Archived
In the New York City apartment rental market is it legal to pay a *tenant* a fee in his help in renting out an apartment?
Irena's answer
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Answered on November 07, 2019
Dear Owner,
It is technically legal for you to compensate your tenant for the time and trouble of showing around the apartment, but you cannot...
What are the responsibilities of alternate trustee when the original trustee and sole beneficiary dies without leaving a will?
Irena's answer
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Answered on October 28, 2019
"Full and unquestioned control"? You may be right that the control is "full", in that Mr. S is the sole remaining trustee of Mrs. C's trust. But...
What can i do if i think im being over charged in closing costs? Mortgage loan amount is 50k cash to close is 20k.
Irena's answer
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Answered on August 25, 2019
“Cash to close” does not mean just closing costs. Depending on the amount of your deposit, cash to close typically includes the remaining down...
Archived
Avoiding double taxes?
Irena's answer
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Answered on August 23, 2019
Typically you would declare the income and expenses from your UK rental on your US tax returns using US tax rules. If there is any tax due here...
Archived
Will I need to pay NYC real estate transfer tax
Irena's answer
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Answered on July 23, 2019
A gift transfer would not be subject to a transfer tax, but yes, you would need to create and file a “zero consideration” transfer tax return, and...
Archived
My client has 100% ownership in a NYS S-Corp. and wants to transfer it to his sister. Are there any tax implications ?
Irena's answer
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Answered on June 06, 2019
If it is a true zero consideration transfer between family members, he will have to file a gift tax return, as well as property tax transfer...
Archived
How can I get my mother’s house from my brother ?
Irena's answer
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Answered on June 05, 2019
There is not enough information to provide you with any meaningful guidance, except to say that simply paying property taxes on a house will not by...
Archived
Do I have to file a dba in every state/county that I am calling for phone sales business?
Irena's answer
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Answered on June 05, 2019
Telephone marketing outside your county does not amount to "doing business" outside the county, so the answer is NO, you are not required to file...
Archived
Can I do freelance works during my OPT as F1 student?
Irena's answer
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Answered on June 05, 2019
The Board of Immigration Appeals has held that self-employment is the same as W-2 employment - and therefore illegal, unless specifically...
Archived
Can my lender call in the loan (due on sale) if I deed the house to my wife?
Irena's answer
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Answered on June 05, 2019
12 U.S. Code § 1701j–3(d)(6) exempts a transfer where the spouse or children of the borrower become an owner of the property; 12 U.S. Code...
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