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I bought my ex out of the house and paid him 20k cash and refinanced the house solely into my name, is this tax deductible?
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Answered on February 02, 2014
Internal Revenue Code (IRC) 1041 provides that transfer of property incident to a divorce results in no gain or loss regardless of whether it was...
Archived
Tax Filing
Thomas's answer
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Answered on February 02, 2014
I generally recommend clients to use turbotax online - simple federal tax returns can be filed for free there, and turbotax make filing taxes easy,...
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Father died 40 days ago, we were emailed a copy of a will and it looks very suspicious. We do not get along with the mother...
Thomas's answer
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Answered on February 02, 2014
My condolences to you and your family.
1). If the will is not timely filed, the will is still valid, and the failure o file does not result in...
Can a company break a 60 month equipment lease without penalty?
Thomas's answer
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Answered on February 02, 2014
The enforceability of the contract hinges on whether the employee had the apparent authority to bind the Company. Under the law of agency the...
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Am I still bound to a non-compete clause if Company's client comes to me?
Thomas's answer
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Answered on April 15, 2013
Non-compete and non-solicitation are not the same thing.
Your status as an independent contractor would likely not impact the non-compete. ...
Archived
Can someone sue me for quitting at the beginning of a project? (There was no contract signed, only emails)
Thomas's answer
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Answered on April 15, 2013
Email correspondence can create a legally binding contract. Additionally, there is a concept called contract implied-in-fact, which may presume a...
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I was given a total program cost and docusigned it in 2010, and have been over charged do I need a lawyer?
Thomas's answer
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Answered on April 15, 2013
I would need a lot more information to answer this question. Is the school the direct lender? State or Private School? How much money have you...
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Do I have a case and need to find a lawyer?
Thomas's answer
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Answered on January 23, 2013
I would seek a personally injury attorney. This sounds like you likely have a case. Additionally, you should look into whether your homeowners or...
My ex won't sign off on the title of our car. The car caught on fire about 3 weeks ago, and it is considered inoperable.
Thomas's answer
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Answered on January 03, 2013
If it is not legally your car, and you don't want the car - call up the City of Longmont as a concerned citizen and report the car abandoned.
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I have a Revocable Intervivos Dynasty Living Trust on house. Husband died- house in reverese mortgage. Can I delete trust?
Thomas's answer
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Answered on December 14, 2012
I agree with my colleagues. It all depends on the trust, whether it is revocable, who the trustees and beneficiaries are, and what instructions...
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