Recent content by eloxley

What is the name of your state? Ohio (This was also posted in Bankruptcy section) Scenario: Debtors obtain mortgage to refinance in 12/04 with Bank A. Bank A records mortgage with county. In 1/05, Bank A sells mortgage to Bank B. In 2/06, Debtors file Chapter 13 and are confirmed in 5/06...

What is the name of your state? Ohio Scenario: Debtors obtain mortgage to refinance in 12/04 with Bank A. Bank A records mortgage with county. In 1/05, Bank A sells mortgage to Bank B. In 2/06, Debtors file Chapter 13 and are confirmed in 5/06, with mortgage to be paid outside the plan as well...

What is the name of your state? Ohio If a business loses a portion of its land to eminent domain, am I correct in understanding that anything they receive over and above the property's basis is taxable, if they do not purchase like-kind property as a replacement? If so, is it taxable in the...

What is the name of your state? Ohio I've been doing some research on ILITs, and have some questions. Any clarification would be appreciated. If an individual creates an ILIT, with an adult child as the beneficiary and gifts the premium payments to the beneficiary, can the ILIT still be part...

What is the name of your state? Ohio Would there be any reason for someone who did not inherit any assets as the result of a relative's passing to receive a "Waiver of Notice of Probate or Will"? The decedent had all assets in multiple trusts. The notice says it must be given to "all those...

What is the name of your state? Ohio If an employer refuses to pay an hourly employee overtime that is due, with the argument that he wouldn't be able to afford to give her extra hours if he did, isn't that a violation of FLSA? If so, can a person outside of the immediate situation report it...

What is the name of your state? Ohio Refi'd our mortgage in 12/04 with a company called Concorde Acceptance. They immediately sold the note to Citifinancial (ugh). We did a title search recently and noticed that only the Concorde mortgage is recorded - nothing from Citi. Skipping some...

What is the name of your state? Ohio I posted this question under Insurance as well, but maybe someone here may be able to help me. My father-in-law recently passed away, leaving a sizeable estate. Everyone is being rather hush-hush about the whole thing, and I'd like to have a couple of...

What is the name of your state? Ohio My father-in-law recently passed away, leaving a sizeable estate. Everyone is being rather hush-hush about the whole thing, and I'd like to have a couple of questions answered. I recall several years ago, receiving at least one notice in the mail from FIL's...

What is the name of your state?What is the name of your state? Ohio I sold my accounting practice (non-CPA) to a CPA in 1999. Per the sales agreement, the other accountant had use of my name with his in the company name (i.e His Name, My Name, CPAs, Inc.) for a period of two years. Obviously...

What is the name of your state?What is the name of your state? Ohio Hi. I purchased our home several years ago, and both the note and the title are solely in my name. My spouse signed off on dower rights, etc. He has no ties to the property, other than it being our residence. We are refinancing...