Red Bank, NJ
Elder law Lawyer at Red Bank, NJ
Practice Areas: Elder Law, Tax, Estate Planning
Hi: You have a fiduciary duty to the "ward" (i.e., your parent). This is a great responsibility. Below is a link to a MI guardianship handbook. ...
Hi: If you have a valid, not revoked, power of attorney you may be able to sign the return without any issues although you would have to notate...
Mr. Zelinger has given you a thorough answer. There shouldn't be any income tax consequences to you or gift tax consequences to your father. If...
Hi: Mr. Margolies has provided you with a thorough answer. The only thing I would add is if the reason for your question is coming from your...
Hi: First off, sorry for your loss. As Mr. Edelman has stated, children are generally not liable for the debts of their parents. Sounds like the...
Sec. 1445 imposes a 10% withholding tax on the amount realized (i.e., gross sales price). The increased $1 million applies to dispositions AFTER...
Hi: Only the travel related to the "side job" is deductible on Sch. C. Whether 26,000 miles or $26,000 of a deduction ("loss" in your words) that...
Hi: if someone is gifting that amount of money they should seek the advice of an attorney. Although there may not be gift or income tax...
Hi: In all likelihood, yes. Below is a link to the IRS' website that asks you some questions to help you make a determination.
Hi: Unfortunately not. Child custody fees are consider personal in nature (not related to the production of income); therefore, non-deductible. ...
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