210 legal questions have been posted about taxation by real users in Michigan. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include estate and gift taxation, income tax, and tax audits. All topics and other states can be accessed in the dropdowns below.
Taxation
Michigan
Recent Legal Answers
It's nice that you want to honor your father's wishes but you are not legally obligated to share the money from the POD account with anyone. POD... Read More
The answer is no as this may cause the estate additional expenses, and shouldn't be done.. If you want to make gifts of funds received as a result... Read More
You can distribute the money to the other family members, but be aware that the IRS will take the position that you personally are making a gift to... Read More
Whether or not you would need a business license would most likely depend on your locality. For tax purposes it would be self employment income and... Read More
If he adds you to his bank account, he is making a gift to you. If the value of the account is large enough, this is a gift subject to gift tax. ... Read More
Your best bet will be to go to the human resources department and have the error corrected.
See a tax attorney or an accountant with the details. The IRS considers forgiveness of debt income but there are exceptions.
Debts made I collectible by bankruptcy are not considered imputed income. For your own good, see an attorney BEFORE you file for counsel.
You cannot discharge taxes in bankruptcy.
The garnishment is limited to 25% and the state is just getting in line.
Call for an appointment, we will get you an accountant who will work for the firm and therefore be subject to the attorney client confidentiality... Read More
Inheritances are not taxable income. If, instead, it is a retirement plan account, then it is ordinary income.
Alimony received is taxable income. Alimony paid is deductible. Child support is not taxable income and is not deductible. However, it counts as... Read More
Assuming that your question concerns taxes upon the death of the original owner, that would depend on the state of residence at the time of their... Read More
You should take all the details and engage in attorney if you think you have been wronged. Other than that I cannot fully understand your question.
Depends on relevant agreement, court orders and who pays a majority of the total cost of support.
You can petition the court for whatever you would like, problem is, will the Court grant.
I would have to see the judgment, it will control.
Generally, income from the trust in the United States would require payment of the United States taxes by the trust, not necessarily yourself. As... Read More
The person who claims the triplets as a tax exemption must have provided over 50% of their support over the period of the tax year in question.
Check the Secretary of State Office/website and the County Recorder where the house is located for federal and state tax liens.