JustAnswer Blog: Legal

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Timing a short sale and your tax return

Q: If I started the short sale of my home in 2012 but it closes in 2013, will I still be eligible for debt forgiveness under the 2007 extended law? Currently I am waiting on underwriters to approve the HUD document.

A: The key date for the purposes of the debt forgiveness...

Dice near the "income tax" space on a Monopoly game board.

(Photo: Flickr/Alan Cleaver)

Basic tax facts for sole-proprietor small businesses

Q: I am a very small independent photographer who made $1,500 over the past year. How do I pay taxes on that?

A: You could be considered self-employed as a sole proprietor. You could claim the income on Schedule C when you file your personal tax return. Any expenses...

Tan Scrabble tiles spelling the word "loan"

(Photo: Flickr/Philip Taylor)

If my husband dies, am I responsible for his car loan?

Q: If my husband passes away with an auto loan in his name only, the car would be at home with me. But am I responsible for paying off the auto loan, or can I turn it back in?

A: If the loan is only in his name, then you are not responsible for the debt. His estate would...

Young woman studying in a law library.

(Photo: Flickr/Tulane Public Relations)

What does it take to become a paralegal?

Q: I am thinking about going back to school to pursue a new career as a paralegal. Can you please tell me what a paralegal typically does, and, if possible, the average salary a paralegal might make per year?

A: I have been an attorney for nearly three decades, and have...

A smiling male consultant.

(Photo: Flickr/Global Integration)

Should I set up an LLC for my consulting practice?

Q: I've started working as a "consultant" for my sister's successful small business, from time to time. She is my only client right now. Should I form an LLC or Inc. and have her pay the "business" and then I pay myself? Is there any benefit for me in doing this? We're talking about $50-...

House at dusk with porch light on. (Photo: Flickr/Paul Sableman)

(Photo: Flickr/Paul Sableman)

What conditions make a reverse mortgage workable?

Q: I am a 72-year-old widow with limited income, and I'm considering a reverse mortgage. I bought my home 7 years ago for $206K and put down $100K. I refinanced almost 2 years ago, and the appraisal came in at $160K. I still owe $103K. I'm not sure if a reverse mortgage is the way to go...

Police car stopped with another roadside. (Photo: Flickr/Highway Patrol Images)

Busted. (Photo: Flickr/Highway Patrol Images)

Officer didn't sign my speeding ticket. Is it valid?

Q: I received a speeding ticket, and the officer didn't sign or put his badge number on the ticket. I'm wondering if that is worth fighting the ticket, or just go ahead and take defensive driving when I go to court.

A: It might be worth going to trial and objecting to the...

Procession of graduating students in white robes. (Photo: Flickr/Brian Gurrola)

(Photo: Flickr/Brian Gurrola)

Ways to fight unfair actions on student loans

Q: I have a private student loan, and applied for forbearance while my private loans were being consolidated. I was not delinquent and was preparing to make my first payment. After applying for the forbearance the company (Sallie Mae) claims that I was in default and moved my forbearance...

Older car, large sedan, sitting in a driveway.

(Photo: Flickr/TexasDarkHorse)

Can I keep my frail aunt from inheriting mom's car?

July 16, 2012

Daily Answer is excerpted from the JustAnswer archives and features information provided by a Expert on JustAnswer:

Q: My mom died and left my aunt her car. However, she is 72 with a severe neurological disorder with tremors. She does not take her medicine correctly and...

(Photo: Flickr/AlishaV)

Can banks make me take off my sunglasses?

Daily Answer is excerpted from the JustAnswer archives and features information provided from a Expert on JustAnswer.

Q: Can an Arizona Credit Union require me to remove sunglasses and hat, yet allow a wig, beard, hoodie, or makeup on another customer?

A:...

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