What Are Some Tax Implications Of Real Estate Flipping?

What Are Some Tax Implications Of Real Estate Flipping?

Posted on by Law Advocate Group, LLP.
In this uncertain and volatile real estate market, some people with available cash purchase relatively undervalued properties, make some improvements and wait to sell them at a profit. Despite the pros and cons of such real estate investment strategy, such…
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Debit Cards Are Not Without Their Pitfalls

Debit Cards Are Not Without Their Pitfalls

Posted on by Law Advocate Group, LLP.
As more people are pushed out of credit card market because of credit card companies’ stringent rules and procedures or more people voluntarily seek to use the money they have not their credit, relatively more people have come to use…
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Spousal Privilege

Spousal Privilege

Posted on by Law Advocate Group, LLP.
In a marriage, spouses often confide with one another and communicate privately. When involved in a criminal case, the law of evidence provides a right called the marital privilege. Marital privilege, or sometimes called spousal privilege, allows for two evidentiary…
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False Reports – Police Officers Filing a False Report

False Reports – Police Officers Filing a False Report

Posted on by Law Advocate Group, LLP.
Citizens in society are often encouraged to report a crime to the police. However, they are also warned that filing a false report with malicious intent is also a crime. But what happens if the police officer is the one…
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Burden of Proof

Posted on by Law Advocate Group, LLP.
When discussing legal issues, you often hear that a certain case or prosecutor did not meet its burden of proof. Furthermore, you may have also heard that different legal issues have different burdens. In general, a burden of proof in…
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How Could You Obtain Lower Mortgages Now?

How Could You Obtain Lower Mortgages Now?

Posted on by Law Advocate Group, LLP.
Real estate market is still undergoing a strategic metamorphosis. In fact, many home prices are still depreciating further and apparently, we have not yet hit the bottom. This creates an auspicious opportunity for people who can afford to purchase homes…
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What is an NDA?

What is an NDA?

Posted on by Law Advocate Group, LLP.
If you watch politically-based and/or courtroom dramas, chances are that you have heard the term “NDA” quite often. It usually signifies some sort of confidential information is being hidden or people are being legally forbidden to speak on something. The…
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Identity theft, Protecting Your Identity

Identity Theft | Protecting Your Identity

Posted on by Law Advocate Group, LLP.
Every person has identifying information that allows them to conduct financial transactions, access medical documents, and partake in certain services. Each identifying information is unique to the individual and, as such, must be protected from theft. In California, it is…
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Open Carry Laws in California

Open Carry Laws in California

Posted on by Law Advocate Group, LLP.
As of 2012, it is illegal to openly carry loaded and unloaded handguns in California. According to California Penal Code 26350 PC, people are not allowed to openly carry an exposed handgun, on themselves or inside a vehicle, while they…
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Would You Have to Pay Taxes on Personal Injury Awards?

Would You Have to Pay Taxes on Personal Injury Awards?

Posted on by Law Advocate Group, LLP.
Hopefully, we never have to worry about personal injury awards we receive. However, if such eventuality befalls us, we generally need not be worried about reporting such awards for income taxes purposes. Let us further analyze this. NONTAXABLE INCOME: PAYMENTS…
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