How can you get a deceased person’s car in your name?
Updated Mar 05, 2021;
Q. My neighbor’s husband recently passed away, owing a balance on his car note. His wife is now paying off the balance of the car. When she finishes, do they mail her ownership papers, title and letter saying she paid off the lien? Or can she just go motor vehicles and transfer the title to her name? Trying to help
There are a few different ways this can play out.
“Payment of an auto loan for a car that is not titled in your name does not automatically vest ownership rights in the person making the payments,” said Gerard Papetti, a certified financial planner and certified public accountant with U.S. Financial Services in Fairfield.
How can you get a deceased person s car in your name? nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.
Do I have to pay taxes on my disability income? lehighvalleylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lehighvalleylive.com Daily Mail and Mail on Sunday newspapers.
I’m now a telecommuter. Can I deduct a home office?
Updated Feb 11, 2021;
Q. I have been working from home since the start of the pandemic. Initially it was due to my office being closed but the office is not. However now my company has permanently closed my local office. I have been officially designated as a telecommuter and I can only work from my home office. How does the tax law work in my situation? Worker
Eligibility to deduct expenses depends on if you are a W-2 employee or an independent contractor.
The Tax Cuts and Jobs Act eliminated home office deductible expenses for employees working for employers W-2 wage earners, said Altair Gobo, a certified financial planner with U.S. Financial Services in Fairfield.