How will a cash sale be treated by the IRS
Unless you are providing financing by giving the buyer a mortgage, every sale is a "cash buyer" transaction because you are being paid the purchase price.
As for the IRS, if there is a tax lien on your name or names, the IRS must receive at least a portion of the proceeds. You... Read more »
No, Florida requires signature, two witnesses and notarization, if this is not the case then it will not be a valid Will and the estate will be deemed Intestate and the Florida Intestate Statutes will apply to the probate. This means it will be important who survived your daughter and whether the... Read more »
I have my son adopted in November of court issues I'm trying to attain a copy of my son's birth certificate to show the IRS that I had my son for the first part of the year how do I go about doing that
Contact the Bureau of Vital Statistics. They offer walk-in or mail-in services. To save time, download and complete the forms you need. The Bureau of Vital Statistics may be reached at (904) 359-6900, ext. 9000.
i, the sponsor and household member have a combined income to meet the minimum required amount to sponsor a relative but both of us weren't required to file taxes since i started a job late December 2020 with first paycheck in January while the household member started a job in November and... Read more »
If you are just starting your sponsoring process then it will be months before you get to NVC level so you will hopefully have more evidence of stable income and employment by then. If you are at NVC level now and submit what you have, NVC will let you know whether they think you and your household... Read more »
I did not register wanted it as private property.can man own private property? Thanks
I'm not sure if I completely understand your question. Whether or not you record a deed or notify the property appraiser's office of your ownership does not make property "private" as in no one can trespass. If you mean you do not want anyone to know you own the property you... Read more »
For the past 5 yrs have not been on the books now they want me on payroll what sort of trouble would this cause
Who knows? All you need to decide is whether you want a legitimate job or not.
Mom and dad had a trust
Included in the trust is a farm/land/equipment etc.
Dad has died and mom wants the farm out of the trust, transferred to her name, and then moved from her name to the family LLC which is already setup for the farm
We have already moved two other... Read more »
It would depend on the wording of the trust document. And just because you conveyed property from the trust to the LLC by a quitclaim deed doesn't mean that the LLC has good title.
Nope. Under Federal Tax law the majority parent gets to claim the children, but a state divorce court can, and usually does, order parents to split or rotate the child related tax credits assuming child support is current.
I donate monthly to my daughter's foundation, created by her before her death from ALS, to directly donate funds to other ALS victims to help with extraordinary expenses not covered by insurance. Her husband is the treasurer, who abused her physically, emotionally and mentally when she was... Read more »
If the foundation is a registered Florida corporation you can find that info online at sunbiz.org
No. But I suppose you could create a lien against the property and file it in the public records, hoping that whoever buys the property some day might have to repay you.
I've heard that there is a $60k Exemption and everything else is subject to a 40% tax
Chances are that their estate and their heirs would be subject to Puerto Rican estate taxes and / or inheritance taxes, as well as to US federal taxes. But to be sure you should ask this in Justia > Ask a Lawyer > Puerto Rico; what does it have to do with Florida?
Can I have legal/financial problems for not paying taxes on vacant land lots ( Seabring, Highland County, Florida) that my ex-husbands purchased back in 2004 on my name? I stopped paying taxes and other fees on this lots 6-7 years ago, and worry if eventually county can put lean on my house that is... Read more »
The county can auction off the property for unpaid taxes in a tax deed sale. Your bigger concern is if there are any code enforcement violations which have generated fines. If Code Enforcement issues fines it can record liens which attach to any property you own. You also have liability if... Read more »
Federal tax on the money. How do they write it so I don’t pay taxes?
You need to consult a CPA or tax attorney. In general, compensation for physical injury is non-taxable, but compensation for emotional distress is taxable. To avoid tax liability, I'm guessing that the documentation must make clear that it's for physical injury. Search for a... Read more »
Publix, tax us on gift cards. They don't add $100 to our check, they give us gift cards then weeks later tax us on it. I live paycheck to paycheck, giving me a gift card and turn around and tax me. I can't pay a bill with that. And we have to use there and can't get another gift card... Read more »
Regardless of how you try to frame it the fact remains that you received a $100 gift that can be use to purchase something with at Publix. Under IRS regulations Publix MUST either pay the tax for you or pass it along to you.
Under the tax rules, income is from whatever source derived. If you have received income, regardless of the form received, it is taxable income.
Google Florida Department of Revenue and look for "sales and use taxes" or send the DOR an inquiry using your computer or telephone.
Seller lives in Florida.
The individual who sold the car is supposed to pay the sales tax to Florida because the transaction occurred here; delivering it out of state is not a sale.
Explanation: The reason why Florida businesses "charge" you and me sales tax is because they are paid by Florida to... Read more »
They were married at the time of his death. Also, the corporation was dissolved while he was alive.
Although I would need the exact relevant dates to be able to answer confidently, I will say--generally--that unless your mom had some real ownership in your dad's old company she is not PERSONALLY liable for the unemployment taxes owed to the state.
Whether your dad dissolved his... Read more »
I received a NOTICE CP71D from IRS stating "Annual reminder of balance due taxes for tax year 1995. AMOUNT DUE $33,561.26. No explanation or detail as to what it is for. I paid ALL TAXES, PENALTIES AND INTEREST due for TY 1995 on 7/20/18. I called the IRS collection officer who handled my... Read more »
1. KEEP ALL YOUR DOCUMENTS PROVING PAYMENT OF BACK TAXES FOREVER.
2. The IRS is on a tear these days trying to collect as much money in taxes as possible because of the severe economic depression caused by the pandemic.
3. Under normal conditions the IRS does not look back more... Read more »
We want to be under the same umbrella
Include your ministry's figures in your mother's ministry's informational return.
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