Lifecare facility tax deduction

Generally, the portion that relates to medical is deductible. There is usually a breakdown given by the facility as to the tax deductible amount...

These reimbursements could be construed as tax fraud, that could result in criminal and civil fraud penalties and in a worse case scenario jail...

Can I force the majority owners to purchase my stock?

As the prior attorneys point out the shareholders agreement needs to be looked at by an experienced business/corporate attorney. However, the...

Without a shareholders agreement you can not force him to sell you his shares. If you do not know where he is then you can not do anything to...

Not all banks have such limits, so you may want to check around. Also, a mutual fund company that offers national CDs could probably accomodate...

My Father's estate is to receive $1,000 From an asbestos settlement. My Mother has Alzheimer's. Can I be the Legal Rep. to sign?

Your dad's will needs to be probated so that the executor hopefully you or your mom can be named to act for the estate. If the will names your mom...

How do I get two additional names on a real estate deed

In addition to the great comments by the prior attorneys, you need to consider the gift and estate tax implications of adding names. In some...

How can one avoid claiming income on the sale of a secondary residence

You can not avoid taxes by setting up a trust. The only way to delay taxes is to perhaps swap the property for another piece of real estate and...

Federal inheritance tax on real estate

Generally, the settlement company reports the gross proceeds from sales on the Form 1099. However, that does not report your gain. If the house...

What would the difference be between a single member LLC and a multi-member LLC be for new LLC filings in CA?

From a federal tax perspective, a single member LLC is called a disregarded entity and as such you do not have to file a corporate tax return. You...