I purchased equipment for 75000 in 2000 and am going to sell for 80000. do I pay capital gains on all 80000?

Generally speaking, because the equipment is fully depreciated, you will pay ordinary income tax on the first $75,000 of gain, and capital gains on...

If I purchased property intended to be divided between children. Now that they are adults, what is the best way to do this.

There are a variety of ways, however, each can have its negatives as well as its positives. For example, if you transferred the property and...

Does physical joint custody include child support?

Child support is still generally required even where physical custody is shared. Generally speaking, I believe that in this situation the parent...

4 yrs after purchasing a property and home in the country, served with membership in a corporation and provided bylaws. shocked.

I'm going to move your question to the Real Estate practice area in hopes that you'll get some answers there.

Laws about kids making money from Youtube.

I can at least touch on the issue regarding the IRS: whatever money is earned from the accounts is taxable income and must be reported on a tax...

Being harassed from a payday loan company even though i paid i bill i didn't think i owed.

You need to speak with an attorney who has experience in debt collection matters immediately. Based on your description, there were almost...

I am starting a business with 2 partners. We are unsure how to set it up... LLC, Joint venture, etc... It's a holistic spa.

I'll answer the last question first: yes, you do need to retain an attorney. You need to consult with someone who has experience with getting new...

You're definitely doing the right thing by getting a probate attorney on board, especially before anything starts to get out of hand. With respect...

If my mother and aunt own a home together and one wants the other out do they have a legal leg to stand on?

I'm going to move your question to the real estate practice area as you are more likely to get answers there.

Receiving investment money from UAE to invest in US based startups

You should retain an attorney with cross-border experience to review all of your arrangements and vet them for both tax and non-tax issues.