Archived
Can I get equity from my home if I actually work from my home and have large amounts of equity, by making my home an LLC?
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Charles's answer
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Answered on June 19, 2018
Why not just get a home equity loan? What advantage is there in putting the home into an LLC and what would be the business purpose of the LLC.
Archived
I have an LLC, single member-owned. Is it possible to use the unified tax credit as income with a bank? ?
Charles's answer
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Answered on June 19, 2018
The unified tax credit is a credit that comes off of your gift tax returns and your estate tax return which wipes out gift tax and estate tax. Why...
Archived
Ex acquired health ins from the market place on him & the kids. My husband & I have ins. through emp IRS wants us to file 8962.
Charles's answer
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Answered on June 19, 2018
This is a very complex and complicated scenario.
First you have a case of shifting enrollees as defined in the regs. Dependent enrolled in a...
Archived
Can a grandparent gain visitation of a 15 week old grandchild when the parents are married?
Charles's answer
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Answered on June 19, 2018
In NY, a grandparent has the right to ask the court for visitation if the circumstances justify the court's equitable intervention. That is a...
As a contractor I'm paid by 1099, how do I bill my expenses so they are not counted at income on my federal taxes?
Charles's answer
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Answered on June 19, 2018
You report your 1099 income and your related business expenses on Schedule C of your tax return. This way you are only taxed on your income after...
Archived
Can I get a lien off my house.?My boyfriend owed taxes Irs put lien on without telling me
Charles's answer
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Answered on June 18, 2018
Why is there a lien on your house? Does he own the house as well?
Archived
My mother trusted me her house that I have lived with her and for the past 40 years now Taxes have gone up a lot why?
Charles's answer
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Answered on June 18, 2018
I am sure if you call the taxing authority, they can tell you. My guess is you lost some sort of Senior homestead discount when the house came out...
Archived
Can they raise my rent before my lease is up?
Charles's answer
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Answered on June 18, 2018
The terms of the lease control. If the rent is scheduled to increase in the lease then normally yes. However often these issues are subject to...
Archived
What can i do if the IRS has audited me and is penalizing me for 2 separate reasons?
Charles's answer
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Answered on June 18, 2018
The IRS penalizes you for filing late and for paying late. Since they adjusted your tax due you are getting hit with the late payment penalty. ...
Archived
How do I find out for sure
Charles's answer
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Answered on June 17, 2018
Did you ask them? Only the person and the IRS know for sure and the IRS isnt going to tell you. If you meet the requirements to be their dependent,...
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