How can a real estate agent hired to sell a home buy it for less then what the owner paid for it in 1998?

sounds fishy. You need an appraisal of the value of the house at the time of the transaction. You can start with the fair market value now. Ask...

As my colleague as said, "yes" it can do it; but, it is probably not a good idea. C corporations are separate taxpayers; So, the income earned by...

Should we contest the Transfer on Death Deeds?

It is much better to contest it now. As my colleague says, there are triple damages and attorneys fees for elder financial abuse. A big stick to...

You need to be more specific. What are the circumstances? What do you already know about FIRPTA? Why do you care?

Is My Fund Raising Plan Legal or Not?

Basically all of this is illegal. I infer that the donations are intended to generate income tax deductions for the donors. If so, there are many...

Can my wife come back into the house to get things after she left me for the third time?

This is more properly a family law question. Family law lays on top of property law and often over rules it. Purely as a matter of property...

What can I do about keeping my stuff

You need to come to an agreement with your former employer about how you can stay in the house. You mention you were paid in cash. This implies...

Working as an independent contracter/employee or in an aprentiship.

The good news is that you do not have much of a choice. The IRS has 14 rules for deciding who is an independent contractor. Many of them are...

If my elderly mother sells a rental house how do we determine the tax consequences?

Her gain is the difference between her capital investment in the properties plus her capital investments less the depreciation she has taken over...

I'm asking for my mom- how can she get her ex off of title of her house when he isn't cooperative

This is complicated. It starts as a family law matter. The ownership of the house was awarded in the divorce proceedings. The cheapest and...