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Our father deeded his land to us children he is still living and would like to set up some kind of corperation now for the farm income is this a good idea?
You need to discuss this situation with an attorney who can review all its aspects including the farm income, your needs and your father's needs. She/he can then discuss the options and consequences regarding your father's plan. You should look for an attorney who specializes in business law and also estate planning.
What else can I help you with?
Are you eligible for HRA relief for paying rent to your father-in-law?
If your father in law shows the rent you are paying as an income in his tax returns, YES you are eligible If your father in law is not showing the rent you are paying as an income in his tax returns, NO you are NOT eligible
What is the difference between the child tax credit and the earned income credit?
The child tax credit is a tax benefit for parents with dependent children, providing a credit for each child. The earned income credit is a tax benefit for low to moderate-income individuals and families who have earned income from work. The main difference is that the child tax credit is based on the number of children, while the earned income credit is based on income and family size.
Can a person on a fixed income wages be garnished?
A person on fixed income wages can be garnished. The reason I know is because my friends father got his wages garnished because he borrowed to much money on his chase card. Her father has to pay back 35,000: that includes intrest. My advice is to not get a credit card and if you get a credit card, only use it for emergencies only because you do not want your wages garnished when you already have a fixed income.
Can I get the Child Tax Credit if I have a 1099 form?
Yes, you may be eligible for the Child Tax Credit even if you have income reported on a 1099 form. The credit is based on your income and the number of qualifying children you have.
What is the function of life insurance?
It provides funds for family survivors (spouse, children) after death of the major income producer of the family.
Can you apply for medicaid for your children since you do not receive child support and you remarried and your husband is not low income?
Your eligibility for medicaid would be determined by your total household income regardless of who the children's biological father is.
How much money does a single-parent get from the government if there's no father?
It depends on the number of children they have - their income - and where they live.
Do they take the mother's income into factor when deciding how much the father has to pay?
Generally no. Parents are jointly liable for their children - i.e., one parent's income doesn't excuse the other parent.
What if the father was married and had children and also had a child as a result of an affair?
The question is unclear. However, in general, child support is a percentage of net income. When calculating support for younger children, support actually ordered and paid for older children is subtracted from net income. The amount of support is generally not affected by the presence of children with whom the obligor is living.
How do you Find income of father for child support?
The State can require the father to verify income and/or subpoena that information if necessary.
Is it possible to get child support from a father who receives Supplemental Security Income?
Yes, he should be getting paid a certain amount for having children anyways.
Does stepmother income count toward stepchilds child support?
No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.
Is a father responsible for the ex's daycare bill?
If the daycare is for the father's child, yes, at least half of the daycare depending on father's income versus ex's income. If the daycare is for the ex's child by another father, no.
If mom is on welfare with no job can dad get full custody?
If the mother has interrupted her career more than the father for her children, surely she has the better argument for custody? Custody should depend on how the children are treated, not on how hard the mother found it/finds it to get a job. The father would probably have to work less when they have custody of the children anyway.
If you are paying child support for one child that is living in another state and you have three children in your home that you financially take care of does that count for your income?
it depends what state you live in and if you claim the children on your taxes, or if you are the not the biological father of the other three kids you need to be married to their mother in order for them to be any kind of dependent for them to count for your income
Can you get child support from the state if the father is deceased?
No, you file for his social security. Also, if you have limited income/assets, you might qualify for TANF or Medicaid, or the Children's Health Insurance Program.
If father is paying support for two kids and has another that he has to pay support to does child support for the first two go down?
If I am correct yes it depends because his child support due is based on his income if he makes enough to pay the same for all three children then no otherwise yes but not by much. In general, child support is a percentage of net income. When calculating support for younger children, support actually ordered and paid for older children is subtracted from net income.
