Do I have to pay taxes on the portion of my Finra award for compensatory damages that is the 40% fee that goes to my attorney?
You do not have to pay income tax on the amount paid to your attorney --- the attorney will pay the tax on that piece.
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
You do not have to pay income tax on the amount paid to your attorney --- the attorney will pay the tax on that piece.
YES. You were NEVER taxed on the money in your 401(k), so you must pay tax on it when you take it out. No exceptions. If you are unable to...
Nobody on this forum can properly advise you without more information: reviewing the IRS correspondence as well as your IRS account transcripts. ...
If the daughter was advised by an attorney that this was what she should do, then it is probably legal. As for the language in the will, you...
Mr. Hansen is absolutely correct! Be very careful about taking tax advice from friends, neighbors, etc. More often than not, they do not know...
This is not a tax law question. It is more of a contract law question, as I'm assuming that there was some kind of contract involved here, which...
You need to hire an expert probate attorney to examine the document in question and advise you accordingly. Nobody on this web site can advise...
1) B can gift her interest in the house to A by means of a deed prepared by an attorney. If this is a gift, A will not owe any tax, and B will...
You AND your wife need to sit down with an expert estate planning attorney to discuss your estate plans. Depending on whether your wife has...
Agree with the previous two responses. There are many excellent probate law specialists in the Central Ohio area. You and your siblings need to...