As an Independent Contractor for a Company can I Report Money I pay my kids to help?

Employee compensation, even though it creates a deduction in your business, will create a reporting issue for your children. If you pay more than...

Inheritance property and capital gains tax

Section 121 of the Internal Revenue Code explicitly requires ownership and residence. Under the statute, you must have been resident and owner for...

Can I put a judicial lien on homestead exemption if there is no asset left in Washington?

The homestead exemption in Washington is quite generous at $125,000. The issue that many creditors run into is that judicial liens obtained before...

How can I get the bank accepting my mthly mgt pymt to report to the credit bureau's after my BK in Mar 2013.

When filing bankruptcy, all assets and all debts must be reported to the court in your petition. That is why the rental property was reported. ...

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Question regarding unpaid state income taxes

There are number of issues that come up with this. One is did you sign the tax returns? Did you know about the tax liability? Has the state of...

Can I make a contract to protect myself from end of the year taxes and give them to someone else?

My out of state colleagues have raised some valid concerns, but there are real life issues that face business owners all of the time regarding the...

I'm dedicating myself to selling on amazon.com in the united states. I am starting to have sales and I am very lost

Your question is interesting as it deals with a foreign seller to an American market. These cross border transactions can be sticky, but it will...

How will foreclosure affect me?

I agree with Mr. Hall. I would add this. From my experience, where we have a second mortgage with a likely lawsuit post foreclosure by the first...

Can you legally take more than $10,000 in gold in and out of the United States

I have to concur with the previous note, that defrauding creditors and laundering money are not usually discussed on open discussion boards. As...

A home is in foreclosure but the owner wants to enter a rental contract with me in the meantime is that legal? criminal?

Yes, it is legal. As the buyer at sale, unless there is an explicit provision barring you from renting to the prior owner this is legal. There...