New York City, NY
Estate planning Lawyer at New York City, NY
Practice Areas: Estate Planning, Tax, Corporate & Incorporation
Form 1099-G. The state provides this form both to you and the IRS.
Not clear on your facts/question, but if you are asking whether respondent is entitled to share in deductions already reported for 4 years on...
If you structure them and operate them as two separate entities, then yes they may have an arm's-length rental agreement that might provide a...
0% Federal, but you should consider the rate for IL and the state/county of the parcel's location, if any.
Almost certainly yes. But, if you are forming an entity, the entity registration rules should be reviewed.
Solely with respect to the inherited ownership interest, such property generally becomes long-term cap gain property in the hands of the...
This answer will address a few issues of the many your question presents. First, you may want to reconsider operating as a C corp for many reasons,...
Usually by default, the seller pays the .4% transfer tax. Solely based on the quoted provision, it seems that the contract obligates the purchaser...
While there is no "inheritance" tax on an inheritance there is an estate tax both on the Federal and NYS level. For either estate tax to apply, the...
Donee is not responsible for filing or paying gift taxes. The donor (person giving the asset/funds) is responsible for gift taxes.
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