Taxes
Is a Rebate By a Contractor Reportable as Income?
As a General Contractor, is it legal to give a rebate on a product and installation sale back to the customer without giving a 1099. The amount is over $600
How Do I Avoid Gift Taxes in Texas if My Parents Give Me a House?
When I graduated college, my parents purchased a house for me to live in. If my parents own the home that only I live in, and they would like to give it to me. How would we avoid the gift tax? Would I need to somehow purchase the home from them in order to avoid said tax? And if so, how would we go about it?
Will I Be Liable For Property Taxes if I Walk Away From my Property in Indiana?
We filed for Chapter 7 bankruptcy two years ago; due to my husband's extended unemployment because of the recession. The case was discharged on August 18, 2009. We had every intention of reaffirming our mortgage and signed our end of the paperwork, but someone screwed up; we don't know whether it was the attorney or the mortgage company (we suspect it was Wells Fargo, since we returned the paperwork along with the reaffirmation of our auto loan, which is now paid in full), so the mortgage was discharge with our other debt. We have continued to make payments, since that was our intention. My husband has been working for the last 18 months at a job 90 miles a way, but the housing market has been such that selling our house has not been feasible. We have tried listing it on ForSaleByOwner.com and Craig's list since we can't get enough at current market prices to afford realtor's fees, but have had no luck. Through the VA we have been able to purchase a house much closer to his job, and we are scheduled to close on that loan on August 18 of this year. My question is: Since the mortgage on this house was discharged, I know that we can walk away from it, but my concern is with property taxes. Will the state be able to come after us sometime down the road for unpaid taxes? They are current at this time.
How Can I Respond to a Treasury Offset Notification?
I just recieved a letter address from the U.S. Department of Justice, connecticut, U.S_ Attorney's Office 157 Chrurch Street, 23rd Floor, New Haven, CT 06510. Subject: U.s. Department of Justice Administrative Offset Notice. Notice of Intent to Offset. My question is what is my legal options?
Who Pays the Employment Taxes of an S Corporation?
ARE S CORP STOCK HOLDERS LIBIAL FOR S CORP 941 TAX IF SO TO WHAT EXTENT