Tax File Memo
Question: Am I the legal owner?
I received a warranty deed for a property as the sole owner. I applied for a mortgage to pay delinquent taxes and the private debt to the grantor. When asked, the grantor told the title company nothing was owed. I got a loan/mortage.The grantor had not filed a lein/trust deed. Now that I have a real first mortgage, the grantor wants to foreclose because I owe a balloon payment that was recorded as a memo before I received the warranty deed. Who is on first?
Answer: My gut instict is that you will win. However, there really isn’t enough information in your question for a definitive answer. You need to see an attorney right now. You should have received a title insurance policy when you closed (assuming you closed through a title company or an attorney. If you don’t have a title insurance policy, you just learned a very valuable lesson: always get title insurance.) The title insurer should defend your suit at no cost to you – that is what the insurance is for. You may have to hire your own attorney at first, depending upon what precisely the seller does, and then have the insurer’s counsel take over the suit later.
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Gross Income Test
Question: Can I e-file my 1040 this year when I filed a 1040NR last year?
Hey,
In 2008 I was here in the US on a J-1 visa, so I filed a 1040NR. In January 2009, I switched over to a H-1B visa and according to the substantial presence test I can file a 1040 for 2009 as I am a US resident for taxpayer purposes (been here the whole year). My question is, can I e-file using internet software? The tax software asks me for the adjusted gross income of 2008 and the file type of 2008, but only offers 1040, 1040A, 1040EZ and 1040X, but not 1040NR. So the question is, is it possible to e-file?
Thanks, Lutz
I haven’t paid yet. I am using the online version of TurboTax where you pay in the very end. What consequences can there be if I do what you suggest?Answer: If you have already paid for the software, I’d just select 1040 and see if it goes through.
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Analyzing the Income Statement
Gross Income Calculator By State
Taxes 101: H&R Block Gives High School Students, College Graduates First-Job Tax Tutorial
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Average Gross Income United States
Question: What is the number of High School Graduates In 1970?
Also the gross average family income in the United States. Thanks!
Answer: 1,234,435
$45,231.23
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Gross Income To Net Income
Question: On an application to rent/lease, do they want net or gross income?
It doesn’t specify whether they want income listed before taxes or after taxes…does anyone know the norm for which they would prefer?
Answer: Gross is norm unless it specifies Net.
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