Does immediate sale of contribution affect my write-off in taxes?

No. But it might effect them. Your duty to monitor the property ends once you relinquish control over it. Christopher...

They are not supposed to do this as it is them that will be fined if they do not produce these for the employees. The burden lies wih the employer...

This is definitely income to you. The source that your father receives the funds to pay you is irrelevent. The money loses its character as...

How can I get a law passed where attorneys do not get paid if they lose their case?

Sometimes lawyers do their jobs and do not win. Murder and criminal cases are a little different in that there is the subjective opinion of 12...

I manage my mothers irrevocable trust and she insisted I take a fee this past year (2011). Is this taxable income

As the previous attorney notes, you are performing services for the money. Even though this is a relative, the fact your are performing services...

Is 50% of a spouse's income who lives/works in Washington subject to Oregon taxes if the other spouse lives/works in Oregon?

This is another beautiful example of states going right to the edge of the Constitution to tax anybody that even has a remote connection to their...

What can be claimed as a deduction when starting a new farm?

Farm expenses are often given special treatment. The best thing you can do is find an accountant in your area that deals with farms. Most general...

Accounting question - taxes legal payroll vs. owner draw split

Salaries have to be "reasonable." This will take into account factors such as: 1. What it would cost to hire a comparable person in a management...

Attorney Smith is correct that the distributions of the funds maintain the same character as they would have been in the trust had they not been...

Do I have to split the tax return with my daughter father? We have joint custody, but he spends/pays only 20-30%

You don't have to give him anything in the absence of a court order. The parent that has the child a greater number of days gets to claim Head of...