Archived
What is considered the seperation date when there was no leagal seperation in the state that we lived in?
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Answered on October 09, 2012
For what purpose? If you live in Texas, there is no such thing as legal separation - you are considered married until your divorce is final. Have...
Archived
Can my brother FINANCIAL POW for my mom, whose living and sharp as a tack in financial matters take control of all her assets?
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Answered on October 08, 2012
It is easy to revoke a Power of Attorney - I even offer the necessary document on my website. Here is a direct link:...
Archived
I have over $38,000 in IRS Tax debt dating back to the year 2000. Majority of the balance is due to interest. Any solution?
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Answered on October 08, 2012
If the tax liens are already recorded against your property, bankruptcy will not wipe them out.
Archived
My ex recently passed away & hadn't filed income taxes for a few years. Will my son be responsible for his taxes?
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Answered on October 08, 2012
No, your ex's estate would be responsible for the taxes. The personal representative (administrator or executor) of the estate would be...
Archived
When it's joint custody how do you decide who can claim depends around tax time?
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Answered on October 04, 2012
Yes, this is something you should discuss if you are in mediation. If you want to be able to claim both children as dependents, you (or your...
Archived
In Texas, are payments that are direct deposited into the ex wife's acct from the ex husband considered child support or a gift?
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Answered on October 01, 2012
It is not entirely clear from these facts how the payments he made in the past would be characterized. Child support payments in Texas are...
Archived
Are lawyer's fees paid by me ( for a divorce that my ex-husband initiated) tax deductible?
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Answered on September 29, 2012
Unfortunately, personal legal fees, such as those incurred for a divorce, are not tax deductible. The only attorneys' fees that can be deducted...
Archived
We owe California State tax and cannot afford to pay? We now live in Las Vegas, NV. Can California put a lein on our assets?
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Answered on September 27, 2012
The California Franchise Tax Board (FTB) has been very aggressive in pursuing any back taxes owed to them. If you have any funds in a bank that...
Archived
Is a husband responsible for paying for his wife's student loan taken out in her name during their marriage?
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Answered on September 25, 2012
A student loan, like most other debts incurred during marriage, is subject to a "just and right" division upon divorce. That being said,...
Archived
How much of my losses can i write off at the end of the year?
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Answered on September 25, 2012
If you itemize deductions, you can deduct your gambling losses up to the amount of your winnings. So, if you won $100 million, and you bought $100...
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