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You will need to consult an expert taxpayer defense attorney or tax debt resolution attorney to have the tax lien withdrawn prior to sale.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...
Does capital gains count as income for child support?
Kaye's answer
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Answered on October 28, 2023
Hopefully you are aware of the $250 K exclusion for capital gains on the sale of a principal residence (2 of the preceding 5 years). And capital...
Does the IRS consider paying off credit card debt a transfer of assets?
Kaye's answer
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Answered on October 28, 2023
For purposes of qualifying for an Offer in Compromise (OIC), trasferring >$10 K to a creditor WOULD DEFINITELY BE considered a "transfer of...
How can I get my tax forms back from my tax preparer?
Kaye's answer
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Answered on October 28, 2023
It is not unusual for small tax offices that do high volume work during tax prep season to keep limited hours during the off season or to close...
Can a will be unsealed?
Kaye's answer
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Answered on October 28, 2023
It is unclear from your question what happened in this case. In Ohio, wills are "sealed" after they have been deposited with the Probate Court by...
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