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About John L. Tidwell
Expertise
Unemployment tax law both state and federal; determination of employer employee relationship; the usual 20 commonlaw factors for making that determination; and what makes me a liable employer.

Experience
Over 20 years of field audit experience with a state agency

Organizations
none

Publications
none

Education/Credentials
Degree in Accounting from Falls Business College

 
   

You are here:  Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > house as a gift

Topic: Tax Law (Questions About Taxes)



Expert: John L. Tidwell
Date: 7/7/2008
Subject: house as a gift

Question
My dad wants to give me his house but i do not know how to go about it or were to start. Can you help?

Answer
Panfila:

I do not know the circumstances, but, you should go to www.irs.gov and read up on gifts.  After your reading of gifts, if you have additional questions please ask me.  There are some many factors that it would take me hours to ponder all of the ramifications that a gift of an asset of great value could cause.  On the other hand it may be a good thing.

John

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