The transfer taxes and mortgage taxes are different. The Seller typically pays transfer taxes on the consideration (most often the sales price)...

How do I pay tax if my contracting employer doesn't give me a 1099 form?

You simply report your self employment income. Most employers are required to give an individual independent contractor a 1099 by law, but it’s a...

Who has to sign off to sell a house?

Since both the mother and son are listed as owners, you need the signatures of both on your contract. Depending on the terms of the POA, the...

Can a dealer cancel contract/loan after financing and registration in NY state?

The answer depends on the exact fine-print in your original contract. I have seen cases where this fine print says that tax info provided up front...

I live in nycha and my mother does not want to take me off her lease so i can move forward in life .

You are likely on the hook for the remainder of the current lease term. To take you “off” would require the rewriting of the current lease. Few...

What should I do?

I’m in full agreement with my colleagues. One thing I would note is that it sounds like you might wish to continue having the under-tenants on as...

How can I pay the lowest tax on a co-op apartment that I have rented out for about 30 years and claimed appropriate depreciation

From a tax perspective, inheritance is the most advantageous.

Is it possible to set up a business stateside while residing in the U.K.?

As a US citizen you can set up your business structure under the laws of the state in which you reside. You would need to resolve several technical...

Yes, technically the grantor can be both the trustee and beneficiary of an irrevocable trust. That being said, this is rarely done, because most of...

I had a tax lien foreclosure that was paid in full. I made the payments through a 3rd party servicer (forbearance agreement).

This should be fairly easy to check - use your case index number on NYS eCourts to check that the case was discontinued, and use your BBL# on ACRIS...

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