125 votes
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

It looks to me like this is a 'call an attorney' situation, which is always a good idea in situations like this (family legal disputes). But, some information. First off, if your family is going to ...
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60 votes
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Opportunity to buy Illinois bonds that can never default?

"Can't declare bankruptcy" isn't the same as "can't default". Bankruptcy is a specific legal process for discharging or restructuring debts. If Illinois can't declare bankruptcy, that means it will ...
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36 votes

Opportunity to buy Illinois bonds that can never default?

If Illinois cannot go bankruptcy This is missing a few, very important words, "...under current law." The United States changed the law so as to allow Puerto Rico to go into a form of bankruptcy. ...
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  • 20.8k
27 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

If you've been paying on the car for three years, it's possible that your credit is in a place where you don't need a co-signer any more. See if your bank will re-fi with you as the sole debtor. If ...
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  • 666
14 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

You're driving a car worth about $6000 which has a $12,000 loan against it. You're driving around in a nett debt of $6000. The best thing your grandfather could do for you, if possible, is to take ...
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  • 807
13 votes

Opportunity to buy Illinois bonds that can never default?

If you give money to a person or entity, and they don't have the ability to pay you back, it doesn't matter if they are legally required to pay you.
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  • 2,073
11 votes

Opportunity to buy Illinois bonds that can never default?

Sovereign immunity is the state's ultimate "get out of bankruptcy free" card. After all, the state has a hand in defining what bankruptcy even is in their state. Federal law is a framework, states ...
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7 votes

Official Bank Check

The legal department at the Bank left me a message telling me that the bank check was paid & the recipient got the funds. Call up the bank and find out who the recipient was. Generally it can ...
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  • 56.5k
6 votes

Won an incentive trip in 2013, left employer in 2014, received an earning statement with no cash but a huge tangible bonus listed

I had experience working for a company that manufactures stuff and giving products to the employees. The condition was to stay employed for a year after the gift for the company to cover its cost (I ...
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  • 127k
5 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

My grandmother passed away earlier this year. When I got my car 3 years ago, I did not have good enough credit to do it on my own or have her as a co-signer. We had arranged so that my grandmother was ...
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  • 159
4 votes
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Property Tax Deduction When Selling a Home

For property tax, you deduct the tax in the year that you actually pay it. So if you paid property tax during the year in 2015, and then you paid property tax again in November 2015 at closing (even ...
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4 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

I think Joe is right, it seems that you will get the car once grandpa passes. It clearly states that on the DMV page. I would work like crazy to get this car paid off ASAP. Work extra and see if ...
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4 votes

Am I eligible to be fully vested?

Typically, companies have 3-4 year vesting schedules, which are orthogonal to why you separated from the company. Given that and the numbers you showed, I'd say that you are only fractionally vested ...
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4 votes
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USA | Error in Online filling IL state income tax return

I enquired about the same situation with Illinois Income Tax department through contact form on their site. There response was that you need to file it in paper for the first time. Please see the ...
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3 votes

Mortgage documents vs Credit report: am I mortgage-less now?

Go to your local tax assessors office or recorder of deeds. They should be able to tell you who holds the title and give you a copy. In fact, a lot of this information is available online just by ...
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  • 225
3 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

My family members, particularly my aunt (his daughter), are telling me that when my grandpa dies they are taking my car. Bring this up with Grandpa. If this is what he wants to have happen, then ...
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  • 1,770
3 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

I was in a similar situation about a year ago, and the expedient thing to do would be to remove your grandfather from the Title. He would probably have to agree with this, but I think he will if you ...
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3 votes

Live in California but work for Illinois-based company

California and New York are very aggressive when it comes to revenue and taxes. As such, mere having an employee in these States creates a nexus and tax/filing liability for the company. @Adam Wood ...
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  • 127k
3 votes
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Chicago landlord opening security deposit account under tenant's name

In Illinois if the landlord has more than 25-units in the same complex they must pay interest to the tenant equivalent to what would have been earned at a bank. The landlord would need a W9 in order ...
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  • 62.9k
3 votes

Am I eligible to be fully vested?

You need to find the documents related to your 401(k) program. They might be available on the 401(k) site. You need to find if when they layoff an employee they accelerate the vesting schedule. ...
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3 votes

Do counties in Illinois collect individual income tax (IIT)?

A negative is harder to prove than a positive, but this page suggests that Illinois is not one of the state's that has a county-level income tax. If you need this information for decision-making ...
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  • 4,263
3 votes

Do counties in Illinois collect individual income tax (IIT)?

I focused on the state government:State and Local Taxes Imposed : Below are the State and Local Taxes that have fixed rates. State Imposed Adult Use Cannabis Cultivation Privilege Tax ... Hotel ...
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2 votes

Live in California but work for Illinois-based company

They might be concerned with having to charge sales tax in California if they have a single employee in California, creating a nexus situation with CA. If that's the case, or even if there is some ...
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2 votes

Paid My Property Taxes Late--In Which Year Do I Get the Deduction?

Per IRS Topic 503 (http://www.irs.gov/taxtopics/tc503.html), you can only deduct the tax during the year you paid it. Since you paid the tax in 2015, you will have to wait until next year to include ...
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  • 924
2 votes
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Paid My Property Taxes Late--In Which Year Do I Get the Deduction?

If you paid them via government website, mailed a check, or authorized a credit card after 11:59 PM on 31 December 2014, you have to count them as a 2015 deduction. If it was by credit card, it ...
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2 votes

How should I respond to an IL 2012 "Notice of Proposed Tax Due"?

In my experience, such notices are often incorrect (having received one recently from the IRS for > 20,000). This requires some work, but shouldn't be a big deal. The form itself with that comes ...
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  • 21
2 votes
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Does The (US) 'First Time Home Buyer's Credit' Still Exist?

It appears that there is some kind of a state-sponsored program in IL, not sure about the details. It is not a tax credit, though. Read about it at the IHDA website. First-time homebuyers in Boone, ...
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  • 127k
2 votes

Official Bank Check

How? Basically all banks nowadays allow online deposits from a smartphone - you take a picture from the front and back of the check, and submit it, and that's it. You still have the paper check, and ...
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  • 36.7k
2 votes

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

The lead story here is you owe $12,000 on a car worth $6000!! That is an appalling situation and worth a lot to get out of it. ($6000, or a great deal more if the car is out of warranty and you are ...
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