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176 votes
Accepted

How to deal with the credit card debt from family member that has passed away?

Don't pay it, see a lawyer. Given your comment, it will depend on the jurisdiction on the passing of the house and the presence of a will or lack thereof. In some states all the assets will be ...
Pete B.'s user avatar
  • 77.1k
102 votes

What should I do if I lost money in a scam?

I would imagine that it is unlikely that you will ever see this money again. Here are some things you can do. Contact your local police. You have two complaints: the money being taken, and the ...
Ben Miller's user avatar
  • 116k
58 votes

How to deal with the credit card debt from family member that has passed away?

First, when a debt collector says, "It's to your advantage to give me money now", I'd take that with a grain of salt. My ex-wife declared bankruptcy and when debt collectors couldn't find her, they ...
Jay's user avatar
  • 22.8k
50 votes

What should I do if I lost money in a scam?

Nigerians don't have Wells Fargo accounts It's pretty easy for foreign scammers to get a US phone number or email. A domestic bank account is a little harder. Very likely the direct contact is a ...
Harper - Reinstate Monica's user avatar
33 votes

What should I do if I lost money in a scam?

You should immediately tell your bank you've been scammed, request for the transactions' cancellation or revocation and get back most - if not all - of the money transferred. I've placed numerous ...
the.1337.house's user avatar
25 votes

How to deal with the credit card debt from family member that has passed away?

Debts do not inherit to the children. You are absolutely not liable for your parent's debt, in any way whatsoever. ** Collection agents will lie about this; tricking you is their job, and your job is ...
Harper - Reinstate Monica's user avatar
13 votes
Accepted

Will there be more tax deductions if I put the house completely under my name, versus doing a joint ownership?

Unintended Consequences - Yes, to T.M.’s addressing the tax issue. But. “Put the house under my name” implies a gift. Mom is gifting you the house. Along with its basis. Which means, when mom dies, ...
JTP - Apologise to Monica's user avatar
11 votes

How to deal with the credit card debt from family member that has passed away?

Sorry for your loss. Like others have said Debts cannot be inherited period (in the US). However, assets sometimes can be made to stand for debts. In most cases, credit card debt has no collateral ...
unknownprotocol's user avatar
8 votes

What should I do if I lost money in a scam?

Accept that the money's gone. It could, as others have mentioned, been a lot more. Learn. Make sure your son (and you!) have learned the lesson (at least try to get something out of the $650). The ...
PeteW's user avatar
  • 81
8 votes

Will there be more tax deductions if I put the house completely under my name, versus doing a joint ownership?

If you don't itemize and wouldn't gain any benefit from itemizing the whole property tax amount, then it doesn't matter how much of the property tax you could deduct since it wouldn't lower your taxes ...
T. M.'s user avatar
  • 1,523
8 votes
Accepted

Is it normal for an apartment complex to raise the rent on a long term tenant while listing identical vacant units at their original price?

Unfortunately, yes, this is common. The landlord thinks you are "locked in" and likely going to stay for a while, instead of move out. A modest increase in rent can be expected yearly, but only if ...
computercarguy's user avatar
7 votes

How to deal with the credit card debt from family member that has passed away?

First off, very sorry for your loss. I lost my father a few years ago and I know it can be tough. My father also had a lot of credit card debt. They attempted to collect the debt from my mother, who ...
curt1893's user avatar
  • 211
7 votes

What paperwork do I need to sell a car for $30k cash in New Jersey and deposit the proceeds into my bank account?

You don't need any paperwork other than a deposit slip to deposit the cash into the account. The BANK will need to fill out a form to help the Government detect money laundering, counterfeiting and ...
JohnFx's user avatar
  • 53.1k
6 votes

Auto Lease Payment Increase after moving to another state

From state.nj.us: Property Leased in New Jersey Transferred Out of State If a lessee transfers property leased in New Jersey out of State, and the lessee paid New Jersey all the Sales Tax ...
CactusCake's user avatar
  • 3,463
5 votes

Family who did not make the car payments as a cosigner

IANAL, but as your husband's name is on the contract so he's responsible for making the payments, and the court will tell your husband that he shouldn't have signed for the car in the first place -- I ...
dvniel's user avatar
  • 1,217
5 votes

Can an estate be forced to reimburse a life insurance beneficiary?

You may find this site helpful. You are correct that life insurance proceeds, accounts held jointly, or accounts with a named beneficiary pass outside of probate. Those kinds of things are not an ...
Pete B.'s user avatar
  • 77.1k
5 votes
Accepted

Will not receive 1095-A for federal taxes

I bought a health care plan on a state exchange but do not receive a subsidy and so did not receive a 1095-A form You should have received the form 1095-A regardless of whether you received a subsidy ...
littleadv's user avatar
  • 178k
5 votes

How much would it add to my electricity bill to turn on my bathroom's water heater in my condo? In Atlantic City, New Jersey

For the past few decades, US law has required water heaters and other major appliances to ship with a big yellow "Energyguide" label which shows estimated annual energy cost. If somebody ...
user71659's user avatar
  • 3,644
4 votes

Still list parents' house as permanent residence while renting apartment

You can always lie and say you live in a different place, no-one but you can prevent you from doing stupid things. You need to remember that tax fraud is a criminal offense and you may end up in jail ...
littleadv's user avatar
  • 178k
4 votes

Why do I have to pay taxes to NJ when my company is located in NY and I live in NY?

The basic rule is that you owe taxes to the state where you do the work. In some cases the states can ignore it if the number of hours is small, though each state can define small differently. Other ...
mhoran_psprep's user avatar
4 votes

Increase in auto policy premium after removing 3rd car

Car insurance premiums change continuously, and anytime you make a change to your policy the insurance company has an opportunity to adjust your rates. Fortunately for you, there are lots of ...
Ben Miller's user avatar
  • 116k
3 votes
Accepted

Do I not have to pay state tax on capital gains on my stock sales?

According to the NJ-1040 instructions: Line 19 – Net Gains or Income From Disposition of Property Complete Schedule NJ-DOP and enter the amount from Line 4. If the amount on Line 4 is a loss,...
mhoran_psprep's user avatar
3 votes

Do the dividends in NJ's 1040 include both the ordinary dividends and qualified dividends from the federal 1040?

Meta: all Federal references for 2017 or earlier; the Trump administration plans to 'simplify' the basic 1040 for 2018 by moving most information to additional schedules which will be more work to ...
dave_thompson_085's user avatar
3 votes
Accepted

Do the dividends in NJ's 1040 include both the ordinary dividends and qualified dividends from the federal 1040?

The state of NJ taxes qualified dividends the same way they tax dividends that are not qualified. Therefore, on NJ you should just report your total dividends which includes your qualified dividends. ...
Bob's user avatar
  • 1,521
3 votes
Accepted

Which state do I pay taxes to: work and rent in NJ, driver's license/registration in PA

You have two issues that have to be resolved when when tax issues involve two states: where did you have residency while you earned that money. where did you work when you earned that money. Once ...
mhoran_psprep's user avatar
3 votes

What should I do if I lost money in a scam?

DO contact the bank immediately. Many of them may be able to help you but have time limits, if you wait too long they can't cancel it. They might not, but it's always worth trying. In addition, set ...
Jemmeh's user avatar
  • 163
3 votes

How do auto insurance down payments work?

US Car insurances typically expect that a premium is paid before (or right when) the insurance starts. I am not aware of it being called a downpayment, but that would be a valid name. The point is ...
Aganju's user avatar
  • 37.7k
3 votes
Accepted

Statute of limitations on disability pay for a once pregnant mother?

In New Jersey, pregnancy and childbirth is considered a temporary disability covered under the state disability benefits. According to the New Jersey Temporary Disability Insurance FAQ, you have 30 ...
Ben Miller's user avatar
  • 116k
3 votes

NJ 1040 Dividends

Some ordinary dividends are qualified dividends for Federal tax purposes and some or not. If NJ doesn't treat qualified dividends differently, then just report the ordinary dividends and ignore the ...
Dilip Sarwate's user avatar
3 votes

What paperwork do I need to sell a car for $30k cash in New Jersey and deposit the proceeds into my bank account?

Your main risk is being tricked by the buyer. There are not many (legal) reasons why someone has 30k in cash but cannot use bank account to pay you, so chances are the money is illegal. That is not ...
Aganju's user avatar
  • 37.7k

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