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Lion EA

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Everything posted by Lion EA

  1. Definitely listen to Jainen. Just a tiny detail...don't forget the small nontaxable subsidy the U can make to his transportation (not at the office, but something like $110 per month). But, you must go after ALL his costs in excess of his current situation; the U must make him whole if they take his property. As has been mentioned, this is not just imminent domain -- it's ADA, too. Let him be as amicable as he wants, but make sure he gets a bulldog lawyer who won't let go until the clients rights have been protected. Good luck.
  2. Thanx for checking, Erc. I'll try again.
  3. I tried sending you a credit card payment via the Donate button. Three times it returned the error message that, "This session contains invalid data." Let me know whether or not you received any payment(s) from me. If you received three, well keep all three if you're still out of pocket. If you didn't receive any, I'll try again another day or mail you a check instead. Thank you very much for all your hard work and time and money on this site.
  4. The short answer is they continue to want to see financial information for the parent with which the child lives the most. Has the son established his own permanent residence? Even so, my daughter's girlfriend lives with her aunt and uncle as dad is hospitalized and mom is nobody knows where; she can't get financial information from either of them. Aunt and uncle are willing to be on her FAFSA. But, the powers that be were insisting on either mom or dad, even though child had not lived with either one since middle school. Aunt and uncle spent a day camped at some federal office up in the state capital to get their niece declared officially independent -- that after many weeks on the telephone and gathering all the various documents and affidavits and whatever they were asked to bring with them. Call the number suggested above and talk to a real person. But, why sweat it if you can get financial information on the custodial parent. At the numbers you mentioned, it won't make much difference or any at all -- formula looks for child to spend about 35-6% of his assets on college, but only about 5-6% of parent's assets. Sounds like the parents you mention don't have much anyway.
  5. Had a long-running (auditor was hospitalized and replaced with someone in another city) Schedule C audit that client finally accepted IRS results. He'd had years of losses, and the IRS ruled "hobby." They wanted to see everything: receipts, canceled checks, where his money came from to pump into this activity running at a loss (inherited his father's investment account, so asked for statements), etc.; however, it was clear they really had made up their mind that it was a hobby and what direction they were heading from the beginning. They asked for written rebuttal on the nine points of business vs. hobby. We spent most of our time on that, writing and researching and applying to his business. I've heard from others that Schedules C, E, and F are the IRS's focus lately.
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