My wife and I would like to make a one time gift of approximately $50,000 to our daughter for home repair. Will this be taxable?
Kaye's answer
|
Answered on October 21, 2022
First of all, you cannot charge interest on a gift. You charge interest on a loan. So you need to decide what your intent is --- do you want...
How does capital gains tax apply to sale of MH co op share with title in two but one is the primary resident and only investor?
Kaye's answer
|
Answered on October 21, 2022
When your aunt put your brother on the title to her MH, she gifted 50% of it to him. So at the time of sale, he was a one-half owner in the MH. ...
Do I take the difference of inherited stock on date of death and the date sold?
Kaye's answer
|
Answered on October 21, 2022
This is a really basic question. Recommend that you hire a tax professional (CPA, enrolled agent, or tax attorney) to prepare your income tax...
How do I get the IRS to remove a Federal tax lien against me even though I have an installment agreement.
Kaye's answer
|
Answered on October 21, 2022
You will have to engage a tax attorney to get your IRS lien subrogated to the lender's lien. You will probably also have to go to a lender who...
How can i get rid of my spouse tax he filed jointly without my consent?
Kaye's answer
|
Answered on October 21, 2022
You probably have an "innocent spouse" claim against your Ex. You should contact the Legal Aide office in your area for free representation.
How hard is it to get beneficiary changed on life insurance after a death ?
Kaye's answer
|
Answered on October 21, 2022
There is no way to change the beneficiary on a life insurance policy after the contract owner (your Ex, in this case) has died. If your Ex died...
Canadian Citizen purchasing business in USA - Tax implications?
Kaye's answer
|
Answered on October 21, 2022
Agree with the previous 2 responses. If you are thinking of purchasing a business, you definitely need legal representation, and this is just one...
Does the ohenry jail in mt pleasant iowa have to help inmates file recovery rebate if they never received stimulous?
Kaye's answer
|
Answered on October 21, 2022
Agree with Mr. Feitelson. Your BF will have to do this on his own, or you can help him.
Delay of granting will administration of estate in the state of OH; means what quantitatively. Time constraint-wise?
Kaye's answer
|
Answered on October 21, 2022
Agree with Mr. Huddleston. You need to engage an expert probate attorney to handle this case.
If someone has capital losses,
Kaye's answer
|
Answered on October 20, 2022
Why would anyone agree to do that when they can use the capital loss themselves to offset their own ordinary income? Besides, if IRS looked into...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained