Archived
Does the gift receiver / donee (real estate value 80K $) had to report any gifts received on his tax returns.
Bruce's answer
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Answered on October 15, 2016
The done only has to report gifts (on IRS Form 3520) if they are more than $100,000 and the gift is from a non-resident alien. Otherwise, no, the...
Archived
Does my aunt have to pay inheritance tax?
Bruce's answer
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Answered on October 15, 2016
First, there is no inheritance tax in California. That was repealed back in the 1980s. Instead, there is a federal estate tax. The difference...
Archived
How long do I have to get an apraisel on an inheareted property?
Bruce's answer
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Answered on October 15, 2016
You can get the appraisal at any time. However, the appraisal has to be as of her date of death.
Archived
Why would I have to pay for my ex husbands attorney fees if he is the one who file for divorce
Bruce's answer
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Answered on October 01, 2016
A family law judge has broad and virtually unreviewable discretion. A family law judge is the most powerful type of judge in our system, much more...
Archived
Do I have to report to California Franchise Tax Board an omitted 2015 IRA Required Minimum Distribution (RMD)?
Bruce's answer
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Answered on October 01, 2016
If you have income for 2015 then it must be reported both on your federal and on your state income tax returns. The IRS may not automatically...
Archived
I want to sue DEA, my tax money pays them ,for them to protect us, not to keep quite.
Bruce's answer
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Answered on September 18, 2016
There is a doctrine of governmental immunity. So by all means talk to a litigator. However, I am sorry to say that I doubt that a lawyer is going...
Archived
We need advice on what vehicle to use to raise funds for my nephews brain surgery which is not covered by insurance.
Bruce's answer
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Answered on August 27, 2016
Raising money for a specific person is not a charitable purpose so your "donors" are not entitled to a charitable deduction. Why not set up a fund...
Archived
Is this legal?
Bruce's answer
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Answered on August 27, 2016
I strongly doubt that the County has taken this action without consulting with the County Counsel. If you want to investigate it talk to a lawyer...
Archived
Does borrower (brwr) 've basis 2 sue servicer/lender(Ldr) to remove negative credit to enable her refinance & access equity?
Bruce's answer
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Answered on August 27, 2016
You should directly contact and work with the credit rating agencies to remove the negative mark on your credit rating. You probably do not have a...
Archived
Does borrower have basis or legal merit to sue lender to remove negative credit to enable her refinance & unlock equity?
Bruce's answer
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Answered on August 27, 2016
You should go the credit agencies directly and work with them to remove the negative rating. You will not get very far with a lawsuit against the...
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