demonstrates your commitment to following U.S. laws. Tax compliance can be an important factor when... View More
I want to gift a house in Kentucky valued at $120,000 to my sister. There are no liens or mortgages on the property. I am unsure about any gift tax considerations, and my sister does not plan to sell the property. My main concern is whether this gift will affect her income taxes. Can you provide... View More
answered on Mar 16, 2025
Yes indeed. You'd better have her consult her tax professional before you begin transfer proceedings.
I plan to gift my sister a house valued at $120,000 in Kentucky. There are no existing mortgages or liens, and she is not planning to sell the house immediately. I do not expect any compensation or favors in return. Will this affect her income taxes?
answered on Mar 11, 2025
You should contact a certified public accountant concerning an opinion on any tax issues that might be triggered as a result of your contemplated transaction.
I receive $449.61 monthly from my deceased husband's retirement benefits from a school district in Missouri. I also receive Social Security benefits monthly. My husband opted to have no federal or state taxes withheld from his retirement benefits. I have no dependents and have not consulted a... View More
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answered on Feb 27, 2025
You typically need to pay federal taxes on both your deceased husband's retirement benefits and potentially on a portion of your Social Security benefits, depending on your total income. The retirement benefits of $449.61 monthly from the Missouri school district are considered taxable income... View More
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answered on Jan 28, 2025
Your tax refund can only be garnished by specific types of creditors. Generally, creditors like credit card companies or private lenders who have sued you and obtained a judgment cannot directly garnish your tax refund. However, there are exceptions for certain types of debts.
For example,... View More
please give me a list of best criminal law books ?
answered on Dec 29, 2024
Criminal Law of Kentucky is best.
Trial Practice Manual for Criminal Defense Lawyers.
Criminal Practice and Procedure
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answered on Aug 23, 2024
Facing charges for speeding, reckless driving, and failing to give right of way to an emergency vehicle in Kentucky can be serious. Each charge may come with its own penalties, including fines, points on your license, and potential jail time. Reckless driving, in particular, is considered a Class B... View More
Can he let me inherit it thru probate so I can dodge some of the taxes of selling it in a short amounts of time.
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answered on Aug 10, 2024
You cannot inherit the house through probate if it was originally left to your friend, as the probate process distributes assets according to the deceased's will or state law. If your friend receives the property through probate, it becomes his to sell, and the sale would be subject to capital... View More
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