She filed as "single" with zero deductions and zero dependents. Because no tax was withheld on the first $10,000 she now owes money on her return. Not happy about it.
answered on Mar 29, 2023
While it is not exactly "common," it also is not at all unheard of for an employer to fail to make payroll withholdings and deductions. It is often just a matter of oversight, especially with a new employee. However, an employee is ultimately responsible for checking to make sure their... Read more »
I was not on the clock but the other employee was. The company is telling me I must sign a W9 because it is income since I didn't get my car fixed before receiving payment. I am not receiving any gains so I do not feel like I should have to pay taxes on being remedied for a loss. Thanks for... Read more »
answered on Feb 21, 2023
A North Carolina attorney could advise best, but your question remains open for two weeks. Ordinary compensatory damages for bodily injury or property damage are not usually taxable, as a general rule. Double check with a tax attorney or accountant in your state, since this is something they would... Read more »
answered on May 7, 2023
The Homestead Exemption eligibility criteria vary depending on the state, so it's best to check with your local tax assessor's office or the relevant state agency. However, in general, the income and assets of a spouse may be considered when determining eligibility for certain tax... Read more »
answered on May 16, 2022
Certain types of taxes are dischargeable in bankruptcy, IF you have filed a tax return showing those taxes as due longer than two years and four months prior to the date you file for bankruptcy relief.
Sibling transferred property to them as parent was dying and couldn’t speak I assume to avoid probate. Also sibling had apparently gamed the system by purchasing property in my parents and his name do wife couldn’t get it as inherited property can’t be taken. Is this not fraud? Tax fraud?... Read more »
answered on Feb 2, 2022
If someone transfers real property to themselves using a POA it is voidable, contact an attorney local to the area and ask them to assist you with having everything undone.
I'm a student in usa under F1 visa and I want to open a uk LTD and sell on the us market on eBay under my company name? It is legal to sell under my company name even if I'm not eligible to work under f1 visa and I should pay taxes to the us or uk government?
answered on Dec 23, 2021
That would be a de facto visa condition violation that will get your student status cancelled.
My will covers all of my assets and is not very complex, but the investment company that manages my IRA account has a beneficiary form which doesn't allow the same amount of detail. Upon my death, is it likely that there will be financial, e.g. tax, implications if no beneficiary designation... Read more »
answered on May 7, 2021
It will save your heirs some money if you do so. If there is no beneficiary, all of the assets in the IRA will be subject to the audit fees from the Clerk's Office.
I have been living in the home since 2009 and my daughter and I took care of them until they passed away my mom passed 11/2015 my dad 12/2015 and I just started receiving disability in the summer of 2016. I have been paying the property taxes but now they are saying I owe more money for... Read more »
answered on Feb 2, 2021
The former owner is deceased, so he cannot convey. Hire a competent attorney to search the title, determine heirship, and draft an Affidavit of Heirship to be recorded. That Affidavit becomes your recorded source of title. The taxes sound serious. Taxes are a lien against the land, and might... Read more »
I am receiving Social Security retirement benefits. I have a rental property that nets about $4000.00 per year. If I put this property into an LLC (North Carolina), will I have to pay FICA? Will it affect the benefit I currently receive?
answered on Jan 17, 2021
Once you reach full retirement age, there is no limit on how much you can earn and still receive your Social Security retirement benefits without any reduction.
If you began receiving Social Security retirement benefits before your full retirement age, Social Security will deduct $1 in... Read more »
heirs all related to deceased and estate no settled estate and trust raleigh nc
answered on Jan 13, 2021
If you are unsatisfied with how the administrator is handling the estate, you need to speak to the clerk's office. The clerk's office would probably like to close this estate and will be willing to lean on the administrator some to assist you.
I do not consent to being the Nomde Guerre, dead entity or corporate fiction (ens-legis), named in "ALL CAPS" created by legislature, as I am flesh and blood created by God all mighty and live on the land. As all crimes are commercial in nature ,held in bankruptcy court of equity, in... Read more »
answered on Nov 5, 2020
No. Listening and following conspiracy theories will not help you avoid criminal charges.
1) Will there be tax liability if I gift the house to GF? Tax liability for either GF or me?
2) Is it possible to gift part of the house annually? For example 10% first year, 20% second year and so on and 5 years later, she owns the complete house?
answered on Oct 17, 2020
At the present time the gift tax exemption is more than $11 million per person. You could gift your entire share to her all at once and not incur any gift tax as long as that gift plus prior gifts made by you in the past do not exceed $11 million in the aggregate.
answered on Oct 15, 2020
Speak to the county and see if they are willing to set up a payment plan. If foreclosure proceedings have begun, it is likely too late for you to do anything.
Bf and I bought place together. Then he may someone else, and left me to pay for the mortgage on the property, and the property taxes. I paid the home off alone and now he claims he owns this house
answered on Oct 5, 2020
Because you and your BF are on the deed, you both own the house. This means that both you and him have the right to use the property, and it can only be sold with both of your signatures.
Your best option to recover your BF's portion of the mortgage is to refuse to sell unless he... Read more »
I am living in two different homes in two different states depending on season etc. I typically live a few monhts in one of the two homes, and then I move to the other and live there for a while. This has been my situation for 10 years. I own one of the homes (State A) but the other home (State B)... Read more »
answered on Sep 23, 2020
My partner, Kacie wrote on article in the Tax Adviser on this topic. See here https://www.thetaxadviser.com/issues/2019/apr/involuntary-conversion-principal-residence.html#:~:text=A%20direct%20involuntary%20conversion%20of,does%20not%20recognize%20a%20gain.
It was a church when I purchased it and it still has been until this very day I don't know what to do, a member on the Halifax county board owns the property right beside it and he was interested in buying my church however I didn't want to sell it seems to me as a manipulative way to... Read more »
answered on Sep 21, 2020
Every city and county and state I have ever heard of requires churches and nonprofit businesses to register and apply for tax exemptions.
The property wasnt left to one person so there is no clear way to use the property. I have been the onlyh person to pay taxes on this property for 15 years and i would like to put it in my name so i can live on it. What do i do?
answered on Sep 14, 2020
Cannot understand your facts stated. But hire a competent attorney to draft an Affidavit of Heirship, which will record a source of title. Then you need a Quit Claim Deed from the other heirs over to you. If they will not convey, you may have to file a Partition Suit.
My husband died in June and taxes came out in August.
answered on Aug 6, 2020
If you are the remainderman, then you are the sole titled owner. It would then be your responsibility to pay taxes, but the property stands for the county taxes and is not the owner's personal obligation. It is in rem, so if taxes are not paid the County sells the property and does not sue you.
I wasn’t held liable because I received no money nor was in in the state where these checks were deposited. I currently have another bank and have been there for 8+ years
The bank account that was closed I opened during college because I thought the deal seemed fishy and didn’t want... Read more »
answered on Jul 6, 2020
If the bank did not find that you were involved in the fraud it should not affect a credit card application.
My response provides only general information and is not intended to provide you with specific legal advice, nor create an attorney-client relationship. You should not use or rely on... Read more »
Can that be considered at least partially so If you made at least $7,000 in income tax?
answered on Jun 10, 2020
I am not sure what you are trying to ask. Clarify your question and hopefully someone will be able to answer your question.
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