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
My family owns a 17 acre plot of timberland in Colton, OR. It originally was part of a larger plot, which was reduced to sell two home sites. In the last sale of one of the home sites, the deed to the driveway which leads to the timberland and bo...
I am less sanguine than my colleague. When you start to harvest the timber, the usage of the road will change to big trucks and equipment and many trips a day. Your neighbor will probably not be pleased.
Are their any signs on the road that show ownership or other signs of ownership.
You could approach the neighbor with an easement agreement to support this use of the road and at the same time make clear that you own it.
If you do nothing and the neighbor realizes that they own the road, they may be able to block your increased usage with a harvest.
The State of Oregon has been violating the Civil rights of out of state workers by prohibiting them a right to vote in regards to distribution of tax revenue. In a short sense, as in the original days of our country, King George took money from ...
I believe this legal issue was long ago decided. It is very unlikely to succeed today.See question
We bid on a house for sale and seller accepted our offer. Buyer (us) and seller signed a contract which explained the details of our offer. Now seller saying he didn't see the part on the contract where it stated that he, the seller, was respons...
Subject to a review of the contract which is needed before anyone can actually give you any useful comments let alone legal advice, the answer is "yes" you can hold the seller to the contract.
However, the practical answer is "no".
You can insist that the seller perform the contract. The seller refuses and moves on to sell the property to someone else. You hire an attorney ($400 an hour; $5,000 to $10,000 fee deposit) and file an arbitration or lawsuit depending on the terms of the contract. Your attorney takes all the steps to prove your winning case and present your evidence. Along the way, life happens. You live with constant demands for more information, more of your time and, of course, more money. 6 to 12 months later, you get your judgment (assuming you did everything right and the seller is in the wrong). Now, you force the seller to sell the house to you.
Or the seller backs down cause the seller does not want to go through the burdens of litigation.
Or you back down for the same reason.
Or, the brokers step in and cut their commission to pay the closing costs and save the deal (especially the broker for the seller who missed the key point);
Or, you make a deal with the seller and split the closing costs between you.
In mid 2012, I moved from Portland, Oregon to Vancouver, Washington. My federal tax return for that year reflects this. I went through a major personal crisis during that time, and was astonished to receive a notice last fall that I had never f...
The level of difficulty in clearing this up will depend on the type of income you have, how detailed are your documents and books, and the tax issues involved.
Most people weigh the cost of the attorney versus the amount of tax involved. they do not want to spend $3,000 to save $700.