21 posts tagged with Tax and law. (View popular tags)
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Selling Real Estate, and Not Buying Again Immediately

My house sold earlier this month. I am not buying a new house right away, but... maybe? How long can I wait? How will this affect taxes? And if I could buy property, should I in order to avoid penalties (if there are any)? You are not my lawyer or my accountant, but way more details with a little bit of drama after the jump. [more inside]
posted by aabbbiee on Jun 28, 2012 - 10 answers

 

Common Law, Taxes and Immigration in Canada without SIN

My common-law partner and I are in the process of filing forms for her sponsorship of me to receive permanent resident status in Canada. She changed her marital status to common-law on her most recent tax forms (we have been living together since 2009). She is now being audited by Revenue Canada, since this reflects a change from her last tax return and how her GST/HST refunds are calculated. [more inside]
posted by anonymous on Jun 2, 2012 - 3 answers

You are not my estate lawyer, finance lady, or tax guy. Can you help me find that person?

Grandma set up an uneven trust and we want to distribute it equally. Who do we talk to and what do we ask them? Questions about imbalanced inheritances, DIY redistribution of wealth, and taxes within... [more inside]
posted by anonymous on Jun 1, 2012 - 14 answers

Set up LLC now or later

Asking business question about setting up LLC and tax savings [more inside]
posted by akomom on Feb 27, 2012 - 5 answers

I'm pretty sure the Bluth family is a terrible role model here

I'm inheriting $100,000. My parents are inheriting a lot more (around $1mil, but we're not sure the exact amount). Please give us advice. We're in the US (New Mexico). [more inside]
posted by Harry Potter and the Puppet of Sock on Jan 30, 2012 - 26 answers

US Tax Law Change for Americans Living Abroad

As a US citizen, living and working abroad for many years, I recently heard of a new law that I must file tax returns on the US by Aug 31, 2011 or face a penalty. Anyone know about this? If US citizens live and pay taxes abroad, they generally are exempt up to $91,500.
posted by foxinsocks on Aug 27, 2011 - 9 answers

Is it worth forming an LLC and in which state?

I'd been wanting to form a corporaton for a long time. So many benefits it seems:
  • track business expenses for income-tax deductions
  • protect assets against law-suits
  • gain credibility for certain transactions
  • privacy
  • But all the gory details are getting me down... [more inside]
    posted by markhu on Jul 18, 2011 - 20 answers

    tax lawyer in NJ NY?

    Tax Lawyer in NJ/NY area? [more inside]
    posted by anonymous on Mar 14, 2011 - 1 answer

    Tip Reporting

    You Are Not My Accountant/Lawyer/Whatever. But, do you have any answers or could you point me in the right direction of a resource that could answer the following question regarding tipped service staff in the state of Florida? [more inside]
    posted by sarelicar on Aug 5, 2010 - 1 answer

    I'm a dependant, full-time student abroad and haven't filed with the IRS for the past three years. Doing immigration stuff and need tax returns. What now?

    I am helping my partner migrate to the U.S. after our marriage. We're nearing the point where we do an Affidavit of Support during our embassy interview abroad, which says I need to bring tax returns. I have not filed income taxes for the last three years, because I have been a full-time student in this country. What should I do? [more inside]
    posted by anonymous on May 13, 2009 - 9 answers

    Masochism expressed through higher-level law degree, or good idea?

    I'm thinking of returning to school for an LLM in taxation, and am looking for advice, experience, pros, cons, etc. [more inside]
    posted by bunnycup on May 6, 2009 - 6 answers

    Can my minor children receive a gift from their great aunt that is excluded from the gift tax?

    Can my great aunt make a $12,000 gift to me, my wife, and each of our two kids (for $48,000 total) without incurring the gift tax? [more inside]
    posted by Duluth?! I Hardly Know Her! on May 4, 2008 - 12 answers

    How to stay a Indie. Contractor?

    I have been freelancing as TV producer for one company for over 6 months now working on various projects. The boss thinks he needs me to stand down for a few weeks to keep my independent contractor status. All of the IRS info I have found is vague on the point of continuous employment. How long will I have to stand down (aka take the vacation I want to take) before I can return to this company? And legally how long is too long to be a contactor for one company (when does the IRS question contractor vs. employee)?
    posted by mcbietila on Mar 13, 2007 - 12 answers

    Is Income Tax Illegal in the USA?

    Is there a law requiring you to pay Income Tax? I saw this video over at youtube, from The FreedomtoFacisim.com website. They say that Income tax is illegal and there are no laws. They even mention that the 16th admendment isn't valid via the supreme court. Ok, are these guys wackos? IRS has guns, so they make the rules, thats all I know.
    posted by IronWolve on Nov 5, 2006 - 30 answers

    SUV subsidy

    TaxGeek filter: Where can we find the SUV subsidy provision? [more inside]
    posted by yclipse on Aug 24, 2005 - 6 answers

    US tax question - telecommuiting

    Taxfilter: telecommuting across state lines. [mi] [more inside]
    posted by 445supermag on Jan 16, 2005 - 2 answers

    Tax and Stock Options

    I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?
    posted by scarabic on Jan 13, 2005 - 6 answers

    Income tax question for an LLC

    If one has a business that is registered as an LLC (with no partners-- just the one person) and if: the business location (office) is in one state, the owner lives in another state and most of the business (or clients) are in a third state in which state is state income tax due-- where the office is, the owner's residence or where the clients are?
    posted by limitedpie on Aug 24, 2004 - 3 answers

    Taxation and Reporting for eCommerce

    Ecommerce filter: Here at work we are attempting to understand/define the default business rules for taxation calculations within an ecommerce app. Specifically we are all tied up in knots over the application of rates, reporting issues, etc. Is there an industry standard for handling this aspect of a transaction? Who defines the standards, and how can I find out more about it?
    posted by lilboo on Aug 12, 2004 - 2 answers

    Starting a very small business.

    I am thinking of starting a very small business, but I have a few questions for those of you who have done so before I really make up my mind wheter to go forward or not. [More Inside] [more inside]
    posted by shotsy on Jul 29, 2004 - 10 answers

    Medical Reimbursement Plan - what does the IRS require?

    I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
    posted by dirtylittlemonkey on Apr 6, 2004 - 3 answers

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