John P Fazzio III’s Answers

John P Fazzio III

Mahwah Foreclosure Attorney.

Contributor Level 16
  1. Do I need a tax attorney for a $61,000 tax bill from the IRS?

    Answered almost 2 years ago.

    1. John P Fazzio III
    2. Michael S Anderson
    3. Richard Albert Luthmann
    4. Pamela Koslyn
    5. Jennifer Lynn Bennett
    6. ···
    7 lawyer answers

    The IRS recently created a Fresh Start program allowing those who bring their tax liability below $50k to enter a streamlined plan of about $700 per month. You also might be able to settle the debt for a small lump sum. This all depends on your household income and whether you file joint or separate with your husband. Is be happy to discuss with you in greater detail.

    Selected as best answer

  2. Do sealed record count as criminal history?

    Answered over 1 year ago.

    1. Benjamin J Lieberman
    2. John P Fazzio III
    3. Michael Douglas Shafer
    4. Jeffrey Jose Estrella
    4 lawyer answers

    This will not count as part of your criminal history.

    8 lawyers agreed with this answer

  3. In New Jersey is not paying your HOA / Condominium's monthly fees a breach of contract with a 6 year statute of limitation?

    Answered 8 months ago.

    1. John P Fazzio III
    2. Adam Lefkowitz
    3. Peter Joseph Lamont
    4. Layni S Rothbort
    5. Dennis P Uhlmann Jr
    5 lawyer answers

    Technically it is. But, this is an ongoing violation so the statute of limitations never starts to run. As long as there is a delinquency and the dues are not up to date a suit can be brought.

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  4. I receive ssi monthly payments and im also self employed with children .Will I qualify for earned income tax credit?

    Answered about 1 year ago.

    1. John P Fazzio III
    2. Evan A Nielsen
    3. Bruce Givner
    4. Richard Gordon Stack
    4 lawyer answers

    The Earned Income Tax Credit ranges up to $5,000 depending on the amount of income you earn. Mr. Nielsen has a useful link to additional information. Here is another link that may help.

    Selected as best answer

  5. Hi there, Is there tax due from getting a share in a property that was owned by a foreign company being dissolved?

    Answered over 1 year ago.

    1. John P Fazzio III
    2. Todd Matthew Heine
    3. Luca Cristiano Maria Melchionna
    3 lawyer answers

    You pay taxes when you have an accession to wealth. If you receive shares in a new entity that can be structured as a non-taxable event, but there are many variables that need to be accounted for. It sounds like your father is contributing the land value of the property and an interest in this new building project to the new entity. He will of course be "cashing out" his basis and subject to potential tax and capital gains if he dissolves. There are ways to structure this so it is not...

    6 lawyers agreed with this answer

  6. How to sue if you create intellectual material for a company, specific designs & they do not pay you as a independ. contractor?

    Answered almost 2 years ago.

    1. John P Fazzio III
    2. Luca Cristiano Maria Melchionna
    3. Jeffrey Mead Kurzon
    4. Maurice N Ross
    5. Bruce E. Burdick
    5 lawyer answers

    If you did not complete the artwork under a contract stating it was a "work made for hire" then you may have a claim. Also, if there was such a contract, their non-payment may mean they are in breach of that contract and that you retain ownership of your intellectual property. It is unclear what your role with the Company was and what kind of contract you were under. You need to provide additional details. Seems like you may have an interesting case. You may want to register copyrights...

    6 lawyers agreed with this answer

  7. My mortgage bank committed fraud upon the court to obtain foreclosure judgement( NYS judge meanwhile was asleep)chapter 13 NY NY

    Answered almost 2 years ago.

    1. Eric Edward Rothstein
    2. Stephen M Trezza
    3. Michael A. Koplen
    4. John P Fazzio III
    5. Deborah F Bowinski
    6. ···
    8 lawyer answers

    The Max Gardner comment is on point. The bottom line is you may have a civil fraud claim independent of the foreclosure issue. It sounds like the lender already has a foreclosure judgment. This limits your options. However, if the Chapter 13 was filed prejudgment you may still have a chance to make the lender prove ownership though the proof of claim procedure. This is a very complicated area of intersection of the law. If you disprove the creditor's standing this may complicate getting a...

    6 lawyers agreed with this answer

  8. How does IRS check unpaid taxes?

    Answered over 1 year ago.

    1. John P Fazzio III
    2. Jonathan H Levy
    3. Dana Whitney Atchley
    3 lawyer answers

    The IRS receives 1099 reports for independent contractors. As a self-employed individual, your friend may not have received 1099s. Many companies fail to properly follow the 1099 regulations and submit reporting to the IRS. If he did receive these forms, the IRS would have a record of it. The Statute of Limitations on Collections is 10 years from the date of filing. Since he has not filed, the statute has not begun to run. This is why the IRS may not have come after him on the deficiency...

    7 lawyers agreed with this answer

  9. Is it ok to tell a bankrputcy judge that you are awaiting a ruling from another judge on your settlement efforts w/ creditor?

    Answered over 1 year ago.

    1. Kelly Wright Kelly
    2. John P Fazzio III
    3. Susan Pernick
    4. Edwin Drantivy
    4 lawyer answers

    Since you have filed in the Bankruptcy Court, your petition should state other pending matters. Regardless of whether you may voluntarily withdraw your petition, you should update the Bankruptcy Court by way of letter if there are any additional developments in the other case, including settlement discussions. On the other hand, the fact you are in Bankruptcy Court should be motivation enough to ensure the party in the other case provides you with reasonable settlement terms, as they are...

    5 lawyers agreed with this answer

  10. Tax on Gifts

    Answered almost 2 years ago.

    1. Ronald J Cappuccio
    2. John P Fazzio III
    3. Brett A. Thompson
    4. Christopher Michael Larson
    4 lawyer answers

    Right now the exempt amount is $14,000. That is, any gift to any individual for less than $14,000 does not require you to pay gift tax. If a gift is returned, you lack one of the elements of a gift, which is acceptance. I do not understand the deposit issue.

    5 lawyers agreed with this answer

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