When one person pass away, the remaining person now own the house 100%. What are the tax implication ? how tax can be avoided ?

Taxes implicated: Income tax Estate tax Property tax The advice provided is solid advice under general assumptions. However, the relationship of...

Is it legal to be charged for both? The original check was presented on time?

Consult the terms of your lease. You admit having insufficient funds to clear the first check, and the check was thereby returned. This the...

What are the legal actions I should take? How do go about this all legally?

The legal actions you should take are 1. Find an attorney steeped in business and employment law matters. 2. Retain them to draft all of your...

Does this type of business exist?

From a general perspective, all income is taxable to the person/ entity generating the income. When you speak of retaining earnings or profits...

Asking a tenant to leave after the lease agreement is completed.

Unless your receive some sort of government payments of rent on her behalf, it is doubtful that you need make any special accommodations for her....

Do I have to pay something according the new agreement?

The new agreement seems to be effective in July. However you are still under the old agreement, or at least a month-to-month tenancy. As such, you...

Can I gift someone my business or parts of it?

Yes you can. The more important questions pertain to: Assignability of Contracts Business Debts Gift Tax on Transfers Valuation - Good Will Bulk...

As a sole proprietor, the debts and assets of the business are your own personal debts and assets. So, to the extent you sell these assets, shut...

Can a membership club in the U.S. avoid government regulation on items that are not FDA approved?

This is not an easy question to answer here, but I can tell you the factors implicated and that, if you care about the future of your business, you...

If we walk away, are we, the new LLC owner, or the original lessee responsible for the remainder of the lease, or is the origina

Your answer turns on a concept called "privity". Namely whether you took over both property and legal rights (privity of contract and estate) with...