Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Assuming you were eligible for the deduction when you originally took it, there is nothing to worry about here,
Interest income is reported on Form 1040, Schedule B for a personal income tax return.
In your state I believe that you are required to file the same way for both federal and state. Check with a local attorney to verify. To be safe....
If this is a recourse loan, the bank may be able to come after you for the deficiency. Contact a WA attorney to determine exactly where you stand...
The gift tax limit has nothing to do with the Medicare issue. The Medicare issue is complex and you should consult with an attorney that...
I agree with both attorney Larson and Harrington. Generally, no there is not a tax on gifts under $13,000.
You can calculate how each of you would have faired based on filing separate tax returns and use that as a guide to split the refund. The best...
You need to see an attorney and review all the facts here. If you were scheduled to go to jail over this and you want to make the payment, make...
Attorney Harrington gives a very comprehensive response. If you chose, and the Tax Court granted you, small tax case status, there is no appeal...
More facts are necessary to determine what to do here. A relevant fact is how much equity in in the property. If there is a lot of equity, the...
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