I have been getting my wages garnished for almost a year now, the amount garnished is excessive! What are my options?

Texas law limits the amount that a creditor can garnish (take) from your wages for repayment of debts. The Texas wage garnishment laws (also called...

Absolute asset protection is difficult to achieve as long as you have control over property. I am sure you do not want to permanently give away...

Trust was not split at time of spouse's death in 2003 for tax protection purposes.

The trust has to be split into 2 parts as of the date of death and the income tax returns, form 1041, Fiduciary Income Tax Return, filed for the...

Do I need to pay the full $800 annual tax (FTB 3522) for the year that LLC is registered but not operating (i.e. Dec 2013)?

The LLC has to pay taxes by the 15th day of the 4th month after filing the Articles of Organization. One exception is if he LLC did not business...

Is this legal malpractice?

Based on the facts of the case as presented here there may be malpractice. Please consult with an attorney who handles malpractice. The tough...

Based on the facts provided and my understanding of them there will be no ordinary income and no deficiency because all the debt is now...

Commercial Property sold in exchange for debt pay offs has price listed higher than debt. Taxed on money unreceived?

You should be getting a 1099-S, for proceeds from the sale of real estate. If you don't get it ask the escrow company for it. The escrow company...

Made a mistake in my taxes of last year

Re-examine the tax return for any other errors or missed deductions. Take it to a tax preparer who can audit it for any additional savings then...

If your house is in probate court do you still have to pay taxes on it?

File a claim against the estate for the property taxes you paid? The taxes are the responsibility of the estate. Ask the administrator of the...

Tax exemption from 1099

File a form 8919 with your income taxes because as a office worker you are probably an employee. Also you may want to file a form 211, and blow...