As a non resident non US citizen owning an apartment in New York, what taxes am I liable for if it is sold?

If you sell the apartment, the buyer is required to withhold a certain amount of taxes on the sale since you are a non-resident alien. You would...

Can a Revocable Trust pay to individuals the 13,000 gift tax exclusion?

You should be able to distribute the 13k out of the trust and get the gift tax exclusion. However, since you are the trustee of the trust and also...

I used my credit card to pay for taxes. How does that affect the debt on the credit card when filing Chapter 7?

The non-tax debt should be dischargeable in bankruptcy as normal. In addition, if the taxes are greater than 3 years old, they may also be able to...

How to transfer prop. to a son w/out him being taxed?

If you transfer your property to your son, it will be a taxable gift and result in gift tax to you. You can use your lifetime exclusion of...

Is it better to go to an individual estate attorney or one within a large practice that covers other areas re: tax, probate,etc?

Everyone will likely give you a different answer, but in my opinion a lawyer who is a specialist in estate planning will give you a more thorough...

Does the irs get paid off if you do a short sale and don't have a lien on your property. Thanks

If the IRS does not have a lien on your property, then they cannot collect back taxes from the proceeds of your home. Therefore, they will have to...

If you are an officer or a director, submit your resignation letter and make sure to tell them to remove your name from the officers and directors...

What do i need to do to get corporate funding?

Funding can come in three general types: 1) Friends and Family Funding 2) Angel Investors 3) Venture Capitalists Friends and family is the...

You generally have the right to inspect the books and records as a shareholder. However, getting the company to show you the books and records is...

I would like to open my own bussiness (maybe a corporation) and keep working for my H-1b employer. Can I do it?

H1B visas are issued for very specific types of employment (such as technology worker), so if your new business is in a different line of work...