Archived
Can we modify promissory note/loan agreement when lender and borrower agreed for early full settlement ?
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Answered on December 02, 2017
Yes, if both borrower and lender agree, you can modify a previously agreed and recorded note and loan agreement. You would probably want to file...
Archived
In Texas if the county sells your land for back taxes is there a period of time where you can pay the taxes to recover the land?
Everett's answer
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Answered on December 02, 2017
There is a right of redemption for homestead of 2 years, and non-homestead commercial of 180 days. The redemption price is the cost of the buyer,...
Do I have any legal recourse with Liberty Tax regarding penalties and interest?
Everett's answer
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Answered on December 02, 2017
You could consider suing them in small claims court. Since it is a consumer transaction, you might qualify for triple damages. However, I wonder if...
Is unsolicited offer to buy land a scam?
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Answered on December 02, 2017
The fact the company is not listed by BBB is an indication, as well as the fact it is an unsolicited offer, that it may be a scam. You might also...
Archived
Do I own half of an account inherited by my spouse?
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Answered on December 01, 2017
A Payable on Death joint account generally is payable to the surviving joint owner or designated account beneficiary. It is not a Probate asset and...
Archived
Can my daughter take us as a dependant??
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Answered on November 29, 2017
Yes - if she provides over 1/2 your support (ordinary living expenses), and you do not have a taxable social security component greater than $4050....
IRS Summons and Trust Fund Recovery Penalty?
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Answered on November 26, 2017
I assume your company is a separate legal entity from yourself. You shouldn't ignore the summons, although after considering the possible...
Archived
Is there anything I can Do?
Everett's answer
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Answered on November 26, 2017
Appears you may not have filed a Texas franchise tax return, or a Texas sales tax return, and they sent you a notice of estimated amount owed. You...
Can LLC change the profit/loss allocation in a certain year?
Everett's answer
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Answered on November 21, 2017
The general rule for unequal allocations is that the allocations and related capital account adjustments must be permitted under the operating or...
Archived
How many tax returns are needed for citizenship?
Everett's answer
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Answered on November 16, 2017
The IRS generally requires taxpayers to be "current" on filing by filing the last 6 years, which indicates you should file the 2012 return....