The licensed provider did not require a contract however just the required forms to be completed for state regulation. However there are emails and text messages showing the business relationship for an 8 month period.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Sep 14, 2023
If the daycare provider is refusing to provide a receipt, you can take the following steps:
1. Communicate Clearly: Send a polite and formal written request, preferably via email or text message, asking for the receipt. Mention any relevant details like the dates of service and payment... View More 
Two corps. owned by same family members in same percentages.
LLC would be owned by corps., not the exact same people, but those same people own same respective percentage of shares.
Does partnership have to consolidate or dissolve?
What exceptions to transfer and recordation... View More
answered on Jun 16, 2023
Most real estate lawyers should be able to assist with such a transfer and the applicable deed affidavits and forms.
The transfer you describe (from a general partnership to 2 corporations owned by different owners than the general partnership) sounds like it would be subject to... View More
we have got 2 tickets there code
TG.13.1014.b
BR 16.5-218
answered on Jun 11, 2023
The Tax-General code citation is a criminal misdemeanor that carries up to 90 days in jail and a $500 fine, and the Business Regulation code citation is a criminal misdemeanor that carries up to 30 days in jail and a $1,000 fine. Both are "must appear" charges, meaning you can't... View More
Can the all the sales proceeds be just allocated to the LlC and just zero proceeds to the Individuals so no 1099 will be issued ?
answered on May 8, 2023
The individual owners should have deeded their interest to the LLC before the sale, if they wanted the proceeds all deemed income to the LLC. While the individual owners may be able to direct payment to the LLC, or deposit their checks into the LLC bank account, I believe at this point that will... View More
What is it called when someone abandons their LLC business, which is deeply in debt and owes back taxes, to then have someone else open a new LLC for them and that new LLC offer the very same services? Is it legal? It is essentially a one person business and without that person the new business... View More
answered on Mar 23, 2023
More facts would be needed, but it is possible to pierce the corporate veil of the new company and go after the owner personally, or unwind the transfers of assets to the new company, under the theory of fraudulent conveyance, as well as violation of the Limited Liability Company Act that requires... View More
My wife and her son bought an additional rental property with the deed in their names. What are the tax considerations of leaving that property separate from the trust vs transferring the deed to the trust. Her son is the executor of the revocable trust.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 4, 2023
The tax considerations of leaving the rental property in your wife and her son's names versus transferring the deed to the revocable trust will depend on several factors, including the ownership percentage, rental income, and capital gains implications. Here are some general tax... View More
I think I understand the "death" taxes in Maryland, but I am not positive on the calculations.
Are all taxes based on the value of the gross estate, or are some calculated based on the value after other taxes have been deducted?
For example:
Gross value of estate... View More
answered on Feb 26, 2023
Taxes are imposed on the gross estate. There are exemptions, credits and deductions that are/may be applicable. You absolutely need to pay a CPA to do these taxes for this size of an estate, as well as have estate counsel for the estate administration (or trust distribution). There are too many... View More
I think I understand the "death" taxes in Maryland, but I am not positive on the calculations.
Are all taxes based on the value of the gross estate, or are some calculated based on the value after other taxes have been deducted?
For example:
Gross value of estate... View More
answered on Feb 27, 2023
Maryland inheritance tax is based on the relationship of the giver to the recipient, and is not tied to other death taxes, so on a $20M estate this could be $2M, $0 or nearly anything in between. (And if the tax is paid "outside" of the gift, Maryland will "tax the tax" and... View More
answered on Sep 14, 2022
It is likely that you will have to pay transfer tax on the money paid to obtain the tax sale. A tax sale deed is obtained from the Director of Finance or some similar official at the county where you purchased the tax sale. You will need a title company to record the deed and pay the appropriate... View More
answered on Sep 14, 2022
Yes, transfer and recordation tax are due when the deed gets recorded.
Note that tax sales in MD require a foreclosure lawsuit before the county issues a deed. Purchasing at the tax sale auction is only the first step.
While not legal advice I hope this general information helps.
answered on Sep 13, 2022
You are completely confused about the concept of adverse possession, and your confusion is very likely to deprive you of your property. Get a lawyer!
Adverse possession is a defense. Think: Statute of Limitations. If you've let someone possess your property openly and adversely... View More
I have done my taxes both jointly and separately-
Jointly the total refund = $3063, Separately: Spouse #1: $1100 refund and Spouse #2/Debtor: $950 refund
I see in the Chapter 13 Plan- that if I "file jointly Debtor may retain $1500"- is that of the total $3063 or do... View More
I am executor and beneficiary to a rental house. I want to sell it to the current tenant. I want to avoid capital gains liability. If I sell the house through the estate now as executor versus waiting for it to be transfered into my name and then sell it, will the estate then be liable for the... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 6, 2022
The estate has a stepped up basis and can sell it and avoid capital gains assuming the net sale proceeds are equal to or less than the date of death value. If instead the estate distributes the house to you and then you sell it, the result is the same. You will get that same stepped up basis.... View More
We have been paying taxes for years and just found out the property is no longer ours. We've been paying taxes every year for over 60 years since the death of our father. How can I get my money back from the state of Maryland.. They sent me statements and accepted my money for property taxes... View More
answered on Apr 1, 2022
Generally speaking anyone can pay anyone else's property taxes... the state will not reimburse someone for paying taxes on property they do not own.
However, the question prompts another - how was there confusion on the ownership of the property? Tax bills show the name of the... View More
Used furniture - not antique.
answered on Apr 1, 2022
An appraisal is required for most tangible personal property that the decedent dies owning. Under Maryland law a Personal Representative can only value certain kinds of personal property (e.g., automobiles with a blue book value). Unfortunately furniture is not in the list of items a Personal... View More
This includes real property. The non-family member is not related to me or the deceased. In addition, what are the tax implications?
answered on Mar 18, 2022
Yes, it is possible to assign your interest, but it will be treated as a gift from you to the other person. You should be careful not to "disclaim" your inheritance, as that would prevent your ability to direct the inheritance to anyone (the disclaimed inheritance would go to the next... View More
Someone gives a certain amount of cash as a gift unconditionally and voluntary*, but later he regrets and asks the receiver to return it. The receiver initially, as a courtesy shows willingness to return it**, but later he changes his mind due to very rude attitude of gift's giver. He wants to... View More
answered on Feb 10, 2022
A gift is a gift, unconditional and complete upon transfer to the recipient. There are no "take-backs." If the giver now claims it was a loan, then it's a dispute of fact. Your word versus theirs, plus any evidence that supports your claim that it was a gift and not a loan. You... View More
My brother and I inherited our aunt's house, and I want to buy him out. We are trying to determine a value for the buyout and the estate lawyer recommended an appraiser. His appraised value came in considerably higher than the last tax assessment (by about $200k) as well as the approximate... View More
answered on Jan 27, 2022
Yes. Make a lower offer. If refused, when the house is put up for sale, bid on on it like anyone else. You may end up being the higher bidder, but don’t bid more than you think it’s worth.
No one had power of attorney. My sister obtained letter of administration to handle the selling of her house.
answered on Sep 28, 2021
Your sister, as Personal Representative of your mother's estate, has the legal obligations that go along with that office. One of those obligations is to file your mother's and the estate's tax returns, including any past years returns not filed. She can use the house proceeds... View More
answered on Sep 3, 2021
Most tax advantages can be obtained with or without a trust, as the primary benefit of a trust is to adress other management and estate plannng purposes (such as avoiding the probate process, but in Maryland that is not always that significant of a reason). There are two types of trusts: revocable... 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.
