Archived
Are there consequences for credit unions who change the interest rate because a property is a condo? Huge consequences for me.
Eric's answer
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Answered on August 08, 2016
There are many questions raised here. The first one, that the mortgage company mislead you into a higher rate when they made the mistake, was...
Archived
Do I have to pay capital gains tax for property sale in India?
Eric's answer
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Answered on August 08, 2016
The answer is "YES and NO". Under treaties with the US, you are eligible to avoid double taxation but you will need to know what return and taxes...
Archived
Tax Treatment for Settlements?
Eric's answer
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Answered on August 04, 2016
If you relinquish a contract right you are selling a capital asset. That would be a short term gain unless the contract has been signed for over a...
Archived
What kind of attorney do I speak to about closing my 401k account with a previous employer?
Eric's answer
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Answered on August 03, 2016
You will have lots of choices on what you could do once you close your former employer 401(k). You should definitely consult a tax lawyer to go...
Archived
Do I need to declare a UK pension lump sum as income in the USA
Eric's answer
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Answered on July 31, 2016
If you are taxed on world wide income (i.e. Citizen, green card holder or resident) then you pay taxes on the pension if you withdraw it. If you...
Archived
Does a vehicle excise tax from town have a statue of limitations?
Eric's answer
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Answered on July 29, 2016
There is no statute of limitations on those taxes so unfortunately if they are correct then you owe the tax.
Archived
I changed my state of residence for my taxes but my former state wants a whole year worth of taxes?
Eric's answer
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Answered on July 28, 2016
Living or not living in a state is not dispositive of whether or not you are taxable here. This requires much more factual information such as...
Archived
Is there a way for a parent to gift rental real estate to an adult child without setting off a tax bomb?
Eric's answer
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Answered on July 20, 2016
There are many easy and non-taxable ways to accomplish your goals to protect you. This cannot be answered adequately in this forum. Please get a...
Can I change my legal residence from Massachusetts to Florida without selling my MA house and not pay taxes when I do sell ?
Eric's answer
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Answered on July 16, 2016
If you become a resident of Florida you are only liable in MA for MA "source" income & your estate is only liable for assets you own in your own...
Archived
Is my ex entitled to get a copy of my 1095a form
Eric's answer
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Answered on July 13, 2016
If you cover her she's entitled to the name, federal ID and months of coverage but no more. The amount you pay is not required to be shared.