The issue that affects your business partner is whether the bankruptcy trustee will want your interest in the business. That depends on the value of the business versus any exemption that might apply. You need to file your taxes based on what you elected at the time of formation or prior to...Read more »
No but it helps. There may be other liens, etc. A Fed Tax Lien needs to be released of record, both in the County of recording, and possibly other Counties. The Taxpayer may still have a Notice of Deficiency on him, or some other tax problem. A title search is necessary, and if there is a...Read more »
I would contact the Trustee or the County Tax Attorney, and ask for the money. They will probably claim the proceeds have already been spoken for. But otherwise you must sue the County for the surplus, and possibly the official that conducted the Sale for breach of fiduciary duty.
They do that a lot. You absolutely can file a suit. This is a situation where your damages are likely much less than the cost of the suit. You can't claim the tax as damages. Without knowing all the details I can't give you a definite answer.
It is not a lien but a right of redemption for a certain period. You could wait to see if the mortgagee exercises its right of redemption, which is paying you money. After the period, and the right is not exercised, the property is probably yours. But you need a competent attorney who will...Read more »
Without knowing more details it's going to be impossible to give any assistance on this matter. You're probably going to have to share more than you should through an online forum to receive a useful answer.
Assuming you're referring to government employees of a town and a forced...Read more »
Whatever your former employer is doing it is not something that I would ever advise anyone to do. Depending upon what the company does--and knowing what arm of the government is requesting current employment information--it appears the company may be asking for enormous trouble.
I've been put thru hell since last court case and divorce. I've reached out to law and or friends. I need a chance at successful life. Career advancement and i want to know about placement for witnesses for gov.
My former employer never mailed me my W2. When January 31 passed, I went to my old job and asked about my W2 and was promptly told that they didn’t mail them and I had to go online to the store’s employee portal and get it myself. I tried to figure out what my old manager was talking about, and... Read more »
Your employer is required to file a copy of your W-2 (and that of all other employees) with the IRS; call the IRS consumer line and asked them either to give you the details over the phone or send you a copy.
A friend has Six days to vacate his property and instead of it going to auction he wanted to see if we were interested. He is only behind $3,800. What do I need to do to buy this home and have it in my name and how long does he have to vacate the property and have no claim to it?
So let’s say that in 2019 I gift $1,015,000 to my son. This gift is $1,000,000 over the annual gift exclusion. That means I will need to report it to the IRS. However, I won’t immediately have to pay tax on that gift. Instead, the IRS deducts that $1,000,000 from my lifetime gift tax exemption.... Read more »
No one on this planet could possibly answer this question. You are seeking a definitive answer to a question about death taxes, which are subject to legislative change day by day--at the whim of those in power in Washington. Why worry about things that may or may not happen between now and the year...Read more »
It is not in his estate and has a different EIN tax id number.
In reply to the answer about step up at time the trust is funded. What if the trust is funded with shares of mutual funds or company stock . That is a transfer in ownership -- Not Cash. Then there is no capital gain or... Read more »
Grantor of living trust want to give more than $15,000 in a single year to a beneficiary. Is this a gift subject to the annual gift tax exemption and the excess part of the lifetime estate tax exemption or an early distribution (since the principal will at some time belong to the beneficiary)... Read more »
In 2009 I filed a tax return I claim both my nephew's who I was supporting I was audited by the IRS it took me three years to resolve the matter in 2010 I filed my return and I claim them both again which was denied I filled out form 8862 and submit it to them I was refund 2009 return and only the... Read more »
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