Archived
Can a buyer legally back out of a signed real estate purchase contract stating, "I don't speak or understand English?"
Ronald's answer
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Answered on October 31, 2014
No. Please check with your local Real Estate attorney. In some States there is a period when the parties may cancel if the agreement was prepared...
Tax lien placed on my house by IRS for a former owner. Am I responsible?
Ronald's answer
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Answered on October 31, 2014
The lien is against the individual. If it was filed prior to your purchase, it should have been picked-up on the Title Search. If you recently...
Archived
A Family Trust, several residential properties, all in trust, tax advantages question, how to get the Fed tax exclusion?
Ronald's answer
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Answered on October 31, 2014
Please consult a good estate tax attorney. You need legal help to solve.
Best,
Ron Cappuccio
Archived
How can I get my husband's tax and income report? Do I need to travel to United States to get this information?
Ronald's answer
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Answered on October 31, 2014
This is a question that should be answered by a divorce lawyer. I am switching the topic.
Good luck!
Ron Cappuccio
What's the maximum amount of money you can make for a 1099 job before you have to pay taxes.
Ronald's answer
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Answered on October 31, 2014
Your question is very simple. As a self-employed person, you must file a tax return and 1040 Schedule C. Please keep good business records and...
Archived
How can high income salaried couple take rental losses tax deductions?
Ronald's answer
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Answered on October 31, 2014
Have you talked a good tax attorney? This requires specific advice based upon the facts. It requires planning. That is why you need a good tax...
Archived
I live in wv and have several paid and released state tax liens on my credit report. How can I have these removed?
Ronald's answer
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Answered on October 31, 2014
Sorry, but these will stay on your credit reports and show "released". One thing you can try is to do an online challenge with the credit reporting...
I want to give my son $100,000. towards a house. Tax implications? How can I do this? This to me is complex!
Ronald's answer
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Answered on October 30, 2014
You still can jointly give a gift of $28k this year, and $28k on January 1. Discuss this with a good tax and business attorney.
Ron Cappuccio
Archived
Which days to count for the substantial presence test?
Ronald's answer
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Answered on October 30, 2014
You count the time in the US by days, It is a little complex and you should present a calendar to your tax attorney.
Ron Cappuccio
Archived
I want to pay $100,000. toward my daughter's student loans. Possible? Would there be any tax implications for either of us?
Ronald's answer
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Answered on October 30, 2014
First, a gift is not income to your daughter. If you are married, you can give a $28k non-taxable gift this year. January I you can give another...