Get free answers to your Tax Law legal questions from lawyers in your area.
I live on a residential property in Texas, and I've buried one family member on the land, intending to possibly use more of it as a burial site in the future without any formal designation or profit-making intent. Can I file for a tax exemption for this part of the property?
answered on Apr 2, 2025
Yes, but only for that portion of the property used as a dedicated burial site for human remains.
I had to reinstate my company after tax office failed to pay franchise taxes. The tax office paid all the fees and reinstated the company. It looks like I received a new taxpayer id number. Does this mean I have to get a new bank account? Do I have to do anything different now that I reinstated the... View More 
answered on Jan 2, 2025
First, there was no reason your company needed to get a new taxpayer ID number. Second, there is no reason it should need to get a new bank account with the caveat that you need to ascertain why a new taxpayer ID number was obtained. Presumably, your bank is using your company's original... View More
Texas sales tax question
answered on Jan 2, 2025
This type of transfer would typically not result in the payment of sales tax.
answered on Dec 24, 2024
No. But there is a separate process to stay the enforcement of a judgment pending an appeal if the defendant lacks the financial ability to post a supersedeas bond in the amount prescribed by law. You need to hire a very experienced appellate attorney to assist you with this process.
30 day window to register the car. Now they’re telling me I have to pay sales tax on the full retail price of the car. I didn’t even buy the car, I leased it. How could there be a $2700 penalty (the sales tax) for missing the 30 day window? This is egregious.
answered on Dec 24, 2024
You should not have to pay that penalty as long as your motor vehicle was properly registered in your name in another US state.
I was misinformed by an insurance agent that I qualified for a premium tax credit in the marketplace, and the marketplace also showed I was eligible. However, I later learned I am not eligible. How can I resolve this and correct my eligibility status? Should I contact the marketplace or IRS to... View More
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answered on Dec 17, 2024
You'll need to take prompt action to address this premium tax credit situation. Contact the Marketplace immediately to report that you're not eligible as an F1 student - this helps establish good faith effort to correct the error and may help reduce any penalties.
For the tax... View More
Does it any effect on my immigration?
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answered on Dec 15, 2024
For F-1 students, it's important to know that receiving Premium Tax Credits (PTC) through the Health Insurance Marketplace could potentially impact your immigration status. These credits are considered a form of public benefit, and using them might raise concerns during future immigration... View More
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answered on Dec 15, 2024
In most cases, F-1 students are not eligible for Premium Tax Credits (PTC) through the Health Insurance Marketplace because you need to be a U.S. citizen or have lawful permanent resident status to qualify.
If you're on an F-1 visa, you typically have different healthcare options... View More
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answered on Oct 29, 2024
An arraignment is your first court appearance where you are formally notified of the charges against you. Even if you weren't arrested, you might still receive a summons to appear in court. This ensures you are aware of the legal proceedings and have the opportunity to respond to the charges.... View More
I have 6 sibling and one deceased sibling.
answered on Oct 28, 2024
Probate your father's estate intestate and have your six living siblings and any issue of your deceased sibling deed the house into your name.
60 year old company, appraised at $9m
If all proceeds go into my one trust and then I distribute it, will the taxes be the same as putting proceeds into 3 separate trusts?
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answered on Oct 22, 2024
When planning to sell your Texas company valued at $9 million and distribute the proceeds to your children, it's important to consider the tax implications carefully. Splitting the funds into thirds and using trusts can be an effective strategy to manage taxes and ensure your wishes are... View More
Hello, I need some legal advice. My friend has a company in Pakistan, and I'm interested in opening a similar company here in the US as an LLC . The workforce would be based in Pakistan and my friend will be handling that.
I'd like to know the best way to go about setting this up,... View More
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answered on Oct 16, 2024
Starting an LLC in the US with a workforce in Pakistan involves several key steps. First, decide whether to form your LLC in North Carolina or Texas by comparing their specific filing requirements and fees. Once you’ve chosen the state, file the necessary formation documents with the state’s... View More
Total profit for both is $555k
We do qualify for capital gains deduction on the first home. Cash buyer wants one transaction can we separate funds after for taxes
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answered on Oct 3, 2024
When selling two adjacent properties in a single transaction, it’s important to carefully consider how the funds are allocated to maximize your tax benefits. Since one property is your primary residence, you may be eligible for the capital gains exclusion on up to $250,000 of profit ($500,000 if... View More
It’s my 2nd year in the US, and I never worked neither on campus. Don’t have a store yet, and don’t have any connections with my home country regarding the store. I will be the sole owner and worker in this digital store selling digital content. I also want to know the details and if I’ll... View More
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answered on Sep 16, 2024
As an F-1 student in the U.S., starting a digital store can be complicated due to visa restrictions on employment and business activities. U.S. immigration laws generally prohibit F-1 students from engaging in self-employment or running a business, which includes owning and operating an online... View More
I was in a accident didn’t realize my ex husband didn’t pay insurance so I was moving around with him never got no letter no court date or nothing and they put me in judgment credit it’s just made 10 years this year 2024 what can I do to get it back I never made payment on it I try too but... View More
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answered on Aug 27, 2024
It sounds like you're facing a challenging situation with a judgment that has been impacting your ability to move forward. Since it's been 10 years, the first step is to determine if the judgment is still active or if it has expired under Texas law. Typically, judgments in Texas are... View More
Back taxes or from non payment to bank in texas
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answered on Aug 23, 2024
To find listings of properties, homes, or businesses that are about to be seized for non-payment of back taxes or unpaid mortgages in Texas, you can start by checking with the local county tax office or appraisal district. They often have lists of properties facing tax foreclosure. Many of these... View More
Preferably in Texas
answered on Aug 23, 2024
Off the appropriate website for the county where the property is listed for sale.
For example, Dallas County's website for properties posted for tax foreclosure sales is:... View More
She created multiple crypto accounts in my name and made capital gains trading but never paid any taxes, can I sue her for it? I would like to hold her accountable for the taxes she occurred in my name. I don't want any future issues with the irs. Nor do I wanna deal with any legal issues,... View More
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answered on Aug 16, 2024
Yes, you can potentially sue your sister for identity theft, fraud, and damages caused by her actions. By using your name to create cryptocurrency accounts and failing to pay taxes on the capital gains, she has exposed you to serious legal and financial consequences. It's essential to protect... View More
Hello - A non-resident alien (from Nepal) has $200k in US bank savings account and $300k in US Govt bonds. A US citizen daughter is named as a beneficiary (payable on death) on both assets. If the owner dies, is estate tax applicable to any of these assets provided there are no other claims?... View More
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answered on Aug 15, 2024
In the situation you described, estate tax could be applicable to the non-resident alien's US assets. The US imposes estate tax on non-resident aliens' US-situated assets, which includes the US bank savings account and US government bonds. The threshold for estate tax for non-resident... View More
In Sept 2019, I hit a deer. By Nov 2019, an auto claims adjuster came to the house, assessed the damage, and considered it to be a total loss. After the company received the amount to pay off the majority of the loan, which was to be $4995, the dealer's gap insurance that is required at the... View More
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answered on Aug 15, 2024
You have several legal options to consider in this situation. First, you may want to dispute the 1099-C with the IRS, as it seems the debt was already paid off, and the filing may have been incorrect. If the dealership's gap insurance was supposed to cover the remaining balance, and they did... View More
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