Should I get two or four LLCs for my rental properties that have separate four tax parcel numbers but are on two lots?

Ideally, you will have each property in a separate LLC, but that may not be possible where the legal description for a property is not separate...

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In all likelihood, there are no immediate tax implications to doing this, but there could be if the property is subject to debt. Also, there may be...

Income tax question.

It seems like she's your dependent and you should be claiming her, but if your boyfriend lives in the same home as you and your daughter, he might...

Are loans, where you are the 'personal guarantee', considered assets?

The personal guarantee would be considered a debt, albeit a contingent one, not an asset. In a roundabout way, it can impact your liability on...

I agree with the prior answer, but you may want to consider also filing a probate in AZ and getting yourself appointed as personal representative,...

Can a child be claimed as a dependent on income tax

It's a difficult question. The rules for children qualifying as dependents may not apply, but the rules governing dependents in general might. And...

Mortgage forgiveness tax consequences

On the insolvency question, your 401(k) will count as an asset unfortunately. The law changed on this point a decade or so ago. Since the date...

Do I need to sign the closing documents and/or deed, if I am a beneficiary on a ladybird deed and my dad is lucid and alive?

My understanding, although I'm not a Florida lawyer, is that you have no interest in the property until your dad dies, so your signature would not...

How can you change name of Power of Attorney when someone gets dementia

Unfortunately, unless you can catch the person in a lucid moment, there's not much that can be done. If the person does regain sufficient capacity...

Should I talk to a small claims lawyer for a tax preparers mistake?

You would have owed the $1300 anyhow, so that would not be considered damages. If you had to pay interest of penalties, that would be considered...