I'll take a crack at this as there is not much there in terms of facts. If you have other bills, the homestead exemption plus state exemptions may or may not (depending upon HOW MUCH equity you have) protect the equity you spoke about. You said "settlement" on the mortgage, but what is the controversy upon which a "settlement" may occur? You didn't say whether or not you were getting a disability income or not. To file a chapter 13 you must have income. Otherwise its a 7....
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Wherever the arses sit in chairs that work the computer is located generates tax on that situs. So, if Montana LLC with workers in montana generating revenue and profits flow through passively to owners, its Montana source. But if the owners are in CA, they pay CA tax anyway because they are California citizen/residents. If persons working the machine are in CA, then CA source is generated. and owners are taxed here anyway. If Montana LLC has feet on the ground in California and if...
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Generally: 1. trusts, property, legacies get a step up in basis. 2.If distributed before they experience post mortality gains, estate pays tax. 3. If you are receiving income based upon earnings, interest, etc, that is sometimes taxed to the recipient unless the trust has instruction to pay the tax. This happens rarely because any income retained is taxed at the maximum rate to the trust, but income paid directly is taxed to the recipient at THEIR tax rate which might be quite low....
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If you are SURE you didn't grant permission, this could be good suppression case. Get a lawyer NOW, write down the facts while they are fresh in your mind.
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No.
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You gotta be kidding. First, the attorney has no basis in his hours donated. Under the rules if he wanted to spend time doing nothing or helping the nonprofit, the tax result is the same. If there is no tax fraud, there is no reason for a bill. If he tried to write off the $100 as a donation it would be tax fraud because he has zero basis in the "donation". Second, do you realize that a cash donation of $100 for a self employed individual costs them about $110? Charitable...
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1.If he is a CT resident and taxpayer, he can take state benefits. 2. Is he an entity or just a sole proprietor? (further insulates him if he is an entity) 3. I know that IRS has recently (and unjustly) declared war on independent contractor employers, but there are many categories where it is proper. You didn't state your job and I can't tell if it is independent contractor type. 4. I wrote an article on this, linked below. 5. How do you know that the employer is "not paying his...
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Curt Harrington Certified Tax Specialist -- State Bar of California Board of Legal Specialization (J.D.; LL.M.) Electrical(M.S.E.E.)-Chemical(M.S.Ch.E)(B.S. Chemistry)-Mechanical Patent (Intellectual Property) Attorney & MBA (562) 594-9784 --- http://patentax.com Bio: http://patentax.com/curt/index.html Library: http://patentax.com/library/ Please remember to designate your question's BEST ANSWER. Questions for you to consider.... 1. Is mom taking the payments into income?...
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Hire an attorney without further delay. The 2 years of clean living and the excuse for not showing up needs to be put before the court.
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1. Read the Ralite Case 2. What will happen to the properties if held in foreign corporation such that without an additional registration to "do business" in CA, the corporate owner cannot defend a lawsuit? (I.E. you pay foreign LLC fee AND CA LLC registration "do business in CA" and it now costs you about $1000 per year per LLC.? 3. What about the tax agency prosecuting a fraudulent transfer for the transfer of property to an out of state LLC while taxes are owed? 4. What about the CA FTB...
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