Can a wife (who lives more than 6 months in Florida) be a resident there while her husband(who does not) remains a KY resident?

Mr. Lively had correctly recited the law in the case. Tax residency for purposes of the law is an intent test, in other words, where you...

Probate and inheritance tax

The attorneys above have offered sound advice. I would add one small issue which is that, even if her estate does not owe inheritance tax, she may...

I agree with the attorney before me on all points. However, since the business is fairly small (one person), your main focus should be on how to...

Like the attorney before me said, the answer does not depend on whether the trustee gets a judgment against them, but rather whether a beneficiary...

If you are asking whether an IRA and a Trust account are part of the probate property, like the attorney said before me it depends on the state law...

I'm searching for the right legal structure for my company. Please help.

If you are thinking of starting a restaurant with only a few members/owners, then you should consider forming an S Corporation or LLC. These...

My father passed, there is no will. He had only one bank account w his and my name on it. Is it possible to close w/o probating?

You have two separate questions here: 1) Does your father's property need to go through probate and 2) Do you owe the bank account without...

Can a foreign credit card debt be collected in Florida?

In order to enforce a credit card debt in other countries, the creditor will first have to go to court in Ecuador and get a judgment against you or...

Foreigners and Real Estate Withholding Tax

Green card holders are not considered non-resident aliens in the tax code. Therefore, you should treat her like a U.S. citizen for tax reporting...

No receipt for customized deduction, what could be the consequences?

If the IRS audits you in their ordinary course of inspecting tax returns, they will ask you to produce the receipt for the $10,000 deduction. If...