Questions answered by E. Michael Paturis

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Do I need to file for state tax-exemption for my Non-Profit Corporation?

E.'s answer | Answered on February 21, 2015

While I am not a California attorney, the approaches suggested by the other attorneys is consistent with my approach when applying for tax exempt...

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CA590 form

E.'s answer | Answered on February 21, 2015

Why don't you try to have "the other company" fill out the CA590? I can understand both your and the CT company's concerns. If that other company...

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I want to purchase a condo for my daughter in Washington, DC. I live in another state. Are there any tax implications?

E.'s answer | Answered on February 19, 2015

You stated you are purchasing the condo for your daughter-I assume this means you are putting title in her name. If she is the owner, I believe...

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My spouse promised (in writing) to pay for graduate school for me if I would support him through medical school.

E.'s answer | Answered on February 19, 2015

There are not enough facts provided to give a definitive answer. To explain, was the $100,000 alimony or a division of property? If alimony, it...

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Are 'Origination Charges' on a closing statement for a new home tax deductible? Is Title insurance?

E.'s answer | Answered on February 19, 2015

The title insurance is not deductible. You should have a CPA do your tax return because some of the closing costs and points may be added to your...

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Taxes

E.'s answer | Answered on February 18, 2015

I agree with the answers you received from the other attorneys. This is for informational purposes only and should not be relied upon by anyone as...

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If dividends or interest is under $ 10.00 in a savings account for the year, do I have to clam it on income tax ?

E.'s answer | Answered on February 18, 2015

The other attorney's answer is correct. This is for informational purposes only and should not be relied upon by anyone as legal advice,

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Do I have to pay income tax in my home state after I already paid taxes in the state I worked?

E.'s answer | Answered on February 16, 2015

It is not very unusual that a resident of one state who works in another state to be required to file returns and pay taxes to both states. ...

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What are the first steps in forming a non-profit? Is there a cost range you can provide?

E.'s answer | Answered on February 16, 2015

Formation of a non-profit is a demanding task, and I recommend you use a tax attorney. To explain, a special form must be completed. An official...

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I don't want to lose my home, what can I do?

E.'s answer | Answered on February 15, 2015

You did not provide very many facts. For example, a discharge of indebtedness is commonly determined to be income to the debtor. You stated there...

E. Michael Paturis's Answers (246)

Do I need to file for state tax-exemption for my Non-Profit Corporation?

CA590 form

I want to purchase a condo for my daughter in Washington, DC. I live in another state. Are there any tax implications?

My spouse promised (in writing) to pay for graduate school for me if I would support him through medical school.

Are 'Origination Charges' on a closing statement for a new home tax deductible? Is Title insurance?

Taxes

If dividends or interest is under $ 10.00 in a savings account for the year, do I have to clam it on income tax ?

Do I have to pay income tax in my home state after I already paid taxes in the state I worked?

What are the first steps in forming a non-profit? Is there a cost range you can provide?

I don't want to lose my home, what can I do?