Robert Scott Williams’s Answers

Robert Scott Williams

Tallahassee Estate Planning Attorney.

Contributor Level 12
  1. Declared Sole Benificiary to a Goverment Grant.

    Answered almost 6 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    Sounds like a scam. If you deposit the check, they will then have your bank information. The check will bounce, and the will, or at least they will try, to steal your money. Disability funds are not usually taxable. So why all the discussion about paying state and federal taxes on the money. You know such taxes are not typically paid up front. Please throw this stuff away. If you filed for a grant program, please contact these folks to see if the correspondence is from them before you do...

    10 people marked this answer as helpful

  2. What are the minimal amount of stock/shares that you can put on your corporation registration forms when you are just starting.

    Answered about 3 years ago.

    1. Robert Scott Williams
    2. Kenneth Allyn Sprang
    3. Barbara I Berschler
    3 lawyer answers

    The corporation may issue any amount of shares it chooses. You can simply use 100 shares. If you anticipate more shareholders you may want to go with 1,000, 10,000, etc. Hope this helps.

    Selected as best answer

  3. Can the IRS claim money that I receive for a personal injury settlement if I owe back taxes

    Answered almost 6 years ago.

    1. Robert Scott Williams
    2. Ryan Michael Barnett
    2 lawyer answers

    The short answer is yes. The IRS is a super creditor, and can reach pretty much any asset including your home and retirement accounts. You should make sure that the financial statement that you file with your offer in compromise clearly discloses the personal injury claim. Should the IRS accept your offer in compromise before you receive your settlement funds, they will not come back after the settlement proceeds. They will look to you to fulfill the terms of your offer in compromise. It is...

    1 lawyer agreed with this answer

    4 people marked this answer as helpful

  4. Income taxes on a wrongful death settlement

    Answered almost 6 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    The taxation of settlements is governed by the origin of the claim. If claim by its usual nature is taxable income, then the settlement (or the portion that relates to the taxable income) is itself taxable. A settlement can allocate the proceeds to a specific claim or claims. I am sure that if you can settle on a non-taxable claim, you may settle for a lesser amount that if it was taxable. This needs to be specified in the settlement agreement. If the settlement agreement does not allocate the...

    2 lawyers agreed with this answer

    4 people marked this answer as helpful

  5. Is a wife liable for husband's tax debt

    Answered almost 6 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    It is possible that you could be responsible. This assumes that you file a joint tax return with your new husband, and do not otherwise qualify as an innocent spouse under the tax laws. You can file separate returns from your new husband, and not be liable for his taxes, but filing married filing separate costs more in taxes than married filing joint. You will not be responsible for any of his old taxes, but could have some joint asset issues if he owes back taxes.

    2 lawyers agreed with this answer

    3 people marked this answer as helpful

  6. Can I still get a tax return, while owing back child support?

    Answered almost 6 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    The mechanism for using your tax refund to pay back child support is not the source of your problem. The child support amount determination is your problem. Taking your refund is just a way to force you to pay the child support. You need to find a family lawyer, who can help you challenge the child support amount. Good luck, and let me know if you need any help locating a family lawyer.

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  7. Federal Tax Lien and Life Insurance Proceeds after death. Nothing Big!

    Answered almost 6 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    The federal tax lien attaches to all of your interests in any kind of property. So if the proceeds are payable to you, they are subject to the tax lien.

    2 lawyers agreed with this answer

    2 people marked this answer as helpful

  8. What is the best way to clean up potential tax evasion issue with IRS

    Answered almost 6 years ago.

    1. Paul S Ham
    2. Robert Scott Williams
    2 lawyer answers

    You need to quickly get correct tax returns filed. Then you can deal with paying any outstanding tax lisbilities. You may pay in full, establish an installment agreement or even request an offer in compromise depending on your circumstances. It can be a crime to knowling fail to file your tax returns and fail to pay your taxes. The IRS has a policy of not pursuing taxpayers criminally if they file and amke arrangements to pay their tax liability before the taxpayer is contacted by someone from...

    2 lawyers agreed with this answer

    2 people marked this answer as helpful

  9. Trust Accounting

    Answered over 5 years ago.

    1. Robert Scott Williams
    1 lawyer answer

    Please take a look at Florida Statutes Section 736.0813. You should be able to receive a copy of the information you are requesting.

    2 people marked this answer as helpful

  10. Business Tax

    Answered almost 6 years ago.

    1. Shawn C Newman
    2. Joshua Thomas Keleske
    3. Robert Scott Williams
    3 lawyer answers

    Starting a new business has its costs. For example, you spent money setting up the corporation and preparing your product line. These expenditures most likely will result in a tax loss for your first year of operation even though you have not begun selling your product. This loss can offset future profits. You should definitely file the tax return.

    1 lawyer agreed with this answer

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