If I buy a house for my parents who are not US citizen and cannot be present at time of signing. How do I transfer title them?

What is described at this point sounds like an out right purchase (without a mortgage or loan lien from borrowing to make the purchase). Also,...

Selected as the best answer

Is there a tax on a gift made by foreigner?

It is certainly an issue to address, and the description of the donor (as a citizen of France) does say enough to know what tax law may apply. For...

Tax

Like much of US Tax law, it depends. Does that house abroad meet the US Tax Code definition of being your principal residence? Are you a U.S....

As for Texas Sales Taxes: No tax is due on any voluntary gratuity that a customer pays in addition to the price of the meal. No tax is due on a...

What happens to a lien that my company (later in bankruptcy) had upon a client for whom I built a house and they did not pay?

I concur with Mr. Busby, to the extent that your personal release may not even be effective (based on the impression that the lien rights were in...

How are taxes collected at a bazaar? I want to run it and take a cut of the sellers' income. Do I pay federal and state tax?

When you talk about a bazaar - I picture either 1.) an occasional event (that may be related to a church event or other charitable organization's...

How can I get my car back when the person fail to pay monthly payments on agreeable contract

Restated, any person selling a car can have the same protections dealerships have to be sure they are paid -- as long as they get those...

My Father quit claimed his home to me. Will I have to pay taxes other than property tax?

As per Internal Revenue Code § 1015: For Gifts after December 31, 1920 If the property was acquired by gift after December 31, 1920, the basis...

Selected as the best answer

My non profit will sell products to the poor at cost. What criteria must clients meet for me to have tax exempt status?

A review of private letter rulings for example similar situations can give guidance to you and the IRS determination specialist that processes the...

We refinanced our home at the end of 2012. Then when the taxes came due, both mortgage companies paid the property taxes.

Even though a borrower/mortgagor does nothing wrong, the written terms in your "Deed of Trust" document - agreement with the mortgage company...