Questions answered by Thomas Brett Duffy

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Complete transaction to equalize retirement accounts

Thomas's answer | Answered on October 24, 2016

You are talking about a "transfer incident to a divorce." Both the transferring and receiving accounts must be IRAs (or most SEPs). Were any of...

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Sign release that says I rec'd money when I havn't?????

Thomas's answer | Answered on October 24, 2016

This "standard language" has bothered me too -- both before and especially after I became an attorney. It is a chicken and egg type of problem. ...

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My xhusband &I shared a bank acct I was primary he the sec. He passed away no will. Do I need to do ct estate tax form?

Thomas's answer | Answered on February 02, 2015

You should be fine. You two disavowed each other's separate property when you divorced. (In other words, if you have bequest in his will --...

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My 30 yr son deceased June 2014 left me $14,000 401k . Can I put the amount in an ira to avoid taxes.

Thomas's answer | Answered on January 30, 2015

Sorry to hear of your loss. In your particular situation, there's little doubt that you want to use the life expectancy method. Details will be...

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My husband and I separated & sold marital residence. Can I use the proceeds he received from the house sale as a loss on taxes?

Thomas's answer | Answered on January 29, 2015

I see no way that the voluntary sale of a home -- even under bad circumstances -- could possibly be a loss which could be written off on your...

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Hi I need to do a call with someone about a stock trading method to verify that it is legal. Thank you

Thomas's answer | Answered on January 28, 2015

I just advise to get an attorney who either used to have a series 7 license or was actually a trader. This way you'll save a lot of money on...

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Can I use health insurance unknowingly provided by a previous employer?

Thomas's answer | Answered on January 27, 2015

I must slightly disagree with the two gentlemen above. If your employer has more than 50 employees, a Federal law called ERISA (now Obamacare too)...

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Is it appropriate for a POA to loan money from the dependent and not pay back upon the death dependent?

Thomas's answer | Answered on January 14, 2015

Allow me to restate the question as I understand it. The sister/attorney-in-fact of a power of attorney given by your father has taken a loan from...

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Can I file an amendment if my son was not claimed on taxes for the past two years

Thomas's answer | Answered on January 14, 2015

Probably but make sure you meet all the rules in IRS Publication 501 under exemptions. Use form 1040X and your ex must sign, and you must attach,...

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Is it legal for a town to post on a website anyone who has been charged with a drug offense with their current address

Thomas's answer | Answered on October 09, 2013

I agree with the two counsel who have answered. I add that you are almost certainly eligible for an expungement after which the data will not be...

Thomas Brett Duffy's Answers (160)

Complete transaction to equalize retirement accounts

Sign release that says I rec'd money when I havn't?????

My xhusband &I shared a bank acct I was primary he the sec. He passed away no will. Do I need to do ct estate tax form?

My 30 yr son deceased June 2014 left me $14,000 401k . Can I put the amount in an ira to avoid taxes.

My husband and I separated & sold marital residence. Can I use the proceeds he received from the house sale as a loss on taxes?

Hi I need to do a call with someone about a stock trading method to verify that it is legal. Thank you

Can I use health insurance unknowingly provided by a previous employer?

Is it appropriate for a POA to loan money from the dependent and not pay back upon the death dependent?

Can I file an amendment if my son was not claimed on taxes for the past two years

Is it legal for a town to post on a website anyone who has been charged with a drug offense with their current address