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I manage my mothers irrevocable trust and she insisted I take a fee this past year (2011). Is this taxable income
E.'s answer
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Answered on February 26, 2012
If the fee was provided to you for your services in managing the trust, then it is taxable income to you. It is also a deducton to the trust. You...
Archived
How can I get a law passed where attorneys do not get paid if they lose their case?
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Answered on February 26, 2012
Laws get passed by going to your legislature. In your case, a state law would be passed by the legislature in Washington State. A federal law...
Archived
Can New York State put a bank levy on my checking account in OH for a tax lien from 1993.
E.'s answer
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Answered on February 26, 2012
Yes, New York can levy your bank account in Ohio.
Note new law in New York that will have tax judgments expire 20 years after initial judgment...
Archived
Does immediate sale of contribution affect my write-off in taxes?
E.'s answer
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Answered on February 26, 2012
I agree with the previous answer...that the donation as to be to a qualified IRS charity. Not all non-profits are so qualfied. In addition, the...
Archived
What can be claimed as a deduction when starting a new farm?
E.'s answer
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Answered on February 26, 2012
Deductions for farming do go on Schedule F. It may be wise for you to form an LLC for liability purposes. However, the creation of an LLC would,...
Archived
I my former employer signed for registered mail for me sent by the IRS and did not forward it to me for over 4 weeks
E.'s answer
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Answered on February 26, 2012
You should be focused on resolving your case with the IRS. You can (and should) file appeals with the IRS using form 12153 or form 9423. See...
Archived
Who is obligated to pay the utilities company's bill, me or my tenant?
E.'s answer
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Answered on February 26, 2012
As I am not a Texas attorney, I cannot know the answer for sure. But, I can help with some general concepts.
It appears here that the utility...
Archived
What are my options when a person refuses to leave my home after being asked several times?
E.'s answer
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Answered on February 26, 2012
You question is a bit confusing. At one point you talk about inviting her to your "family's home" while in another instance, you are talking about...
Archived
What is the responsibility of my child's daycare's insurance?
E.'s answer
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Answered on February 26, 2012
You should definitely contact a local law firm. Most firms will take this case on a contingency. If the daycare facility was negligent, they are...
Archived
I am trying to determine if a Texas Residential Lease, where the Lessor signed as an Attorney in Fact creates a vaild lease.
E.'s answer
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Answered on February 26, 2012
If you are asking this question as an "after the fact" issue, check with local counsel. If you are asking this question as to whether or not you...