Archived
I quitclaim our house before we bought it. we want to add my name to the title but not loan. i owe taxes will the irs take it
Bruce's answer
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Answered on November 16, 2014
If you have a tax deficiency you should not put your name on title as that will not help. If your spouse dies your spouse can leave the house to...
Archived
A property tax assessment in calf . I filed appeal. assers office said. trust cant Owen property gifted daughter home useless
Bruce's answer
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Answered on November 16, 2014
It is difficult to figure out your problem from you description. If you cannot afford a lawyer you should contact the Legal Aid Society of Orange...
Archived
I bought a diamond ring by financing it. They charged me $800.00 plus taxes but was only worth $25 dollars.It was a fake!
Bruce's answer
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Answered on November 16, 2014
Did the store give you a written guaranty as to the quality of the ring? If so, then you should sue the store in Small Claims Court as th other...
Archived
Underpaid support based on spouse lying about the income in court and withholding filling taxes for couple of years
Bruce's answer
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Answered on November 16, 2014
The easy answer to your question is that you need to immediately hire a competent family law attorney. If you cannot afford one you should go to...
Archived
I have $200k in unrecognized gains. I live in California, my fiancee lives in Michigan. Can she recognize the gains in Michigan.
Bruce's answer
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Answered on November 16, 2014
Even if you are not married you can give her the stock so she can sell and recognize the gains as a MIchigan resident. You should do that now...
Archived
If I receive a settlement, do I have to pay my IRS lien?
Bruce's answer
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Answered on November 16, 2014
If the landlord is paying the IRS then it may mean that the landlord received notice of a lien filed by the IRS. On the other hand, if you owe the...
Archived
Short sale question : What are the tax consequence If I short sale a rental for $130,0000, it is financed with HELOC with $158,0
Bruce's answer
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Answered on November 16, 2014
Mr. Atchley has given you are marvelous, detailed answer. The long and "short" of it is that you can, indeed, be taxed despite the fact that you...
Archived
My employer is deducting a 25% garnishment from CA state and federal for a total of 50%. Is this ok? I need back tax help...
Bruce's answer
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Answered on November 16, 2014
You need to hire a CPA or a tax attorney who is experienced in tax procedural (collection) matters. The sooner you do, the sooner the relief will...
Archived
Can I transfer property tax base of a house in a trust to a new home after sale of the trust property?
Bruce's answer
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Answered on November 16, 2014
To transfer your small portiof of the assessed value to a new home you must be an owner, not merely a beneficiary of a trust. Ms. Stewart has done...
Archived
What are the tax implications of creating a US subsidiary for a Canadian parent? What kind of incorporation would you recommend?
Bruce's answer
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Answered on November 16, 2014
You are probably going to set up a "C" corporation for U.S. tax purposes. The corporation will have to file an IRS Form 5472 (Information Return...
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