asked
Will I incur any legal or tax ramifications if I accept money from a friend serving overseas and use it to pay their down payment for a home in Texas?
August 13th, 2024
Hi, my mom passed away 15 years ago and I already paid the inheritance tax then. I only left 1 property under the estate because there was a loan on it. I paid off the loan now. I’m going to retitle the home to be under me and my sister. Once I retitle the home, would I need to do the estate taxes anymore? It’s the last part of the estate. Also, what is a transfer tax and would it apply in this case?
September 18th, 2023
When a residential condo is sold, does the depreciation taken over the years get added back and taxed as income? What happens if the property is sold for $1 to a friend or gifted to a friend?
November 30th, 2023
I have an owner-financed property in Georgia. The buyer has failed to pay the full deposit and last year's taxes as agreed. How do I evict or foreclose on them? I have sent a breach of contract letter giving 7 days to make it right, but they have not responded. I own the property outright without a mortgage, and they paid half the down payment with a deadline that has passed over a year ago.
July 10th, 2023
I received a $100k bonus and a $3000k stipend for a job starting in October, along with $15,000 from a side job, all in 2023. No taxes were deducted. When are the estimated tax payments due for these incomes, and can I avoid penalties by paying them later in May or June 2024?
December 17th, 2023
I deposited my refund check in my bank and they deposited it in someone else's account by mistake. I received it on 6/23/2023. The amount was $220,028.58. What should I do to rectify this issue?
August 8th, 2023