Questions answered by Henry Daniel Lively

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Can I recover money seized from NYS?

Henry's answer | Answered on April 10, 2011

I agree with the other attorney, hire a tax specialist to represent you in this matter. You may be able to recover the money if you can show that...

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US Property Rental - Taxation - Foreign Citizens/Nationals

Henry's answer | Answered on April 10, 2011

Another way to deal with this is to have a U.S entity own the property. You do not need a Canadian corporation to apply for a ITIN. Just go to...

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Who pays the income tax bill in this situation?

Henry's answer | Answered on April 10, 2011

More facts are necessary to determine what would be included in you grandmother's probatable estate and who if anyone would be responsible for this...

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What if a stranger pays the Tax Arrears on my home?

Henry's answer | Answered on April 10, 2011

If you do not pay the tax you cannot deduct it. The stranger cannot deduct it because he is not on title to the home. The rest of the arrangement...

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My mother has a brokerage margin account that's POD to 3 sons. After death, how do we pay off the margin?

Henry's answer | Answered on April 10, 2011

When your mom dies the stock will receive a step up in basis to the fair market value of the stock on the date of her death - effectively wiping...

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Should an employee contribute to his 401(k) for a full 12 months to maximum employer’s matching benefits?

Henry's answer | Answered on April 10, 2011

This is a financial planning, rather than a tax question. However, the sooner you make your contributions - the sooner you get the match - and the...

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Can I claim my son on my taxes if I stopped paying support in June?

Henry's answer | Answered on April 10, 2011

I agree with the other attorney. Your son was no longer a minor when he turned 18 and your ex appears to have met all the requirements to take the...

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I'm not sure if my deceased father filed his back taxes, but I filed his final. Will IRS notify me???

Henry's answer | Answered on April 10, 2011

If you are the administrator of the estate you can call the IRS on behalf of the estate to determine that all tax filings were made. As the...

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I own a proprietorship in Califonia and I am married. I control it. Can I report all the net income on my separate tax return?

Henry's answer | Answered on April 10, 2011

The short answer is no. Your labor in the marriage is community property. The sole proprietorship would be allocated 50 percent to each of you. ...

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Owe back state taxes to idaho now live in new mexico,can they garnish my wages in Albuquerque, NM?

Henry's answer | Answered on April 10, 2011

According to the full faith and credit clause of the U.S Constitution each state must recognize judgments in another state. So it is possible for...

Henry Daniel Lively's Answers (4728)

Can I recover money seized from NYS?

US Property Rental - Taxation - Foreign Citizens/Nationals

Who pays the income tax bill in this situation?

What if a stranger pays the Tax Arrears on my home?

My mother has a brokerage margin account that's POD to 3 sons. After death, how do we pay off the margin?

Should an employee contribute to his 401(k) for a full 12 months to maximum employer’s matching benefits?

Can I claim my son on my taxes if I stopped paying support in June?

I'm not sure if my deceased father filed his back taxes, but I filed his final. Will IRS notify me???

I own a proprietorship in Califonia and I am married. I control it. Can I report all the net income on my separate tax return?

Owe back state taxes to idaho now live in new mexico,can they garnish my wages in Albuquerque, NM?