Being retired with an income of approx. $ 32000.00 a yr. how much taxes will i have to pay in.

You do not present enough facts to answer this question. Go to a local tax professional and have them prepare a tax projection for you and...

My wife and I own a home and our daughter and son pay the mortgage and taxes, how can they deduct it from their income tax

You can set up an All Inclusive Deed of Trust, or Wrap Around Mortgage, making your children liable for the debt, Then when they pay the mortgage...

We live in WA State where there is no state income tax, but have a rental property in California. Do I have to pay CA state tax

Yes, you will have to file a California Non-resident return and pay taxes on this income. Any individual seeking legal advice for their own...

Can I amend my income taxes for a now worthless unsecured promissory note?

No, your actual loss occurred when the note became worthless. You can take this loss on your tax return in the year it became valueless. This...

For IRS, Which was "purchase" date? Investment house in lawsuit for two years, lender settled, new "purchase" date and price.

You should take the position that the date you received the original deed is the date you acquired the property. What you actually pay for the...

If someone has a private judgment against you they can not take your tax refund. Once the money is received by you they can attempt to collect...

Don't know what kind of an attorney I need.

You need a probate attorney in the state where the property is located. Any individual seeking legal advice for their own situation should...

No, only the lender can release you from the loan. A quit claim deed will release whatever interest you have in the title, but have no effect on...

Why do mortgage companies report you to the credit bureau (while in loan modification process) as being delinquent?

If you are not making your payments per the original agreement (have modified or trial payments), your lender will report you as late. If your...

Will the Lenders Pay the past due HOA which is a lien on the house? The bank has agreed to accept a short sale.

Typically, lenders will not pay the HOA dues. I am not sure how you are getting anything from this sale when you state that it is a short sale. ...