I'm going through a divorce and my fiancée and I would like to purchase a house, should I give him POA to protect our assets?
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Answered on June 28, 2021
Ma’am, if I were you, with all due respect, I would slow down. You’re divorcing one guy and you’re already engaged to another? And this new fiancé...
My dad has a tax lien, we recently took him in, can the IRS lien my property?
Larry's answer
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Answered on June 28, 2021
I don’t know why the one attorney mentioned appealing to Lane. That’s a waste of time. No, his lane will not attached to your property. The issue...
Does an IRS Tax Lien filed in error stay on public record?
Larry's answer
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Answered on June 28, 2021
Technically what you want is a “Withdrawal” of the lien which has the legal effect of saying the original lien was filed in error. Make sure you...
Can I count gas as a business expense in a partnership and also deduct mileage on my personal taxes?
Larry's answer
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Answered on June 12, 2021
What do you think? Wouldn’t that be double counting? No you can’t.
Is there relief from the IRS for taxes that resulted in Felony so I can obtain my passport?
Larry's answer
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Answered on June 12, 2021
This is a big issue and I hope you do not rely on this service for an answer. You need to find someone who is experienced in tax problem resolution...
What can we do ? can they be held liable?
Larry's answer
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Answered on June 12, 2021
Unfortunately in life not every mistake should lead to a lawsuit. Yes you can sue for breach of a fiduciary duty, but what are your damages? You...
With Wholesaling real estate what are the legal requirements and what taxes to i have to pay ?
Larry's answer
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Answered on June 12, 2021
Sorry but you aren’t old enough. You must be 18 to legally sign contracts on your own. I’m pretty sure that’s the law everywhere. And with all due...
Tax attorneys - if I buy inventory and it depreciates before I sell it, what is my COGS?
Larry's answer
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Answered on May 07, 2021
Why do you say it's inventory? You don't mention owning a bunch of shoes. Sounds like a personal investment and a non-deductible personal loss to me.
Archived
This year taxes?
Larry's answer
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Answered on April 30, 2021
Not income. It's a gift. Don't worry about it.
Archived
This year taxes?
Larry's answer
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Answered on April 30, 2021
That's what cash is for! lol. I agree, it's a non-issue.