Can I get in trouble for opening a bank account in my name for someone else's settlement checks to be deposited into?
Kaye's answer
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Answered on November 01, 2023
This is WELFARE FRAUD, and (of course!) it is illegal. And you would be aiding and abbetting this fraud, which would make you guilty, also. ...
What are my rights ?
Kaye's answer
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Answered on November 01, 2023
When a person dies intestate (without a will), the Ohio laws of intestate succession control who inherits that person's estate. The order of...
Does depreciation on a rental property continue after the death of the owner before being transferred to the heir?
Kaye's answer
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Answered on October 31, 2023
Hopefully you are not trying to prepare to prepare a Fiduciary Income Tax Return (Form 1041) on your own. These are extremely complex returns and...
How much capital gains do I pay when I buy a property at $250k , & I sold it for $350k in a year?
Kaye's answer
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Answered on October 31, 2023
You seemed to be confused. Best to seek the help of a tax professional to prepare your income tax return: either a CPA, tax attorney, or...
Is it legal for a company located in the USA to register an asset outside of the US to save on taxes?
Kaye's answer
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Answered on October 31, 2023
Without knowing more specifics, my initial "knee-jerk" response would be that it is NOT legal, but you need to sit down face-to-face with a CPA or...
Will I be held responsible for taxes or capital gains if my name is on a quit claim deed as joint tenancy?
Kaye's answer
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Answered on October 31, 2023
Before you take any actions or make any mistakes that you may seriously regret later on, you and your mother need to sit down with an expert estate...
What can siblings do to one sibling who did not disclose IRS tax lien until title search when land was in process of being sold?
Kaye's answer
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Answered on October 31, 2023
You will need to consult an expert taxpayer defense attorney or tax debt resolution attorney to have the tax lien withdrawn prior to sale. This...
What is legally required to successfully reduce an oral will to writing in Ohio within 10 days of the oral/nuncupative will?
Kaye's answer
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Answered on October 29, 2023
The requirements are set out in Section 2107.60 of the Ohio Revised Code. Strongly recommend that you have an experienced attorney prepare the...
Can the IRS demand back taxes on COVID unemployment already exempt under Biden's executive order?
Kaye's answer
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Answered on October 29, 2023
You are confused. (And so, too, is Biden --- most of the time!) The $12 K that you are referring to may have been the $12 K standard deduction...
Income Taxes for New York LLC owned by Wyoming Corporation?
Kaye's answer
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Answered on October 28, 2023
Income from a single-member LLC flows through to the single member, in this case, the WY C-corp. So the C-Corp would be taxed on the income from...
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