Taxes imposed on lawyers to answer general questions about the IRS Four tax questions and answers in common: help with IRS audits, taxes, taxes, salaries, and adornedDealing with the IRS and tax problems may be the worst nightmare of every person. Once the IRS has started to run after them, it may seem that it will not stop, even if they think they have what they want. Tax Lawyers are working to resolve this nightmare. Today, two tax...more
When to seek help of a tax lawyer Not everyone is a tax lawyer, but the benefits can not be underestimated when it is not necessary to use a rental. First, understand that it is preparing a difference between a tax and a person who, as an accountant or tax accountant. If you have a lawyer, everything you tell them confidential. Unlike an accountant or bookkeeper, who may be called to testify against him in court if ever tested and proved....more
Firstly, lets just get our frame of reference. These are the facts of the situation that the ATO has used: * It involves an individual taxpayer, who is less than 55 y.o. * They have made a capital gain from the sale of an active asset. * The individual is considering choosing the small business retirement exemption to disregard the capital gain.Now just to refresh, remember that the small business retirement exemption is where you can disregard the capital gains from the sale of a business active asset, up to a lifetime limit of $500,000. If you are under 55 years of age, then the exempt amount must be paid into your super fund to get the exemption.Now heres the twist in this situation:In this example, the individual wants to: * use the capital proceeds to pay out a mortgage on real property * then make an in specie transfer of the real property, instead of paying cash, to their self managed superannuation fund.What do you think ? Will they be allowed to do this ?DecisionWell, the decision was yes, they can. Specifically:If an individual chooses the retirement exemption in Subdivision 152-D of the ITAA 1997, the contribution required under paragraph 152-305(1)(b) of...more
Divorce is a traumatic experience for couples in itself and after that if your divorce lawyer costs high then it becomes a disaster. Therefore, in order to reduce the divorce lawyer costs you need to avoid certain common mistakes couples make while hiring them. The overall expenditure of your divorce can get affected by several factors which should...more
Getting involved in a divorce case is a big headache in itself and if you are going through an emotional trauma, then you need to get a good divorce lawyer for you. The marriage promises didnt work and apparently results in a divorce. However, divorce is a harsh phase for the spouses going through it because it involves lots of emotional chaos but...more
If you're a divorce lawyer practicing family law anywhere in the U.S., you probably feel like you need a degree in accounting or tax law.Figuring out the best financial options for a client going through a divorce involves a decent knowledge of U.S. Tax Code, the know-how to perform present and future value calculations and model various allocation scenarios, and a crystal ball that can predict future tax rates. If that's not downright over the top, it is often over the heads of you and your smartest associates and paralegals.Divorce Financial Software makes the job easy. At a basic level, this divorce settlement and planning software does exactly that: it simplifies financial modeling for divorces to facilitate and support your professional advice and counsel.For one thing, you can see clearly and precisely what the real-world impact of a given settlement will be. The software is smart enough to show you five settlement scenarios simultaneously , and it's sophisticated enough to only show deductions permitted in a given party's selected state. Not only will it present favorable alimony v. child support combination for the paying spouse (a huge boon if he or she is your client),...more
Investing for a Secure Future Investing has become increasingly important over the years, as the future of social security benefits become uncertain.. Also, retirement may be a long way off for you – or it might be right around the corner....more
Can a Hip Replacement Lawyer Help Me Determine If I Have a Recalled Hip System? No. The hip replacement lawyers at Rottenstein Law Group recommend that you consult with your primary care physician if you have any questions about your hip...more
Exciting Activities Await in a Retirement Community A lonely and boring life is what most people think of when it comes to retirement centers. Such people think that once people get old, a colorless and motionless life awaits them. This is not...more
Endless Opportunities Come with Retirement We get older as time flies. As much as we enjoy our youth, we cannot go back in time to be young again. There are some people who perceive the elderly as grumpy, annoying, or boring. Although some...more
Do you know that foreclosures in Hampden County,Massachusetts were up close to 50% for the first four months of 2010 compared to the same period last year?Yes the month of April 2010 has recorded a 160% plus growth of Massachusetts foreclosure.Well...more
Its not uncommon Many a well-educated, socially conscious, environmentally friendly investor winds up buying shares of companies whose beliefs and business practices are far removed from their own. Why? Most investors simply havent thought about...more