Which "trumps" the other", A court ordered agreement or tax law?

In Massachusetts, it's my opinion that a court order does not "trump" an agreement signed after such order since it's signed by both parties (one...

In 2009, my husband inherited 2 properties when his folks died. Can we deduct personal property taxes paid on our 2010 taxes?

The estate should file an income tax return on Form 1041. Your husband should receive a Schedule K-1 form telling him what tax impact the estate...

Massachusetts does follow an earlier version of the Internal Revenue Code exception to income where debt is forgiven and the taxpayer is insolvent...

Can I report for personal loan interset I pay?

There are complicated issues when a relative "lends" money to another relative, There are rules relating to the interest rates charged and rules...

House was in a trust Mother passed away 2008 House sold 2010 How is this dealt with regarding income taxes?

As you can see from the other answers given, it's never that siumple BUT it can easily be resolved for you if you want to engage an attorney to...

MA Nonresident Trust - can I make an LLC in NH as trustee?

Single member LLC's are not taxed to the LLC unless an election is made. Residency cannot be avoided by a change of trustees. These are very...

Must a gift of real estate be recorded as a purchase of the property for $1.00 condideration and...

Yes it must be recorded as a "purchase" for under $100 so there are no stamps due to Massachusetts [at $4.56 per $1,000 of purchase price if it's...

Are both myself and my current wife responsible for past tax debts?

The divorce decree determines if she is to pay half of a joint tax liability. The innocent spouse forms will not help your situation. You need to...

Responsibility for wife not filing her taxes in when we were still married but separated and filing "married filing separately".

I would be happy to help you resolve this problem. Please feel free to call or email me. Eric Rothenberg, Esq.

Am I able to claim parking fees while working as consultant if I lost some of the parking receipts?

If you kept a contemporaneous log of the required information [date, where, business purpose etc], as it looks like you did, and your parking is...