We are buying a house from my father. Will he have to pay capital gains tax on our gift equity?

If the home is your FATHER'S primary residence then he can exclude the first $250k of capital gain. If mom was also alive and owner then the...

I was fired on 8-14-13 by my HR Director and COO. I live and am employed in the state of GA and our corporate head quarters..

Don't fret. Simply file your application for unemployment in GA and provide the correct information as you know it to be. The employer will be...

Filing a S-Corporation Return (1120s)

Of course you have to file....is this a serious question as I doubt you think someone is going to tell you no problem if that is what you are...

Started limo business. I put up the money as I had better credit. Business failed. He feels he owes me $0--my inherent risk.

You provide no info whether you had the person sign a promissory note agreeing to owe you loan personally vs. You made an investment or a loan to...

Is my 2nd mortgage extinguished or removed via the purchase of an outstanding tax lien by a third party?

Hire a real estate lawyer as there are many facts not disclosed here as to the underlying docs, whether recorded as that is all new buyer will see.

How do I recover money loaned as a promissory note and the property is about to foreclose?

Just because the promissory note was not a mortgage does not mean you have no choices here. The borrower is on the hook to you personally and if...

Will my wife finances be affected by my financial troubles?

IRS cannot take your wife's income or assets for your debts unless she puts the funds/assets into a joint account with you in which case her assets...

I am a beneficiary& the trustee of my late-step-father & Mom's Trust. My sisters are harassing me so I will quit as trustee.

Ask them to assume responsibilities fro Mom's care and adopt a family plan that they agree on, shift the burden to them by making them participate...

My colleagues are correct but I think you may have gotten confused with something that is the exact opposite of what you are putting forward. In...

Is there a benefit to forming an LLC to transfer property held by a family trust?

I think you mean to say that the attorney is the trustee of the trust. An executor is someone who manages a decedent's estate so maybe this perish...