Time Sensitive Real Estate / Tax Question?
by admin ~ August 30th, 2010nodoubt2002002 asked:
My father signed over his interest in a building in Los Angeles to me in 2002. He passed away early 2003. A tax lien in his name for taxes on another building was placed on the title of the house I took control of in late 2003. Now I’m trying to sell and after first being told by a lawyer friend (about 8 months ago) that I wouldn’t be liable because the liability was attached to my father, my realtor is telling me that I am liable. The amount is substantial, so I would be eternally grateful for any advice or help.
Jacquelin Tankxley
My father signed over his interest in a building in Los Angeles to me in 2002. He passed away early 2003. A tax lien in his name for taxes on another building was placed on the title of the house I took control of in late 2003. Now I’m trying to sell and after first being told by a lawyer friend (about 8 months ago) that I wouldn’t be liable because the liability was attached to my father, my realtor is telling me that I am liable. The amount is substantial, so I would be eternally grateful for any advice or help.
Jacquelin Tankxley
Can I claim my property and school taxes on my income tax this year ?
by admin ~ August 29th, 2010is there any way to avoid capital gains tax on real estate?
by admin ~ August 29th, 2010As resident aliens do we have to be concerned about estatetax when our estate is about $ 1 Mill?
by admin ~ August 28th, 2010Conservatives: True of False, The GOP wants to end the estate tax because it will DECREASE deficits?
by admin ~ August 28th, 2010Don’t Tease the Panther asked:
…$1.3 trillion over the first ten years? True or False: This shows they are concerned with the millions of unemployed(5 people looking for every 1 job), and that they want to decrease the public debt?
The estate tax only applies to situations in which the estate is in the multimillions.
Keila Woods
…$1.3 trillion over the first ten years? True or False: This shows they are concerned with the millions of unemployed(5 people looking for every 1 job), and that they want to decrease the public debt?
The estate tax only applies to situations in which the estate is in the multimillions.
Keila Woods
How should I file my Fed tax return?
by admin ~ August 28th, 2010chitownlifer asked:
I was divorced in Oct 2009 and need to know what options I have for filing status. My ex has nothing to write off. I have mortgage interest and real estate taxes to write off. We both worked full time jobs last year. Should I file married or single and file a seperate return or should I file married and file a joint return?
I have 1 child from a prior marriage whom lives with me.
Burt Mccarn
I was divorced in Oct 2009 and need to know what options I have for filing status. My ex has nothing to write off. I have mortgage interest and real estate taxes to write off. We both worked full time jobs last year. Should I file married or single and file a seperate return or should I file married and file a joint return?
I have 1 child from a prior marriage whom lives with me.
Burt Mccarn
My mother in law passed away in April. I am receiving 25,000 from her estate. Do I owe income tax on this $?
by admin ~ August 27th, 2010I read that you can buy real estate from the city if someone doesnt pay their property tax. is it true?
by admin ~ August 25th, 2010misstiff asked:
If someone doesn’t pay their property tax, then the city will place a lien on their home, until they pay. If they still don’t pay the city will put it up for sale, just for the price of their property tax bill that they owe. Is this true, if so, is it also true that anyone can buy it? Where do you find out about these sales?
Samuel Wannamaker
If someone doesn’t pay their property tax, then the city will place a lien on their home, until they pay. If they still don’t pay the city will put it up for sale, just for the price of their property tax bill that they owe. Is this true, if so, is it also true that anyone can buy it? Where do you find out about these sales?
Samuel Wannamaker























