Can i rent a room to somebody without paying taxes for it?

Section 289A(g) IRC is the authority to exclude the amounts as income: 280A(g) Special Rule for Certain Rental Use.— Notwithstanding any other...

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When someone passes away, the probate rules govern how the decedent's debts are paid. If the assets are not sufficient to pay all of the...

Can stock be cashed in before the settlement of an estate or do beneficiaries have to accept the stock and cash it in themselves

Re: Stock owned by an estate I advise executors either to sell all of the stock or get the beneficiaries' approval to continue to own the stock....

Can I sue someone to pay taxes on money deposited in a bank account that was then withdrawn and give to that person?

If you file a joint return with your husband, you will be responsible for all the income taxes if they are not paid by your husband. Therefore,...

I want to file bankruptcy but Im in the middle of an offer of compromise that wont end for 6 months. I really need to file asap

You should consider filing the bankruptcy and immediately withdrawing your OIC. After the discharge, you can file your OIC.

I want to know the best legal structure for corporate company that maximize tax benefits

This is an extremely complicated subject.. First, the normal USA taxation rules need to be considered. Then, since the USA has income tax...

Frequently, the deceased's home has many items and it can be overwhelming for someone to deal with the contents. Also, there can be emotional...

Does a death certificate have to be recorded when a trustee of a realty trust dies?

Your facts did not state where the real estate is located. The correct answer depends on the state law where the land is located. If the...

My Father passed 11/1/15, no will, #1 sister is not forth coming should I send certified demand letter?

You have a complicated set of facts. Also, it appears as if your family is not operating as a team. I suggest that you consult with an attorney...

I need to try and find a creative way to tap into my 401k.

You are required to follow your 401K rules. I suggest that you take your 401K plan documents to your attorney and ask for advice. It is impossible...