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STATE OF LOUISIANA PARISH OF PARISH PARTITION OF COMMUNITY PROPERTY IT Has KNOWN THAT BEFORE the undersigned Notary or Notaries Public, duly commissioned and qualified in and for the respective Parishes
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How to fill out LA-728-M

01
Start by downloading the LA-728-M form from the official website or obtaining a hard copy.
02
Fill in your personal information at the top of the form, including your name, address, and contact details.
03
Indicate the purpose of the request in the designated section.
04
Provide any relevant identification numbers, such as your social security number or taxpayer ID.
05
Complete any additional sections required based on your specific situation, following the instructions carefully.
06
Review the form for accuracy and ensure all required fields are filled out.
07
Sign and date the form in the appropriate section.
08
Submit the form according to the instructions provided, either by mail or electronically, if applicable.

Who needs LA-728-M?

01
Individuals or businesses that need to report certain information to the state of Louisiana or claim specific tax benefits.
02
Taxpayers who are required to disclose income from sources that are relevant to state taxation.
03
Those participating in state programs that require the submission of the LA-728-M form.

What is community property Form?

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People Also Ask about partition community property

A Community Property Partition may be “extrajudicial”, that is a written agreement between the parties that is not made a judgment of the Court. The main reason parties seek to obtain a judicial partition, as opposed to an extrajudicial partition, is in an attempt to avoid lesion beyond moiety.
Separate property brought into the marriage that loses its identity by commingling, replacement, etc., becomes community property. Upon termination of marriage, separate property funds used for the benefit of the community are reimbursed to the spouse whose separate property was used in the amount of 50%, not 100%.
Separate property is property belongs exclusively to one of two spouses. Under Louisiana law, assets acquired by a deceased person while unmarried, or acquired during the marriage by gift, is considered to be separate property.
Married persons from another state that move into Louisiana and establish a domicile in Louisiana that do not wish to have their property become community property have one year to enter into a matrimonial agreement without court approval.
The legal action required is known as a partition action. In a partition action, we ask the court to order that the property be sold. Once an order of sale is obtained from the court, it will be sold by public auction after all parties are notified.

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LA-728-M is a tax form used in Louisiana for reporting and calculating the credit for taxes paid to other states.
Individuals who are Louisiana residents and have paid income taxes to other states while earning income that is also subject to Louisiana income tax are required to file LA-728-M.
To fill out LA-728-M, taxpayers must provide their personal information, income details, taxes paid to other states, and calculate the credit based on the information provided.
The purpose of LA-728-M is to allow Louisiana residents to claim a credit for income taxes paid to other states, thus avoiding double taxation on the same income.
The information that must be reported on LA-728-M includes the taxpayer's name, address, Social Security number, the amount of income earned in other states, and the taxes paid to those states.
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