Sold raw land, my CPA suggested deducting expenses after the sale. Is there a cap, is there an amount that risks audit?

Generally, reasonable expenditures incurred in connection with improving your investment property are capitalized and added to the basis of the...

Does a beneficiary to a trust have the authority to demand that a court appointed trustee produce an accounting of the trust?

Unless expressly waived, the administrator is required to provide an accounting of the trust activity before distribution of the estate, to the...

Can she sell the property, do to the fact she is Successor Trust, is there a doc i can record to prevent that from happening?

The successor trustee’s power is granted by the trust documents only. S/he cannot breach her or his fiduciary duties at the expense of the...

1. what action can I take against the downstairs neighbor 2. what action can I take against tenants threatening to break lease

Sounds like you may have a nuisance cause of action aginst the neighbor. Good luck. Zaher Fallahi, Business and Tax Attorney, CPA, MBA, MS.

Do I have a case to sue the HOA, the landlord, or renter?

They may have developed a suspicion based on certain transactions in your account, including logging in from a foreign country under actions and/or...

They may have developed a suspicion based on certain transactions in your account, including logging in from a foreign country under actions and/or...

How do I get a look at my Father's Trust when my Stepmother won't show it and does not answer any questions?

You need to retain a lawyer to obtain the legal documents. Generally, at the first death, the decedent spouse’s trust become irrevocable (B trust),...

Tax Defaulted Property being taken back after valid purchase from Imperial County Tax Sale?

Generally, the Counties that do this type of sale, have good legal team for giving appropriate notice, and the claim may not be valid. You could...

How much of a Settlement is taxable if it does not include any personal injury. What estimated % does the Gov't get.

There is no IRS percentage rule with respect to taxability of a settlement/award. It is the nature of the underlying cause of action determines...

Your father has made a gift to your sibling. You can invalidate it if can prove “lack of capacity, undue influence, fraud, etc.”. You should act...