The IRS Audit Blog

Posts Tagged ‘tax attorney’

No tax plan, Osage chief insists

The chief of the Osage Nation denied Monday that the tribe would tax non-Indians in Osage County if it wins a court battle against the Oklahoma Tax Commission.

683-MUS #12……Montana FREEMEN in court……….

Question: What aprox. does attorney fees, taxes, title cost when paying cash for a home?

Answer: Figure on 3% of the purchase price and you should be ok.

Marshfield city attorney rebuts Sunshine Law breach

Marshfield City Attorney David “Chuck” Replogle showed the Board of Aldermen examples of case law Thursday, Jan. 14, that he said prove the city legally closed a meeting three weeks earlier.

Estate Planning Attorney Talks About How Much Estate Planning Costs

Question: Father is giving me a loan on my 2nd mortgage, how do I set this up without any attorney/bank fees?

We want to make it official, where he will claim the interest on his taxes, and I will claim the interest paid as deductions on my taxes. How do I do this with him without having to pay the costs of attorneys/bankers/title lawyers? Is there a free easy way of doing this?

Answer: Prepare a note and a deed of trust. Normally, it’s best to have a real estate attorney to look over the documents, to make sure everything is in order, but there are blanket forms that you can use where you can fill it out yourself. It’s important that once you finish signing the Deed of Trust that you take it to your County Clerk’s office and have the document recorded. This will cost money, but it’s they way to make the document public record and puts an official lien on the property. Find a good real estate attorney, or a title company attorney, and normally they can work one up for you for about $50-$75 a document. Recording the Deed of Trust may be $40-$100, depending on the length of the document, and your clerk’s recording fees.

Another sales tax referendum after Wild Places & Public Spaces?

By Christopher Curry Staff writer Eleven months before the Wild Spaces & Public Places half-cent sales tax expires, talks are under way about the possibility of a voter referendum on another sales tax to follow directly on its heels.

Divorce Advice : Can I Deduct Divorce Attorney Costs?

Question: Why would Matt Murphy, the guy with Barry Bonds 756 home run ball want to sell. Keep it until Bonds retires?

If he sells it, he will be taxed on the money he receives. Think he better talk to a CPA, tax preparer or attorney before he sells it. He’s better off waiting, put it in a safe deposit box, then when Barry retires, sell it then. Having to give at least 40% to the government is ridiculous. Safe deposit box is cheaper and Barry is still playing ball.

Answer: He’s going to be taxed on the value of the ball, whether he sells it or not.

So he can’t afford to keep it.
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Rapid-refund loans dwindling

Getting your tax refund quickly using a rapid-refund loan has gotten more difficult for the second straight year. That may frustrate the customers who are turned down for these expensive short-term loans. But consumer advocates say it’s good news.

Tax Strategies by Sandy Botkin, CPA, Attorney

Massachusetts Governor Patrick Vows Jobs Amid Republican Gains

Jan. 22 (Bloomberg) — Massachusetts Governor Deval Patrick said he laid the groundwork for the state economy to rebound from the highest jobless rate since 1976, as he prepares to seek re-election amid growing support for the Republican opposition.

Attorney Jobs Boston