Questions tagged [texas]

Use this tag for questions related to rules and experiences specific to the State of Texas in the United States.

Filter by
Sorted by
Tagged with
2
votes
1answer
256 views

Does a co-signer on a car loan have any ownership rights to the car?

My girlfriend recently financed a car as the primary holder and her mother cosigned it, with that it was promised (verbally) that the car was going to be for either my girlfriend or her sister. After ...
6
votes
3answers
20k views

How do I calculate the (likely) property taxes on a new home in a new area?

I live in Texas where there is no personal state income tax, but there is a significant tax on real estate. I am considering buying a new home, built to my specifications (ehh, to an extent...) in ...
0
votes
4answers
819 views

How can we force one of the joint owners of a shared property to sell it?

I live in CA. I co-own a house with my sisters. The older sister is living in the house in Texas and won't speak to us, so cooperation is not a solution. How do we get her out of the house so we can ...
1
vote
2answers
99 views

Land purchase: documentation and must knows

I am thinking about buying a lake front lot of land near my home town in Texas. The area is incorporated, but there are very few built houses around it. I am thinking about buying it as an investment, ...
1
vote
1answer
69 views

Are relocation expenses that are expensed by employers taxed at the same rate as normal income?

Since the beginning of 2018, employer paid relocation expenses are now taxed as income for the employee (me). How is this taxed, though? Is it at my normal income rate, or is it considered a bonus ...
1
vote
1answer
72 views

Secure a loan against estate in Texas

I'm a German married to a U.S. citizen, we're living in Germany. My father-in-law is retired and lives on his own property in Texas. Due to some misfortunes and health problems (and the medical bills ...
2
votes
2answers
136 views

Is it possible for me to put 50% down and my partner take out a mortgage?

I'm able to afford 50% of the house in cash, but my partner and I want joint ownership. We have considered taking out joint mortgage, but my partner's median credit score from the 3 bureaus is higher ...
7
votes
1answer
296 views

Capital gain treatment when moved to a no state income tax like Texas

I am planning to move to Texas early 2018. If I lease my California principal residence for 9 months, while waiting for my new home in Texas to be built, and then sell the California house 9 months ...
4
votes
1answer
58 views

In what order do solar (rolling) and EV (non-rolling) tax credits stack?

Location: Texas, USA. Background: This year I installed a solar system on my house and bought an EV. Both have a tax credit associated with them. The EV credit ($7,500) does not roll over to next ...
2
votes
0answers
181 views

I live in Texas and remotely work for a New Jersey company. Do I need pay NJ state tax?

I did a bit research, but am still confused. TX does not collect state tax, but NJ does. Say I have only one wage (just to simplify my case), which comes from a NJ-based company for which I remotely ...
42
votes
6answers
11k views

Can a car company refuse to give me a copy of my contract or balance details?

I have an auto loan with a car company that after looking at all possible amortizations, doesn't match what my payment should be. I'm talking with 40% interest rates, adjustable interest rates, ...
11
votes
1answer
4k views

At what point does a rate bait and switch become fraud?

I'm currently in the process of buying a house. Once the price was negotiated and agreed upon, I solicited quotes from various mortgage brokers. One offered a lower rate than the others, so we picked ...
0
votes
1answer
65 views

Business income tax vs sales tax

I live in the state of Texas. I know that Texas Taxpayer ID must be filed quarterly. What about business income tax? Is this filed annually? Also, please verify that my understanding is correct. ...
16
votes
2answers
7k views

I feel I'm not getting paid completely. Do these numbers add up?

This is my following pay statement for a 2-week period: I worked in total 183 hours in a 2 week interval, my questions is why am I getting paid to little for overtime? 183-80(hours of regular)= 103 ...
5
votes
2answers
664 views

Unethical, Illegal, or Business as usual? When negotiating a Mortgage Contract, can details of open Contracts on comparable properties be disclosed?

I'm currently negotiating a contract for a home via my agent and a listing agent. As part of the negotiations, the listing agent has disclosed details of another contract that his colleague is the ...
2
votes
1answer
187 views

NSF Check and Cash Advance

Here is the situation. I wrote a check and at the time thought it would clear. Two days after, I realized a new payment posted making my check NSF. I have checked my online banking account and ...
7
votes
2answers
392 views

Am I entitled to pay if my last day falls on a holiday?

I worked for a large corporation in Texas, USA. I put in my two week notice and it just so happened that my last day fell on Good Friday. So, I was forced to turn all my equipment in on Thursday since ...
3
votes
1answer
434 views

Where to find actual legal code for Uniform Gifts to Minors Act (UGMA)?

Does anyone know where I can find the actual legal code for UGMA in Texas and the US? I can only find a bunch of sites that quote bits and pieces of the code. I couldn't find anything in the Texas ...
2
votes
0answers
57 views

Taxes on Federal Pension in Puerto Rico Non-Resident?

I'm a federal retiree with a federal pension and I'm a resident of Texas. I'm only taxed federally on my pension, as Texas does not have a state tax. I have been offered a year contract in Puerto ...
10
votes
3answers
5k views

How should my daughter give me money. Do I need to report it?

I am from Texas. My daughter wants to give me about $13,000. What is the legal way of getting that money and do I need to report it on my income tax? My state does not have state income tax, only ...
-4
votes
2answers
74 views

using deed's of trust to negotiate for higher prices for land sales

It seems like Deeds of Trust's for real estate properties (which are public records) include the loan amount on them (assuming a loan was obtained for the purchase of the property). Obviously this ...
2
votes
0answers
213 views

Living in Texas and remote working for job in NC. Should I pay state taxes for NC?

I am full time resident of Texas where there is no state tax but I am remote-working for company located in NC. Do I need to pay state tax for NC? Please help. Thanks in advance.
3
votes
1answer
120 views

House sales and capital gains - primary vs secondary

State: Texas I have two houses. I don't treat them as primary or secondary, they are both occupied. I am keeping them while I can, waiting for the value of one of them to go up sufficiently so I can ...
4
votes
2answers
214 views

parents doing a downpayment on a house

The IRS let's you gift up to $14,000 to someone without the recipient having to pay taxes. So let's say my parents did the down payment (40%, let's say, of the houses value) of a house for me and I ...
64
votes
10answers
16k views

Apartment I never lived in is collecting against me. Recourse?

I was looking at apartments a year ago, and found the "perfect" apartment online. However, I couldn't go look at it until the following weekend. Unfortunately, the apartment had already been listed ...
6
votes
3answers
686 views

What are the transactional costs when buying and selling a house?

I am trying to breakdown all transactional costs related to buying and selling a house as well as their numerical values. For instance, the agents get around 3% in commission each, the inspection ...
0
votes
2answers
1k views

Is there any reason to add my spouse to home title?

I am about to move to Texas and am under contract to purchase a house with 100% cash. I went on the house hunting trip alone so my wife is not listed in the contract. My realtor suggested that I ...
1
vote
2answers
380 views

How to fill out form W4 when I'm earning $1600 extra income per month?

August 22 was my last day at a job that paid $76,000 / yr. Afterward, that job is supposed to pay me $400 / wk for consulting for $1,600 / month. At the new job (which I started on Aug 26) I'm making $...
1
vote
1answer
184 views

Are all sellers required to comply with the FTC's Cooling-off rule?

I live in Texas, but the Texas rules seem to mirror the US CFR in this instance. Under 16 CFR Part 429 (and Texas Business & Commerce Code Section 39), there is a so-called FTC Cooling-off rule ...
1
vote
2answers
129 views

First Time Home Buyer & Tax Return

I bought my very first house in September '13. I'm filing my taxes this month through H&R Block online and I didn't notice my home owner deductions. Just the standard amount I usually get prior ...
5
votes
1answer
1k views

Debt sold after 5 years in collections

So for a not so dumb reason 5 years ago I decided not to pay a utility bill (charged me $300 for 2.5 days of service when my normal bill was < $100). Fought with them back and forth and told them ...
3
votes
3answers
296 views

One lease owner continues while other moves out

I was sharing a lease with another person in the apt. and the other guy for the last year. Now with the new lease I'm the sole lease owner. The problem is since I continued lease, the other guy is ...
1
vote
2answers
132 views

Is health insurance a wash in this case?

Let's say one makes 50k per year base at a company that pays 100% of the cost of a 10k per year medical plan. Now, a different company pays 0% for their similar 10k health care plan. The base pay is ...
2
votes
2answers
258 views

What banks or credit unions local to Texas are most convenient?

I'm researching credit unions and banks in Texas due to the recent announcement of Bank of America's $5/mo fee for debit card use. I'm very mobile. I live in College Station, TX, primarily, but have ...