If a house goes into foreclosure that is in Trust, can the Trustee be held legally responsible since she lived in the home?
Kirk's answer
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Answered on May 27, 2015
Here is my two cents: While from what you write about the sister/trustee there maybe a breach of duty for not paying fair rent for living in the...
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Can my employer take taxes out of much paycheck for gratuity? If so, how much?
Kirk's answer
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Answered on May 27, 2015
Have you filed out and provided your employer a W-4 form? If so, then ask your employer to show you how your net pay was calculated.
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When you are both a personal representative and a successor trustee, which title do you use when signing a business letter?
Kirk's answer
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Answered on May 27, 2015
Mr. Gray and Potter provide good advice. Here is my take: I would simply ask, in what way are you sending the business letter? One behalf of a...
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Emigrated 1979, still US citizen but haven't filed tax return since '79. Is there a way to normalize this if I return?
Kirk's answer
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Answered on May 27, 2015
Mr. Gray is spot on with his advice. I would also add that you may have FATCA reporting requirements, in addition to the FBAR reporting...
My soon to be ex husband is asking for a copy of our tax return, am I legally obligated to give him a copy?
Kirk's answer
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Answered on May 19, 2015
You are not legally obligated to provide your soon to be ex-husband with a copy of your tax return. He, however, has a legal right to call the IRS...
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Trustee and Last will. Selling assets through consignment shop without the consent of second trustee. what are my rights?
Kirk's answer
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Answered on May 16, 2015
The answer to your question is in part in what authority in the trust provides. The language in the trust may say that a single trustee, while...
Trust and will. do I have any rights to demand receipts and proof of insurance from the trustee executor as the other trustee?
Kirk's answer
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Answered on May 16, 2015
If you sister was named as a joint owner on a bank account with your father and named as a beneficiary on a life insurance policy, then what she...
Does NV resident pay CA income tax from rental property located in CA?
Kirk's answer
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Answered on May 16, 2015
Every state in the union has a right to tax income earned within its state boundaries. Tax lingo - sounds like you may have California source...
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What depreciation schedule can I use for rental properties? What are other items that legitimately go against rental revenue?
Kirk's answer
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Answered on May 10, 2015
Please see the IRS website at --->http://www.irs.gov/publications/p946/ch04.html. See also IRS section 162 - ordinary and necessary items to...
Archived
Should I change the title on my house to read "community property with right of survivorship"?
Kirk's answer
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Answered on April 26, 2015
I agree with Ms. Deeter's answer. I would add this: If your revocable living trust is properly (RLT) drafted it will essentially say that all...