Archived
Selling wedding cakes, setting up small business in WA state, collecting taxes and possible liabilities under WA law
Kent's answer
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Answered on August 13, 2008
I can not answer the question about Washington law with respect to licenses or permits for a food related business. However, for tax purposes, any...
Received a gift worth $1,000 from a friend, does this need to be reported to the IRS, federal gift tax return
Kent's answer
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Answered on August 13, 2008
Gifts can be taxable. However, gifts of $12,000 or less per year from one individual to another are exempt from gift taxation. Over and above...
Archived
Chapter 13 Bankruptcy Fraud
Kent's answer
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Answered on August 13, 2008
The US Trustee in the federal court district where your former husband filed bankruptcy would be the best place to report any misrepresentations in...
Archived
Foreclosure
Kent's answer
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Answered on May 29, 2008
Part of the obvious problem is the potential for tax on cancellation of debt. The Mortgage Forgiveness Debt Relief Act of 2007 only applies to...
