What does chapter 11 bankrupcy mean for my investment?
What can do about it?
Do I need to find a claim? and when?
Everett's answer
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Answered on June 20, 2021
You should file a Proof of Claim for the amount owed to you. The due date for the Proof of Claim should have been provided to you in the Bankruptcy...
How do we gift our small pool cleaning business to our son?
Everett's answer
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Answered on June 19, 2021
Among other options, you could consider gifting shares in the company worth up to $15,000 per year per donor.
Is it possible to modify property ownership percentages as outlined in divorce decree post divorce? (Quick/Quit Claim Deed?)
Everett's answer
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Answered on June 16, 2021
Appears to be tax evasion as you describe it. I suggest you consult with a professional. You might be able to reduce her taxable share, depending...
How can I protect my financial interests from a divorce? Especially if I suspect my husband to moving and hiding money?
Everett's answer
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Answered on June 15, 2021
You certainly ought to consider keeping your income and accounts separate, and filing married filing joint going forward, You shouid consider...
Can I still have our 2020 filing amended due to a discrepancy?
Everett's answer
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Answered on June 15, 2021
You have up to 3 years to file an amended return. Because you have already filed a Form 1040 return, you will have to use Form 1040X for your...
How to receive money from a friend with an estranged wife?
Everett's answer
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Answered on June 12, 2021
This is the kind of fact scenario ripe for a probate will contest. When older friend dies, and wife finds out about transfers before or at death to...
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Is there a place I need to report this?
Everett's answer
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Answered on June 12, 2021
It's pretty common for employees to not keep a copy of their W4, on which they list their payroll deduction information the employer uses to...
What are the US tax consequences?
Everett's answer
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Answered on June 09, 2021
Per Section 367, see below, it appears you may have been liable for tax on the initial transfer of property to the foreign corporation. I suggest...
How much is taxed on an irrevocable trust with 200k with 10% interests - 20,000?
Everett's answer
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Answered on June 07, 2021
It appears you may have some misconceptions about irrevocable trusts, such as:
1. Trusts have very high income taxes, so usually distributions to...
An employer increased the figure of my 1099 a lot.
Everett's answer
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Answered on June 07, 2021
If your employer won't give you a corrected 1099, you need to be able to prove you requested one, by sending him a certified mail request. You will...