Did your parents live in the home since the time they bought it? If so, there is an exemption available whereby they would pay no tax on the gain...

C Corps- Stock issuance

The capital structure of your new company is an important set of choices. Number of shares, classes of shares, voting rights, etc... are key...

I {President}, have an Home Owners Association member that wants to acquire land from a Common Area by adverse possession.

There are a lot of facts and factors to consider in determining whether a claim for adverse possession can be successful. Best to get with a local...

Can I move states temporarily to avoid estate tax

The WA estate tax applies to non WA residents who pass away but who own property in WA. And the rate over approx. $2 million starts at 10% and...

How should ask to get paid when working as a sales contractor?

The start up should issue a 1099 to your llc after the first of the year, reporting to the IRS how much money they paid you for 2016. They'll need...

Does a typical trust instrument have sufficient language to act as a quit claim, if filed?

If ever a question/series of questions on avvo showed someone getting wrapped around an axle, it is these questions. I appreciate the time you've...

Will I Pay taxes for a gifted money?

Your aunt could give a combined gift of $28,000 in one year to you and your spouse without having to report it to the IRS on a federal gift tax...

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What kind of contract do I need

There would be several options available, and you and the other individual would need to agree. You might consider a revolving line of credit...

Some of what you are describing involves partnership allocation rules under the Internal Revenue Code and Treasury Regulations. This is a very...

What is the simplest and most cost efficient way to file tax for a multi partner LLC?

In the eyes of the IRS, the multi-member LLC or general partnership arrangement you have with your other partners is a default tax partnership...