Texas General Contractor Back Charges Sales Tax Audit
Sales Tax Audit: Texas General Contractor Back Charges If you are a General Contractor in Texas, then you should be familiar with the term “back charges.” If you do not account for back charges properly in your records, then, the new problem that you will face is double taxation. Yes, you will essentially be charged […]
Services Taxable in Tennessee
When you think of services, the obvious thought is that a service cannot be taxable because there was no change of title of a tangible item. However, that is not always the case in Tennessee. Services specified in the law that are subject to sales tax in Tennessee include: Rental of rooms, lodging, or other […]
Married Person Owns Home In Nursing Home Medicaid Eligibility Attorney
Married Person Owns Home In Nursing Home Medicaid Eligibility Attorney Facts: Married couple with $200,000 in assets, a home, and $2,500 monthly income: CRISIS PLANNING! Mark and Tina are married. Tina recently moved into a nursing home, and Mark continues to live in the NH. Here are the combined assets: Bank accounts and CDs: $10000 […]
Single Person Owns Home In Nursing Home Medicaid Eligibility Attorney
Single Person Owns Home In Nursing Home Medicaid Eligibility Attorney Our most typical case involving a single person will be that of also owning a home with some income. Let’s use these facts: M is single and has the following assets: Bank accounts/CDs $42000 Home […]
Georgia medicaid nursing home application lawyer
Georgia medicaid nursing home application lawyer The best way to understand Georgia Medicaid nursing home planning is by way of cases studies. Let’s look at the following facts: Single person, Bob, already in the nursing home, with assets of $215,000, no home, and income of $2090/month. Assets: CD: $100,000 Bank accounts: $5000 IRAs $110,000 Car […]
Georgia Medicaid Planning Nursing Home Care and Funeral Contracts
Georgia Medicaid Planning Nursing Home Care and Funeral Contracts When we discuss countable and non-countable assets as it pertains to Medicaid qualification for nursing home care, funeral and burial contracts are also taken into consideration. Let’s recap from our prior post on countable assets. Bank accounts – Up to $1500 may be placed in a […]
Georgia Medicaid Asset Rules For Nursing Home
Georgia Medicaid Asset Rules For Nursing Home In order to determine your eligibility for Medicaid, we have to categorize your assets as countable and non-countable assets. Below is a break down Countable assets: Cash, checking and savings accounts, CD’s Joint bank accounts IRA, 401(K), 403(B), TIAA-CREF, and other retirement-type accounts Life insurance cash values (if […]
Georgia Medicaid Planning Attorney
Georgia Medicaid Planning Attorney Medicaid Crisis Planning refers to the situations where someone is in the nursing home now and we need Medicaid immediately. This type of planning has big differences when you have a single person versus a married couple. With a married couple, we can save 100% of the assets. With a single […]
Georgia sales tax audit casual sale exemption
Georgia sales tax audit casual sale exemption If you are a retailer of food and/or food services, is a one-time sale of a desk at retail subject to sales tax? Using the definition of a casual sale, the answer would be no. If you are undergoing a sales tax audit and the audit is applying […]
Small Business Reorganization Chapter 11 Bankruptcy Atlanta
Small Business Reorganization Chapter 11 Bankruptcy Atlanta The main point: It’s easier for small businesses to file a Chapter 11 bankruptcy. Prior to this change in the law, a dry cleaner would be treated no differently than Delta Airlines. That is now a thing of the past. The Small Business Reorganization Act of 2019 streamlines […]