Archived
When metals are held in trust, upon passing, is the "basis" amount for IRS the date of passing, or purchase-into-trust date?
Zaher's answer
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Answered on May 11, 2016
Generally, the date of passing or six months later, whichever in the interest of the estate. The comments contained herein are for general...
Archived
Is my understanding correct? Also, are there forms we need to fill out documenting the gift?
Zaher's answer
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Answered on May 10, 2016
Gift in excess of $14k per person power year, requires a gift tax return. $5,450,000 is life-time gift without paying tax. The information...
Archived
Please help
Zaher's answer
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Answered on May 10, 2016
Welcome to the tax world. You will run into those situations from time to time. Establish a policy to collect your fee first, at least from the new...
Archived
Property tax time frame
Zaher's answer
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Answered on May 10, 2016
Generally, it cash basis, but look at the due date also. Alternatively, call the county if this is confusing. The information presented herein is...
Archived
Is there a fine if we have been filing as single, but are in fact married?
Zaher's answer
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Answered on May 10, 2016
That act is a crime. You need to consult a tax lawyer, not a CPA or any other tax prepare. The information presented herein is for general purposes...
Archived
Is there anyway to receive retroactive relief?
Zaher's answer
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Answered on May 10, 2016
The county tax assessor’s office could provide good information with respect to the particular county tax and its state of limitation. The...
Archived
What can I do?
Zaher's answer
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Answered on May 10, 2016
A tax attorney familiar with local taxes would be desirable. The information presented herein is for general purposes only. It is not intended to,...
Archived
Help tax owed/divorce
Zaher's answer
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Answered on May 10, 2016
Contact the IRS and explain you have been divorced since 2014, and hopefully you will get your money back. Otherwise, consult a tax lawyer. The...
Archived
Shouldn't our wages be based on the service we provide? What are my chances of winning a lawsuit against the IRS?
Zaher's answer
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Answered on May 10, 2016
S corporation working shareholders must take reasonable salaries“based on facts and circumstances”. There is no fixed formula, you need to use; 1)...
Archived
Am I allowed to break the rental agreement because their negligence to not fixing the fence led to the burglary?
Zaher's answer
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Answered on May 10, 2016
Before you breach the lease agreement, consult a landlord/tenant lawyer. This is a tricky area of the law and there are many pro landlord laws on...
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