Taxable income

The US taxes income on a world wide basis for both citizens and those with sufficient connections to the US. There are many treaty provisions that...

Do I have recourse for wrongful foreclosure?

I am sorry to hear your story. It appears that the home was foreclosed upon by nonjudicial foreclosure. If that is the case, I am afraid that...

How do close corporations determine weather to pay dividends or not?

I agree with Mr. Dolan on this matter. With that much cash at your disposal, you will likely save more than it will cost you in CPA/Tax Attorney...

I am married, but our home is owned by single member LLC--me. When we sell are we still able to get the $500000 tax exemption?

I agree with the previous contributors. You should verify that the property was actually placed within the LLC, as many times clients have not...

What "event" determines the IRS definition of COD (Cancellation of Debt) ? creditor letter date? payoff date? 12-31 of

I disagree with the previous attorney's response that the 1099-C date is controlling in determining when a debt is cancelled. In regard to...

If you are in a partnership and you end up footing the entire bill for a partnership expense, you have a right of contribution from the business...

How do I find out when my foreclosure is final and when my right to redemption period ends

Rights of redemption are only available to judicial foreclosures. If your home was judicially foreclosed, you have 8 to 12 months to redeem, but...

I was recruited from a 25 year career to another brand. they sold 2 mo later and I have nothing do I have a case.

Tax isn't the right area to be asking this question. You need to pose this in an employment forum. The issues your present will depend greatly on...

What is a fair attorney fee for representation in Loan Modification?

My office offers a full representation at a Foreclosure Fairness Act Mediation at $2,000.00. Simple modification representation is difficult...

It will depend on the contract that you signed with the shop, but if you still have "ownership" of the jewelry, then you list it as an asset in...

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