Can an irrevocable trust be changed

Yes. In Maine a trust can be modified, see Title 18-B, M.R.S.A. Sec. 411. Without seeing the trust instrument it would be impossible to know...

Do you have to claim on your taxes if you are renting to someone?

Yes - rental income is considered gross income subject to tax. Gross income can be reduced by allowable expenses which might result in net loss on...

Would you advise exchanging a vacation land lease of 99 years for a 1 year automatically renewing lease?

No way to tell without seeing both leases. You should sit down with an attorney especially where this is being done for tax purposes. If it turns...

How can we stop DHHS from ruining our business?

You really need to speak with an attorney who has handled DHHS investigations. Trying to sort this out yourself on Avvo is not going to help. Most...

My wife just sold her mothers house. what taxes will we owe?

Assuming the house was part of your mother-in-law's estate, the sale will be taxed at the estate level as the home will be considered as principal...

If I gift a house worth $20K to a homeless person who is unrelated to me, can I use the gift as a tax deduction?

No. Sorry, this individual would not qualify as a charitable organization under the Revenue Code.

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I am getting sued in small claims court in massachusettes and I live in Maine do they have jurisdiction if I live in maine

Sadly this is one of those "It depends" questions. A Mass. court would have jurisdiction over you, even if you live in Maine, if you have certain...

My bookkeeper didn't pay 941 taxes or state withholdings and sales taxes for months and left the company which is now bankrupt?

There is always hope. Cases, such as this, turn on the particular facts of the situation. The best way to deal with this is to hire an accountant...

It depends. The first thing I would want to see is the deed to the house. I am always leery of people claiming to be heirs without seeing the...

Bankruptcy- federally backed loans vs private loans. They accepted dividends from Ch7 & recd funds. please read details

I agree with my colleagues. Accepting a dividend during bankruptcy does not render a claim dischargeable. You have to show, at a minimum, that...