Can executor of an estate, who is also an heir, buy the home on land contract, if property has mortgage heirs will assume?
Kaye's answer
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Answered on July 11, 2022
You need to get the Court's permission, and it is doubtful that the Court will approve. Best to have a realtor arrange to sell this house at...
Can a nonprofit organization that provides services still be tax deductible for the donors?
Kaye's answer
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Answered on July 10, 2022
Parochial schools charge tuition, which is not tax-deductible for the students' families, even though these schools are a 501(c)(3).
Do i need to pay capital gains tax on inheritance?
Kaye's answer
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Answered on July 10, 2022
Most people do not owe significant capital gains tax after inheriting property due to the basis step-up. Recommend you consult a CPA for more...
Do I need a separate EIN for a subtrust?
Kaye's answer
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Answered on July 09, 2022
Agree with Mr. Huddleston. I would add that not all CPAs really know and understand fiduciary income tax, even most will say that they do. The...
Can I use a welcome letter as a source of employment when applying for apartment rentals??
Kaye's answer
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Answered on July 08, 2022
First of all, I am changing the category of your question to "Landlord & Tenant." In answer to your question, if your prospective landlord will...
Employer made an error on tax paperwork, now the irs says i owe them and company refuses to assist. Is this legal?
Kaye's answer
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Answered on July 08, 2022
Agree with Mr. Cohen. In the future, be sure to examine your pay stubs to make sure that the correct amount of tax is being withheld.
How can I determine whether or not several old IRS tax liens have exceeded the statute of limitations due to IRS workload?
Kaye's answer
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Answered on July 08, 2022
Agree with Mr. Wildes and Ms. Doling. A tax attorney can investigate whether these liens have expired.
Can a power of attorney for my dad steal his money
Kaye's answer
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Answered on July 08, 2022
If you think that your aunt is abusing her position as POA, you can apply to the probate court to be appointed his guardian.
Can I write off an at-fault accident as a business expense?
Kaye's answer
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Answered on July 07, 2022
"Ordinary and necessary" expenses are deductible as business expenses. However, repairs to your car would be deductible when you were at fault...
What if I own a business and I work for another company. Can I source my business products for my company work projects?
Kaye's answer
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Answered on July 07, 2022
This is not a tax law question, so I am changing the topic category. It seems to me that you need to ask your employer this question. It all...
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