Archived
I'm upside down on my house.I want to rent it. What happens when it sells in 5 yrs and I'm still upside down. Do I owe taxes?
Mark's answer
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Answered on June 06, 2009
When you convert your home to an investment property, you can lose the ability to take the exclusion from taxes when you sell it ($250K for single,...
Archived
Are there tax advantages to inheriting a house over inheriting the cash from the sale of a house?
Mark's answer
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Answered on June 06, 2009
If the house is inherited, you get a "stepped up" basis for tax purposes, which is the value of the house at the time of death. This is beneficial...
Archived
I owe the IRS around $15'000 do i need to get a lawyer to work this out or can I get treated fairly without one?
Mark's answer
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Answered on June 06, 2009
Whether you need representation depends upon the tax problem. Do you dispute the amount owed or not? Do you want to enter into a payment plan? ...
Archived
How can we avoid losing our home due to late property taxes?
Mark's answer
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Answered on June 03, 2009
Normally, a property that has delinquent taxes is "sold" at tax sale. Then, after a period of time, the holder of the tax sale certificate can sue...
Archived
What can I do about an unidentified person claiming my kids on their taxes?
Mark's answer
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Answered on June 03, 2009
This appears to be an error in coding the social security numbers. You should file your return using paper, and notify the IRS that you believe...
Archived
Lawsuit for vacation and severance pay from a shutdown company.
Mark's answer
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Answered on June 02, 2009
You may be entitled to receive your accrued vacation time even if the company shut down. Under Maryland law, if the Employee Handbook specifies...
Archived
A shoplifting accusation
Mark's answer
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Answered on June 02, 2009
Did he actually detain you or bring you into a room for questioning? If not, I don't think you can prove any damages from his action, although it...
Archived
If I want to move out from the building without pay the deposit for moving out as per building required, would they have the rig
Mark's answer
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Answered on June 02, 2009
If the move-in fee was disclosed to you when you moved in, they are allowed to deduct it. Was it in your lease?
Archived
Dispute with landlord over standard amenities, tenant's rights
Mark's answer
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Answered on June 02, 2009
A landlord is responsible for providing basics such as heat/air conditioning, but I doubt that a court would find that a broken security alarm for...
Archived
How to win law suit filed by tenants for portion of security deposit I kept?.
Mark's answer
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Answered on June 02, 2009
I would attempt to settle this. The dead tree may be difficult to prove as their fault, as there are many reasons that a tree may die. Most...
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