If my dad gifts us a house, will he or us have to pay tax?
Adding another person's name to the title of one's house (unless it is a spouse) is almost always a bad idea --- for a whole host of reasons. ...
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
Adding another person's name to the title of one's house (unless it is a spouse) is almost always a bad idea --- for a whole host of reasons. ...
More information is needed to answer this question. You mention a "large shop building" on the property? Presumably this business structure is...
Consult a CPA or tax attorney for some (legal) tax planning opportunities. This area is to complex to discuss in internet Q & A.
Your wife will have FATCA and gift tax reporting requirements. Recommend she consult a CPA or tax attorney who is knowledgeable in inter-country...
If you think what the lawyer did was improper, file a complaint with the state bar association. Bar associations take these complaints seriously,...
If you are starting a new business, you should definitely have a face-to-face consultation with an attorney who specializes in business start-ups,...
You need to consult a taxpayer defense attorney and take care of your outstanding tax debt issue. If you set up a payment plan (or some other...
If I understand your question correctly, the answer is YES, you should be covered under the safe harbor rules.
I believe you are describing a guardianship, not a POA. Guardians are appointed by the Probate Court. When someone applies to the Court to be...
The surviving co-owner of the house needs to consult an expert probate law attorney ASAP. The attorney will begin by reviewing the deed to...