Read Past Q&As
Dear Money Doctor, I am a New York resident. What is the tax implications to me and my relative if my relative sends me cash gifts from overseas? The relative is a resident of Hong Kong and not associated with USA at all.
Submitted Sep 17, 2014
My question is do i need both general power of attorney and durable power of attorney or will durable power of attorney take the spot of the general as well? Thank you!
Submitted Sep 16, 2014
I have $132000 in student loan debt. I have a home that I purchased in 2006. I have moved because of my job and have been renting the home for the past five years. Due to some pat late payments my credit score is fair. I have six months before I begin repaying my student loans. Would it drastically Jmprove my score if I were to sell my home? I know it would greatly...
Submitted Sep 13, 2014
If I work abroad for 330 days in Dubai and our US government demands we pay income tax above the $92500 we make how can we offset the income tax expense that our US government imposes on us? What can we buy etc to help offset it?
Submitted Sep 10, 2014
if i am a owner of my life insurance can i change the beneficary without telling the beneficary and do i have to sign anything to do this
Submitted Sep 7, 2014
I just became a US green card holder in Jan 2014. My parents are Canadian citizens living in Canada and own a house in Canada. My parents are 70 and are thinking passing the house to me. What will be the implications if my parents transfer the title of the home to me, will there be taxes immediately? What other things should my parents and I be concerned...
Submitted Sep 2, 2014
I am divorced my husband had a annuity with the union I am receiving half the union is suggesting I leave the money in an account they make once the annuity is split however I would like to take some of the money out Is there a another option so I don't have to pay 20 percent taxes or the ten percent penalty the amount is 80,000 approx and I would like to put the...
Submitted Sep 1, 2014
I have been a resident of Calif for approx 45 yrs. I am retiring and plan to live in Washington state. I will still have a rental unit in Calif. Will I have to pay state income taxes in Calif? If I do not have a rental income in Ca, will I still have to pay income tax for Ca? thank you, Patt
Submitted Aug 27, 2014
Me and my husband are in need of help, I think we bring in more than enough money every month to survive but it seems like we are always behind with our debt, how can we get ahead if we can't catch up
Submitted Aug 27, 2014