I am behind in 941 payments. The IRS agent said not to hire an attorney as we can work together. Is that true?
James's answer
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Answered on April 21, 2014
Consult an attorney immediately. The IRS should not be threatening you with closure and telling you at the same time they will work with you. ...
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What should I do if my dad passed and told me my step sister was taking care of the trust when should I find out what he left me
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Answered on April 15, 2014
Non-attorneys sometimes mix up trusts and Wills. If you father did not have all of his property in a trust, you can petition the probate court to...
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How to file insolvency.
James's answer
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Answered on April 11, 2014
The burden of proof is on you to prove your insolvency. If the amount of the cancelled debt justifies the effort, you may need to hire an...
When filing as an S-corp, does money which remains left-over after owners get their salary remain nontaxable until taken out?
James's answer
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Answered on March 31, 2014
I am a tax attorney. You may be confusing two things here. There is income (which is taxed) and there is money (which you can spend). In some...
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What can I do to stall the sale of real property placed in a trust which I am a beneficiary of in order to buy the property?
James's answer
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Answered on March 28, 2014
There are at least two different issues here:
1. Your purchase of the property;
2. Your mother changing her estate plan close to death.
To...
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I signed a non compete with a owner of a advertising comp.. I would sell spots on coffee cups and glasses.
James's answer
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Answered on March 27, 2014
Your logic is good. The challenge is often to prove your case in a cost effective manner. It is an immense help to have your proof in writing. ...
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What can we do?
James's answer
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Answered on March 26, 2014
If the property is in your granddaughter's name, it is her property unless you can prove she held in trust for you or something similar to that. ...
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Let a private citizen hold my title for money i owed them.
James's answer
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Answered on March 24, 2014
When you say hold your title, do you mean that they literally held the piece of paper with your name in title or that you transferred the title...
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I have power of attorney from mother. home is only asset. do we need to set up a trust account?
James's answer
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Answered on March 24, 2014
A trust has several important advantges:
1. avoids probate
2. secures the succession (it will be less likely that a third party could influence...
Archived
Irrevocable trust with credit shelter trust which is best way, bypass and survivorer, equal values or a 50 50 split
James's answer
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Answered on March 23, 2014
I agree with my colleague. While the attorney recommended plan is a good plan for many people, there is no one size fits all plan that works well...