I work at ranch.for someone who pays me cash twice a month. I live in a fifth wheel.on the the property of my boss,who purchased it so that I would have a place to live,so I made payments every payday until I was fired and given 2 weeks to come up...
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 to me that you were paid "off the books" and illegally in the state of Oregon. Your employer may have not made social security, medicare, unemployment or federal and Oregon withholding deductions from your pay. In addition, there any many laws concerning employer obligations that may have been omitted.
Perhaps, if you discuss these missed employer actions, the former employer may be more understanding of your needs.
I've been offered a very part time position as a patent paralegal for a firm based Germany, working out of America. They offered to do 6 months training, before I begin working on my own. I wonder what is the best way to classify myself, and w...
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 answered by your agreement with the German company about how you will do the work.
The fundamental difference is an independent contractor uses independent skill and judgment about how to do the work. The classic is a plumber. You hire them for a result and they use their tools, their time schedule, hire their own assistants, work for several different customers, etc.
If you work for one company, follow their instructions, their schedule and use their tools like templates and software you will have a hard time persuading the IRS that you are an IC. Not necessarily a terrible mistake for you but really bad news for the company.
Elderly mom, 92, has two rental homes, each own free and clear. One is in California and the other is in Oregon. How can we determine what (if any) tax consequences there will be if we sell one or both?
Her gain is the difference between her capital investment in the properties plus her capital investments less the depreciation she has taken over the years. If she has owned them for more that 5 or 6 years, the gain could be a lot.
Most people either:
1. postpone the gain through a Like Kind Exchange under IRC 1031 or
2. move into the property as their principal residence and exclude $250,000 of the gain on a sale; or
3. hold the property at death and get a step up in basis to the fmv on the date of death.
The house was awarded to her in divorce mainly because he was in jail.. he is currently on probation in Colorado. But his name is on the deed and he had the mortgage bill be sent to his house in Colorado even though my mom pays the payments. He h...
This is complicated. It starts as a family law matter. The ownership of the house was awarded in the divorce proceedings. The cheapest and fastest way to resolve it is to go back to the family law attorneys and get an order for him to transfer title to her. It may be a condition of his probation to comply. So, move quickly.
The loan is a difficult matter. What bills did not get paid while he was in prison. CAn he pay the bills now? If not, you are stuck with the VA loan and possibly with him on the title.
A series of tragedies occurred in my life between 2007 - 2015, which resulted in my having to file for Social Security Disability as well as bankruptcy. My health is so poor that I was approved the very first time I applied for SSD. My bankruptcy ...
Yes, submit an OIC immediately. Most of the unpaid years probably could have been handled in the your bankruptcy. check and see if it is too late.
Otherwise, you apply to the IRS and ODOR separately. Lawyers charge between $2,000 and $4,000 to do it for you. But, you may be able to manage yourself.
Do it now because it takes the IRS about a year to respond. If they make you redo the application, your improved financial situation will work against you.
We are offering our chorus members an opportunity to travel to Ireland to travel and sing. Five members want financial help in order to attend the trip. When I have checked into the legality of using non-profit donations to benefit an individual I...
Good question. The general principle is a 501(c)3 charity can raise money for a cause but not for individuals. So, you can raise money and say that some part of it may go to deserving choir members but not say to whom. You can even say who got it in the past. The idea is that the donors do not know to whom the money is going. If they did, they could target their gifts to someone they just personally want to help and get a tax deduction for it.
Review the IRS publications on this and consult a tax attorney to get legal advice that is tailored to your situation.
He bought 2 pieces of property (one for me; one for him) at a great price (like $50k for both!). Both properties are in MY name ... to help me get a mortgage... using land as collateral. We are each building a home on our respective lots. Now ...
Good question. The best tax treatment is for a gift. It can be a zero tax. oregon has no state gift tax. If you are both US citizens, you each have a $5.4 million gift tax exemption.
The difficulty is the prior acts of buying and borrowing money may be viewed as a business and negate the possibility of a gift.
Consult a tax lawyer to review the acts and the entire sequence of events.
I was in a relationship and we purchased a second house in my girlfriend name - however, my name is on the title. We broke up and I moved into this property - We signed an agreement that she is only carrying the loan but I am to make all payment a...
What harassment and bullying?
It depends first on exactly what the agreement with your girlfriend says. Did a lawyer draft it? Your arrangement with your girlfriend is difficult to pull off legally. I doubt an amateur could write a useful version.
In any event, your agreement with your girlfriend may be unenforceable if there was no financial benefit to her. I expect that only your name is on the title. So, you can sell the property; but, when you payoff the loan in her name, you may have a problem with the lender.
After most distributions, an insurance policy came in late. It was decided by all three of us to use it to pay the taxes on Pa"A farm, then, split the leftover. The person holding the funds has stated they are keeping it, because of an event 6mos....
Some more information would help. What kind of distributions? From an estate? a corp? an LLC? a bankruptcy?
What kind of insurance? life? casualty? O&D?
What is the relationship between the people? family? partners?
I live in Portland Oregon and flew into California to visit Mom. My two brothers decided to take Mom off of life support even though I told them I wasn't ready for I was hoping Mom would get better. They said it is 2 against one, deal with it. ...
Something is very wrong about the way you are being treated. You should quickly hire a California attorney to get a copy of the trust and give you some advice. Delay will prejudice your ability to get any kind of justice. Do it now!See question