Recent content by Tax Counsel

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    Price of Forever stamps going up!

    Bear in mind that rates for competitive services, like priority mail, are not subject to rate limits set by the Postal Regulatory Commission (PRC). The USPS merely needs to advise the PRC and the public prior to the rate change. The services that the USPS must get approval from the PRC are...
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    paternity testing

    What is your goal? Are you paying child support and want that support obligation terminated? Is the mother pursuing a paternity case and child support? Is there any court order mandating you do anything with regard to the kids? Do you want to cut off the possibility they will pursue a claim on...
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    Police tailgating. ?

    My thoughts are when driving any vehicle in the U.S. make sure that (1) the car is properly registered, you have the proper sticker on the license plate for it, and that you have a copy of the current registration with you; (2) you have current driver's license from your state of residence and...
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    I had a package sent to me from England about a year ago and have not recieved it

    You haven't told us any facts so there's not much anyone here can give you b way of advice. All you've said in terms of facts is that you expected to receive a package from the UK about a year ago. You've said that you don't know the value of the package, but think it's worth between $1million...
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    LLC and Trust

    No. You don't have business. You co-own property together. Just having a LLC doesn't mean you need to file a Schedule C or a partnership return.
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    LLC and Trust

    Yes, so long as you're not generating business income and are both alive or until some event occurs that makes the trust no longer eligible to be a grantor trust.
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    LLC and Trust

    Is the trust a grantor trust (a revocable living trust is the most common type of grantor trust)? If the answer is yes than no federal income tax return will be required because under federal income tax law a grantor trust is a look-through entity like the LLC. All of the income, deductions, and...
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    adding a house to a Trust

    Your post tags your state as Texas. Texas is a community property state. That means the spouses together own all the community property they have, even if only one spouse's name is on the deed. If you were to transfer all you interest in the home to the trust without the participation of your...
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    LLC and Trust

    In general, when a LLC is owned jointly and is formed in the U.S. then for federal income tax purposes it is classified as a domestic partnership. Partnerships file form 1065 to report the income, deductions, and losses of the partnership and show the allocation of those items to each partner...
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    Florida HOA sued by family of victim in Airbnb triple homicide

    It's just the way English has developed in this country, as I think you well know. :D Today's English as used by the young often violates the rules of grammar I learned decades ago. I finally stopped attempting to correct them on it and accept that they consider their use to be perfectly fine...
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    Florida HOA sued by family of victim in Airbnb triple homicide

    As we bth have noted there's a lot of information we don't know. Normally it would be the actual homeowner I'd look to first as well. But the fact that they are suing the HOA suggests to me that this HOA may have had a direct role in the rentals. For example, in the resort areas not far from me...
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    Postmaster general confirms plan to block ballots in states that balk at Trump’s demands

    It won't ever go into effect. There are already court actions for an injunction to prevent the post office from interfering in voting. This isn't one Trump can win. The USPO has no authority to screen mail and decide which to deliver and which to block other than packages containing illegal...
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    Florida HOA sued by family of victim in Airbnb triple homicide

    I see it rather differently. I'd want more details before deciding just how viable the lawsuit is. However, just based on the news article, it is not ridiculous to say the HOA had a duty to at least warn the short term renters of the neighbor's violent history. It knew the man had problems, and...
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    100 Hilarious Jokes, Because No One Is Too Old to Laugh!

    The ABA simply set model rules that the state bars could follow, or not, as they wanted. While most states followed the ABA model rules on a lot of things, lawyer advertsing was always one where you'd see more variation among the states. Rules regulating ads for a variety of good and services...
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    100 Hilarious Jokes, Because No One Is Too Old to Laugh!

    Denver also puts ads on its buses and light rail, and a lot of those are lawyer ads. Rafi doesn't say anything that would lead anyone to think he's any better than any other lawyer. But at least his phone number can't missed. I lived in the Philly suburbs for a number of years. That bald...
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