If I go into a short sale on my home will I have to pay taxes on the difference owed and what it sells for?

No. Cancellation of debt between now and 2013 is excluded from income if it is on your qualified principal residence. That is a benefit of The...

Is a house built with a construction loan a "principal residence" under the Mortgage Forgiveness Debt Relief Act of 2007?

Probably not, but check with a CPA. You can only have on principal residence at a time and if you do not sleep there, pay utilites there, etc. it...

Can I get the court to impute an income for my ex, we are in los angeles Ca

Courts will look at what is in best interests of the children. If change of time spent is in best interest, court will do it, and adjust support...

If all other things are equal and there is no cost advantage to you in selling to one or the other, you should sell at substantially same price. ...

Transfer mortgage from one person to another in LA County. CA

IF both friends are agreeable you can just do a simple assignment of the promissory note and record a substitution of trustee and...

Trust Agreements, do they need to be certified in the California courts

My colleague is correct. Some title companies and other businesses transacting business with the trust may require notarized signatures, but...

Can i sue car dealer for selling me a salvage car a year later

There is a 3-year statute of limitations for fraud and 4-years for breach of written contract. You have time. However, the longer you wait the...

Designer asks: What is the best way to protect my client's money from my personal creditors?

Forming an S Corp or an LLC is always a good way to separate your personal and business liability. It also has tax and retirement benefits in...

Should I quit and move on or turn them in? Will I get unemployment?

Document the issue, tell the owner why you are quitting, tell him you have documents, tell him you are filing for unemployment because it is a...

Do I have a case?

It sounds like an honest mistake and no real damage. While it would be nice if they gave you a free drink when you pick up the card, that would be...