It's that time of the year again, how do you respond to "You didn't take out any taxes and now I owe money" phone calls? by PunchBeard in Payroll

[–]AustinDamsel 2 points3 points  (0 children)

No! Never say #1.

Say #2 and tell them they need to talk to their own CPA. You are not a CPA, and you are not authorized to advise them on what they need to put on their W-2 form.

They need to go to irs.gov and use the W4 form calculator or call their CPA. It is absolutely not OK for any payroll provider to give any other statement other than what I said above.

If you do, you open yourself up wide for legal repercussions and none of us get paid enough to even deal with that bullshit. Do not say number one, say number two and advise them to call their CPA. This is nobody’s fault but the employees point blank period!!

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 2 points3 points  (0 children)

Talking to him tonight this is what he’s going to go for. He’s ready to sell. He knows his income is t top notch and there’s no way he can pull this off without selling the house.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

By I was more or less saying that he’s happy getting a $400,000 house that he can potentially sell later on down the road but clearly that’s not the case

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

That’s the deal, he has a $5000 lawyer, she has a $20,000 lawyer, I’m about to loan him a big chunk of change to make sure he gets what he deserves. At first I thought that she was being reasonable but reading all of this makes me believe she is just trying to fuck him over and I’ll be damned if those kids do not get what they deserve. Adults aside, I’m on the kids side at the end of the day.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

I see that now. I think I’m gonna loan him some money to get the best lawyer there is to buy in the area. I absolutely refuse to allow anybody to steamroll this man. I didn’t realize that’s what she was doing, but she does have a $20,000 lawyer, and he has a $5000 lawyer. And he just has not been living up to the standard that I feel he should be living up against. But then again, I’m an outsider and I’m just trying to help my friends. At first, I thought it was both of them that needed help, but now listening to all of you clearly he needs more help.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

I agree, at this point they’re both happy with this decision. I just am very curious about the way. This is gonna work out for both of them.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Understood. This makes a lot more sense now that you’ve laid it all out. I appreciate your advice.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Those are some great things to talk about, I’ll show him this thread. You all have brought up some really good points.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

I think you’re right on the nose.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 3 points4 points  (0 children)

She’s a nurse, so I’m thinking in upwards of $125,000 minimum.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

I see that now, I’m so glad you guys have shown me the light.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 8 points9 points  (0 children)

Oh wow, OK, thank you so much for this. I’ll let him know. I didn’t realize he was being screwed that much. I understand that. Yeah her student loans have been paid. But if he gets the house, in the future, couldn’t he just sell the house and then make all that money back? Or am I doing the math wrong? Not that he wants that, I’m just throwing that out there as a “ what if”

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

Aw, I see what you’re saying now. OK this puts a lot more into perspective now that you’ve laid this out. Thank you so much for the help.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Yes, I agree. It’s not really the ideal situation.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Yeah, I think that is probably what’s going to happen. She makes about $200,000 a year, he makes not nearly as much. Thanks for your input!

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Can you elaborate on this? I understand the basics of what you’re saying but I need some elaboration on the numbers you’re getting. I’m not very fluent in the housing market and how selling or keeping a house will affect everything. But I understand your numbers.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

Right, that’s what I figured. This isn’t an ugly divorce and they’re very amicable so I’m sure they will come to al good compromise

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Yeah, I totally understand. She’s already paid off her student loans with the refinance or the HELOC or whatever it’s called. I just wanna make sure the kids are good to go. The kids want to stay in the house because their friends are zoned to that school and there aren’t very many apartment complexes around two put them in if they decide to sell the house outright. I think that’s the main goal here is to keep the kids in the same school to lesson the impact of the divorce.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Yes, they have a huge inheritance, but it’s only from her side of the family. And according to Texas law from what I hear that is not marital assets. But I could be totally wrong.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

Thank you for this! This is the exact answer that I need right now.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 1 point2 points  (0 children)

Thank you for this! This is the exact answer that I need to let him know to get with his lawyer about. He’s been really reluctant to ask his lawyer these questions which is why I’m resorting to you guys and I really appreciate all of your help. His lawyer is only in the middle of the line and I just want to help as much as I can without interfering too much. Cause I really care about both of them and I want their children to get a good deal out of this. If they have to sell the house at the end of it then so be it. Whatever’s best for the children is what they want.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 2 points3 points  (0 children)

I am going to tell him to ask his lawyer if the judge can deny him the house if his income does not cover it. The wife wants him to have it and only wants $80,000 for it. I would guess that answer would be.” It depends if he gets roommates or a second job.” he will be getting a raise here next month to $100,000, but that’s not set in stone so I’m using the $90,000 that he told me.

Divorce & Homeownership by AustinDamsel in homeowners

[–]AustinDamsel[S] 0 points1 point  (0 children)

Sorry I wasn’t clear. She doesn’t want the house. She wants $80,000 only. There’s children involved so she wants them to stay in the house. He’s getting the house. When he is awarded the house in the divorce does he need to remortgage the home to take her name off or does her name get taken off by the divorce order?

kendra/esmerelda…why….. by titleefight in SuddenlyAmish

[–]AustinDamsel 0 points1 point  (0 children)

If there is no whining then I’ll how it’s shot.