Category: FAQ

  • What is the time frame in which an IRS audit can reach back?

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    It largely relies on the findings made by the IRS in the initial audit. Usually, the IRS has the authority to scrutinize tax returns from the past three years. Nonetheless, if an error is discovered during the audit, the IRS can look back up to six years. There are uncommon instances where they might delve…

  • Who is authorized to act as my representative with the IRS?

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    Only specific professionals are authorized to serve as representatives for taxpayers before the Internal Revenue Service. This list includes Certified Public Accountants, legal professionals, and Enrolled Agents. Will Harmon possesses all three qualifications, guaranteeing comprehensive representation from every perspective.

  • How much time does the tax authority have to collect outstanding taxes?

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    In general, the tax authority has a period of ten years from the assessment of your tax to pursue it. After that, they are legally prohibited from doing so. It is crucial to file your taxes on time to prevent any delays during the assessment period.

  • What is the Role of a Tax Attorney?

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    Tax lawyers assist their clients in navigating and adhering to the intricate system of tax regulations. They also advocate for clients in tax-related conflicts.

  • How much can I expect to be compensated for my case?

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    The amount you may receive as compensation depends on the type and extent of the incident, and whether the harm was caused by another party’s negligence or happened while working (workplace compensation). A claimant could potentially obtain reimbursement for income loss, medical costs, future medical expenses, loss of earnings, future earnings, and emotional distress.

  • What Should I Do if I Meet in an Auto Accident?

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    Immediately seek medical attention for your injuries. Obtain as much information from the other driver(s) as possible, including their name, address, phone number, insurance company, policy number, driver’s license, and license plate. Be sure to insist that a report is completed by a law enforcement officer and get a copy. You can also take pictures…

  • What are Inheritance Taxes?

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    You have already learned that the process of distributing assets after someone’s passing can be costly and time-consuming. In addition to that, your family may be subjected to an inheritance tax, which is essentially a more polite term for death taxes. There are two types of inheritance tax: state and federal.

  • What is the definition of the Unlimited Spousal Deduction?

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    The US government has granted an exemption for all transfers of assets between married partners, in addition to the $5,490,000.00 exemption for federal estate taxes. This exemption, known as the Unlimited Spousal Deduction, implies that, regardless of the size of the estate, no taxes are due when the first spouse passes away. However, it is…

  • What is the definition of Ancillary Probate?

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    Ancillary probate refers to the requirement of initiating the probate process not only in the state where the person passed away, but in every state where they had real estate holdings. This legal procedure is referred to as ancillary probate. Each state possesses probate jurisdiction over the real property situated within its boundaries. Consequently, the…

  • Why is Joint Tenancy not recommended?

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    Joint tenancy occurs when two or more individuals hold title to a property, and upon the death of one owner, their interest automatically transfers to the surviving joint tenant(s). Joint tenancy is formally known as Joint Tenancy With Right of Survivorship (JTWROS). The concept of right of survivorship means that the longest-living individual ultimately becomes…

  • What is a taking?

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    A taking is when a government exercises its power of eminent domain to acquire ownership of either a portion or the entirety of your property.

  • Who has the power of eminent domain?

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    The right to exercise the eminent domain power is delegated by the state legislature to the agencies of government and implemented as provided by laws enacted by the legislative body. Numerous sections of the state statutes authorize various governmental entities to use the power of eminent domain for specific purposes including counties, municipalities, regional transportation…

  • How can the exercise of government’s eminent domain power impact individuals?

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    The exercise of eminent domain power by the government can impact individuals if their properties happen to be situated within the trajectory of initiatives like road expansion, establishment of new roads, drainage enhancements, or the construction of public amenities such as parks, schools, correctional facilities, institutes of higher education, airports, and various other projects.

  • What are compensation damages post-acquisition?

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    Compensation damages post-acquisition refer to the decline in value of your remaining property due to the takeover.

  • What does the term “highest and best use” refer to?

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    The term “highest and best use” is defined by real estate appraisers as the most profitable and suitable utilization of a property, which it is capable of accommodating and is currently or likely to be needed in the near future.

  • How can I locate an appraiser for my eminent domain case and who should I consider as my appraiser?

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    Your legal representative familiar with eminent domain matters is acquainted with qualified and seasoned appraisers specialized in eminent domain cases. Your legal representative will connect you with an eminent domain appraiser who is suitable for your case.

  • Who bears the cost of engaging an appraiser and other experts to assess my case’s value?

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    The party undertaking the condemnation is obligated to cover the reasonable fees and expenses of the experts you hire in order to have them evaluate your case and determine the appropriate value for the acquisition.

  • What are some of the most common employment laws?

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    ? The Minimum Wage Act regulates minimum wage. Your state’s minimum wage may not reflect the Federal minimum wage. Your employer is required to pay you the higher of the two.? Discrimination due to your race, sex, religion or disability is prohibited. These rules are enforced by a government agency. In order to be covered…

  • What actions are prohibited during the hiring process?

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    Interviewers should refrain from asking about any factors protected by discrimination laws, such as race, sex, or religion. Inquiries regarding age should only pertain to whether the candidate is 18 or older. Additionally, interviewers should avoid questioning candidates about their marital status, intentions or plans to have children, personal alcohol or drug habits, and citizenship…

  • What are my rights to privacy at my workplace?

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    In today’s technology-driven era, the primary concern regarding this matter relates to any actions performed on a computer provided by your employer. When using such a computer, there are hardly any regulations in place. Employers possess the ability to monitor all communications conducted on these devices. Until regulations are brought up to date with advances…

  • Why is a revocable living trust highly recommended by a firm and other estate planning companies?

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    What are some reasons for creating a Revocable Living Trust? What advantages does a revocable living trust offer? Assets placed into the trust are not included in the probate estate. The trust has the ability to provide for minor children by distributing income/principal amounts periodically or at the trustee’s discretion. The trust is amendable or…

  • What is a pour-over will?

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    A pour over will instructs that any remaining property not specified in the will should be transferred into the trust.

  • What do I need to establish in order to win my medical malpractice case in the state of Florida?

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    To succeed in a medical malpractice case in Florida, you must demonstrate two key elements. First, the healthcare provider must have breached the accepted standard of care. Second, you need to show that the patient suffered harm directly caused by that act of malpractice.

  • What is the average timeline for obtaining a divorce in Florida?

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    Every case varies. Uncomplicated, uncontested divorces may take several weeks. There are multiple factors that can extend the process to several months or even longer. For instance, the valuation and division of marital assets can be time-consuming. If the divorce is highly contested, your spouse might employ delay tactics or engage in protracted court proceedings.…