Thursday, 1 January 2015
Has anyone drawn picture of erril from wit'ch fire I'm just interested in seeing other interpretations of what he looks like?
no.
Is 2012 the last year to take advantage of the low rates for long term capitol gains? I have a home bought 30 years ago for $200,000. It is ...
Is 2012 the last year to take advantage of the low rates for long term capitol gains? I have a home bought 30 years ago for $200,000. It is now worth $1million. It is a rental property. I would like to not pass on potential high capital gains to my children when I leave the house to them in my will.
Answer
You need to consult with a tax professional and an estate planning attorney. If completed properly, an estate plan can minimize capital gains and other taxes.
Answer
Whether you leave it to them by will, or a trust which is usually even more tax favored, they will get a "stepped up" basis. That means their capital gains when they sell it will be calculated only on the gain above the value on your date of death, not what you paid for it. They may also be able to avoid property tax reappraisal, though I'd have to look that up to be sure it applies to rental property.
My husband and I live in state free income tax. How do I report rental income in California? Some of properties are under our name, and some...
My husband and I live in state free income tax. How do I report rental income in California? Some of properties are under our name, and some are under LLC.
Answer
Your question probably calls for accounting advice more than legal. However, I can give you a few very basic principles. First, California tax returns must be filed for both your husband and you, or you can file jointly, just as with the Federal government. California state income tax returns generally, but not always nor for all purposes, are the same as Federal, and you just attach a copy of the Federal tax returns to the California 540 income tax return form. Next, any LLC must file Federal and state tax returns as well - I believe the partnership tax return forms are used, because the Feds treat LLCs similarly to partnerships (usually, not always! - certain LLCs are taxed as corporations) for tax purposes -- check out Form 1065. I would strongly recommend any couple that owns two or more income properties, some of which are owned directly and some through an LLC, to establish a working relationship with an accountant that is well acquainted with the income-property business and can give advice on recordkeeping, handling depreciation, timely payment of the franchise tax, preparation of tax returns and other matters.
step parent adoptionMy husband and I have been married for 9 years. My son is going to be 13 and he has a different biological father. I lef...
step parent adoption
My husband and I have been married for 9 years. My son is going to be 13 and he has a different biological father. I left my sons dad when my son was 1. We only went to court once. I am the primary parent and we share legal custody. He has visitation. He was also suppose to pay half of daycare and provide medical and dental care. He does nothing. No child support was awarded at the time since he was not working. He spent 2 years in jail and then moved to Hawaii when my son was 4. He has only seen him a handful of times since then. In 3 years he has seen him a total of 5 days. He calls every 3 months now. No Christmas present this year. He sends no money. We asked for a name change but no change to custody and he said no. I would love to have my husband adopt him. He is his dad. He has been there every day for 12 years now. Is it even possible??? I don't want to drag my son through this if we cant make it happen. His bio dad works under the table in Hawaii and makes no attempt to do anything for his son. When ever I bring anything up he says he will get better and loves his son...but nothing changes. My son know he is loves at our home and that wont change. But I would love for my husband to adopt him for many reasons. We have always lived in California. Any advise would be great
Answer
Under the laws of all states in this country your husband cannot adopt your son unless his biological father signs an agreement giving up his parental rights as to your son. I suggest that you consult with a family law attorney further as to the matter.,
Answer
Mr. McCutchan is wrong. Although that is the baseline rule, there are circumstances under which the biological father can be found to have abandoned the child if there is not enough contact and support of the child for an extended period of time. In that case the court may elect to terminate his parental rights and allow a step-parent adoption without the biological father's consent. You would need to consult with a Family Law attorney in person to see if your situation would qualify.
We moved into a trailer on March 28th of this year, no electricity til April 26th there. On April 12th we were given lease papers with verba...
We moved into a trailer on March 28th of this year, no electricity til April 26th there. On April 12th we were given lease papers with verbal agreement to pay the rent with our work performed on the property. WE kept a work journal with hrs.,etc. Our work added up to more than the rent amount. Suddenly in June they arbitrarily changed what we had agreed upon, demanding money from us without paying us what they owe. Now in July we have heard they want to serve us papers. Can they change the terms of our agreement like that mid way, and what recourse do we have to the work hours we put in over and above the rental amount?
Answer
If they do not honor the verbal part of your agreement, then you will have to sue them in small claims court to recover.
Is it legal for a trailer to be unattached from a vehicle and left on the street?
as far as i know it can be but as with skips left in the road it must have lights and or cones
Can a company clock you in and out if they want yo
Can a company clock you in and out if they want yo
Answer
Not supposed to clock you out if you are still working. Feel free to contact us at [email protected]/* */ if you wish to discuss further.