Archived
If my grandma has control of the estate, can she choose to auction the house even though my brother and I don't want to?
Scott's answer
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Answered on April 11, 2016
As trustee your grandmother has a fiduciary duty to the beneficiaries. If an auction does not bring the best price possible she may be in violation...
Archived
Will i be taxed on the selling. If yes how i will be taxed when i don't have Tax Id Number nor i Social Security number.
Scott's answer
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Answered on April 11, 2016
As a non-us resident there will be a 10 withholding of the gross sales price. You will need to get an ITIN to file a return and get any refund due...
Archived
Does an employee, not an independent contractor, file a 1099 (or some other form) to report income that has no records at all?
Scott's answer
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Answered on April 11, 2016
If you were an employee you should receive a w-2. If not you should receive a 1099. It's sounds like this was all under the table but you want to...
Archived
Would the estate have to pay state and fed taxes on a 401k account even though this account was in the estate and awarded to us?
Scott's answer
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Answered on April 11, 2016
I believe you mean the estate income taxes for 2015? If so a 401k would be subject to income taxes on distribution. But if the income/estate...
Archived
Can I reinvest withdrawn Roth IRA contributions?
Scott's answer
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Answered on April 11, 2016
If you are working 60 days of the withdrawal you may be able to reinvest the funds and treat them as an indirect rollover. Otherwise it would...
Archived
What determines residency status in Massachusetts? For taxes purposes...
Scott's answer
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Answered on April 04, 2016
This can be very complicated. There are many factors. One being how many days do you spend in MA compared to Florida. Where is your drivers...
Archived
Is it legal for a realty company to accept other offers on a bank owned home after you were told they accepted your offer?
Scott's answer
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Answered on April 04, 2016
Unfortunately until the contract is signed you don't have a binding agreement.
Archived
How much tax, if any, will I pay as a result of receiving monthly distribution from my father's Will?
Scott's answer
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Answered on April 04, 2016
There are many factors that go into how much you will pay. First what is your tax rate. Also, how much of the distribution is attributable to...
Does a property owner have the right to not let town hall visit inside of his house?
Scott's answer
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Answered on March 21, 2016
Is this for a permit. Then you consented to them inspecting by getting the permit. They sometimes so this when there is a new owner or after a...
Archived
Are nonprofits required to provide information about executive director or other staff member salaries if requested?
Scott's answer
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Answered on March 21, 2016
Non-profit tax returns are public record and there are certain requirements to disclose salaries on the returns. Check with the state AG's office...
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