Archived
How do I get the builder to correct a construction mistake done by him - New Home Construction
Scott's answer
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Answered on December 12, 2015
What does your contract say. I assume you used a lawyer for new construction. Talk to them to talk to the builders lawyer.
Archived
Is there a contract that can be written up for an unmarried couple who purchased a house together?
Scott's answer
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Answered on December 12, 2015
Your mother can draft a tenancy in common agreement to protect her interest. Talk to a lawyer.
Archived
If I am receiving monthly payments for a business I sold, are the monthly payments taxable?
Scott's answer
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Answered on December 12, 2015
This is known as an installment sale. The income would be recognized as received. There will likely be imputed interest. Talk to a CPA or tax lawyer.
Archived
Is it too late to complete a 1031 if I closed 40 days ago and received the proceeds of the sale?
Scott's answer
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Answered on December 10, 2015
It sounds like you are probably too late.
Archived
What is the step by step process of probate in the sate of Mass?
Scott's answer
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Answered on December 10, 2015
Law is not color by number. There are a lot of steps each with sub steps. And not always do things go as planned. If you are going to do this alone...
Archived
Can a foreigner have a Limited Liability Company in Texas as a non resident with no work permit?
Scott's answer
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Answered on December 10, 2015
There is no tax reason that a foreigner cannot own an LLC
Archived
What are my options? Do I have a chance at fighting this case?
Scott's answer
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Answered on December 10, 2015
Part of your answer lies in what the document stated that you signed. What helps is that you have a writing the may terminate the agreement (the...
Archived
Do we get the step up basis for capital gains for federal tax? Will we owe inheritance or estate taxes to wither MA or OR?
Scott's answer
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Answered on December 10, 2015
Your question says that the house was in the trust. A lot rests on who the grantor of the trust was. If the grantor was your Uncle then because its...
Archived
What and how do I file with the IRS so they know that I am not doing this full time.?
Scott's answer
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Answered on December 10, 2015
Its probably best to sit down with a CPA on the tax side of this. You can file as part of your individual return on Schedule C of Form 1040. If you...
Archived
What is my best course of action at this time?
Scott's answer
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Answered on December 10, 2015
This sounds like a mess without a simple answer. You need a lawyer to represent you and take the appropriate actions to protect your rights.
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