Get free answers to your Tax Law legal questions from lawyers in your area.
Parties want to sell. Since my brother and I inherited my mothers party what should we be asking
answered on Sep 23, 2021
You should definitely meet with a probate lawyer. You will want some sort of official legal documentation to show that you now hold title to your mother's portion of the property. Plus, you want an attorney to make sure you're getting your fair share. Contact a probate attorney to see... View More
An individual worked respite hours taking care of elderly in 2020 but insurance company did not pay for hours worked. in 2021, insurance company agreed to pay for hours worked in 2020. By this time, individual was enrolled in school full time and had a financial aid package and grants in place.... View More
answered on Sep 22, 2021
You should contact a local employment law or tax law attorney to help you. This BB is not for providing specific legal information for you to deal with a particular claim. Search for a local attorney on this issue here on Justia.
My Mother died her home was owned by her & 1 sibling. Does my Mother part that she holds into the home goes to her living children?
She does not have a living will
answered on Sep 21, 2021
Yes. If she has no spouse and no will, then everything goes to her descendants. That would include her living children and also the children of any deceased child.
To my knowledge corporation referred to herein files 1120-H first time since its incorporation in 1981. It states it is a residential real estate association and claims exempt function income representing it came from me and others as "owners of real property".
I think I may be... View More
answered on Aug 12, 2021
Hi:
The form you mentioned, 1120-H is only for a HOA "Home Owners Association" to use for filing. It allows them to claim some exemptions.
I'm not sure why you think that for has any bearing on your status as a homeowner. To be sure, in some trailer parks the HOA... View More
The previous homeowner passed 4 years ago and the home has remained empty. The next of kin have shown no interest in the property. Can a neighbor care for the property (agricultural and house) and become the owner using an adverse possession claim?
answered on Aug 12, 2021
Yes, if you hold it exclusively for long enough. The minimum period in this situation would be 10 years.
Every time we called for a payment arrangement they said wait 30 days and call us back because they had not processed our returns. In the mean time we paid $350/month towards $29,000 from 2017 audit and 2018 and 2019 taxes. We got a payment arrangement and after that they filed a tax lien. Is... View More
answered on Aug 1, 2021
The IRS can file a tax lien if your debt is over a certain amount and/or if you are not having the payments direct debited from your account.
• My wife and I own a rent house. We also own an LLC.
• We want to transfer ownership of the house to our LLC and want to understand the tax implications.
• The rent house has had an operating loss, and it currently carries a loss carryover to be applied against future... View More
answered on Jul 11, 2021
I am not just passing the buck, but you really need to hire a tax professional with this transaction.
The taxes owed are due to claiming more dependents after kids left home and it was not caught until we reviewed w2 form.
answered on Jul 8, 2021
If you are paying federal taxes then you can request a one-time penalty abatement. This will abate penalties (not interest) for the first year a taxpayer owes taxes. As the name suggests this is a one-time option. Wait until you have paid the base tax due and then call the IRS and request the... View More
I started working this year and filed my taxes for last year. I got a tax refund but I was not employed anywhere last year. I am a F-1 student, will this refund affect my chances of getting green card?
answered on Apr 22, 2021
You should consult with a Certified Public Accountant to understand why you got a refund. As long as your taxes were properly completed, the mere fact that you got a refund will not affect your eligibility for permanent residency/green card. You should consult with an immigration attorney though... View More
What happens if I don't give her the 3rd stimulus check?
answered on Apr 5, 2021
If the check is in her name and you don’t give it to her, you can face criminal charges and civil penalties. Unless your divorce decree awarded you her check, which it doesn’t sound like.
I have paid to have a nonprofit created for me from a trusted source. If it was formed incorrectly and I get audited for not paying the correct amount of taxes... Would this be considered tax evasion(jail time?) or just tax avoidance (legal, so just an extra fine)
answered on Mar 31, 2021
It isn't possible to answer your question based on the limited information provided and, because of the sensitive nature, I would recommend having a confidential consultation with an attorney subject to attorney-client privilege. When something is done wrong on your tax return, it not lawful... View More
I filed my taxes last yr as married filing jointly bc thats how turbo tax said to file and since we were still legally married and no papers were filed i didnt want to get in trouble for filing incorrectly... so i got the first stimulus and the second and havent given him any... he filed for... View More
answered on Feb 3, 2021
You filed as married, and you were married. Nothing inappropriate there. Even after the divorce petition is filed, you're still married until there is a final divorce decree. The stimulus payment is community property and you can spend it however you wish. Your soon-to-be ex's... View More
My W2 shows a $5000 difference from what was deducted vs what the trustee received. My bankruptcy lawyer has been no help & now my bankruptcy case is being dismissed. Is there anything I can do about this since my money was mishandled by my employer? What/if any law would the employer be... View More
answered on Jan 21, 2021
Tons of laws! Basically, this would be the equivalent of civil theft. I would first alert the trustee and they may take care of it. If not, I would file a motion to compel in the bankruptcy court to have the money turned over.
My parents gifted us the house in 2020, how to we claim this? We're not going to sell it, rather we will sell our current house and use the equity and remodel the gifted house. We have lived in our current house for over 9yrs and it will be less than $500k, so capital gains tax shouldn't... View More
answered on Jan 19, 2021
Your parents (the giftor) should file a gift tax return because the amount of the gift exceeds the exemption. The exemption is set at $15,000 per person. If your parents (two giftors) choose to gift split, and the gift is given to you and your wife, this allows for a $60,000 exemption ($15,000... View More
Father-in-law giving $250,000 to help purchase a property that is $500,000. This Texas property is 30 acres plus home. Will he be taxed on that "gift" or does it fall under the Lifetime Credit Tax Exemption? Additionally, it's not really a gift as we are leasing him 25 of the... View More
answered on Jan 19, 2021
Short answer is yes he must file a gift tax return. However, there is a lifetime exemption amount of $11,700,000 per person. That means that your father can gift up to $11,700,000 tax free during and after his life via gifts and his estate. The lease does not matter. It is still a gift if you are... View More
Now indiv seeks order of protection to recover home theft of all property while accussed in jail on abuse charges fabricated
answered on Dec 27, 2020
I am not clear on your question. It can be tricky throwing accusations at an alleged abuse victim because it can sound like a motive or logical justification for violence. You should also be aware that some prosecutors will consider the fact that a person is a veteran to mean they are MORE likely... View More
before the gold is paid for, we need to pay some right to sell tax. It’s a document that’s supposed to have the judge’s signature on it. It’is $45000
is this true or a lie
answered on Nov 25, 2020
If you're buying gold, and someone is telling you that you have to pay for a document signed by a judge to purchase it, it's a scam. Buy from someone reputable, and preferably local.
answered on Nov 24, 2020
There is no inheritance tax in Texas, and most estates are not large enough to require payment of any estate taxes. Find more information here:
https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-estate-taxes
answered on Nov 17, 2020
The income tax code is not tied into voting. Think of childhood stars who had very large income (Michael Jackson, Stevie Wonder, Shirley Temple, etc.) They all paid tax on their income even if they could not vote.
So if I upload a video from US but link it with my homecountry bank...which means I can't get the money in USA but only get money in my home country bank account..is that legal and fine? And what if I know someone who is working in USA and invested and have E2 visa(not green card), can I... View More
answered on Nov 6, 2020
No! You are living and working in the U. S. in violation of your F-1 student status. There can be remedies to this mistake, but you need an appointment with a competent and experienced immigration attorney, who can take the time to provide legal advice.
The above is general information,... View More
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