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Robert Scott Williams
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Robert Williams’s Answers

123 total


  • Can i be held responsible for my live in boyfriends tax debt?

    we have been living togerther for several years and have a joint checking account.

    Robert’s Answer

    Generally speaking, you are not liable for your boy friend's tax debts. However, your boy friend has an interest in the joint checking account. In the event he does not deal with the outstanding debt, the IRS can levy against the bank account to get the funds in the account. You would have to intervene in the levy action and prove what portion of the account belonged to you. You would be best served to not have any joint assets with your boy friend until he has dealt with this debt. It would be a waste of time and money to have to fight over what portion belongs to you.

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  • Can health care coverage be deducted on your tax return?

    I know it is considered income but thought that at lease a part of it should be tax deductible. We pay $16,000 a year

    Robert’s Answer

    There are limitations to deducting health insurance premiums. The largest is that you can deduct medical expenses, including health insurance premiums, to the extent the total spent in any given year exceeds 7.5% of your adjusted gross income. The deduction is claimed if you itemize on schedule A to IRS Form 1040.

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  • As owner of a small business corporation am I responsible personally for debt incured by corporation ?

    I own a corporation which is in debt and can't pay all bills with this hard time. Will I be personally responsible for the debt incured?

    Robert’s Answer

    You can become personally liabile for employment taxes if they are not properly collected and paid over to the IRS regardless of the corporate form of business. It is very important that employment taxes be properly done and paid.

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  • Who is liable for tax evasion, the former business owner who cooked the books or the new owner who was honest from day one?

    I am considering buying a business currently owned by an acquaintance, because he is retiring from a niche industry that seems to be fairly insulated from marketplace fluctuations. I have reservations, however: I have reason to believe that my acq...

    Robert’s Answer

    If you properly structure the acqusition of the business, you can eliminate the potential for being liable for his tax liabilities, as well as any potential other business liabilities. Please hire a reputable tax attorney to assist you in acquiring this business. He or she can protect you from these types of potential claims.

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  • Do we need to go through probate in Florida?

    Elderly mom lived in Florida, she passed away last weekend. Her house is fully paid (no mortgage), there is a Will dividing all property equally between 4 surviving adult children. I am a US citizen, other 3 siblings are British citizens, living ...

    Robert’s Answer

    The short answer is that you will need to probate your mother's home at a minimum. You will not be able to sell it becasue the home is in her name, and there is no one to sign the deed. There may be other assets that need to be probated as well. The good news is that there are some summary probate procedures that may limit the hassle of probate, but you should go see a probate attorney to help you with this.

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  • In florida can a truste of a trust pay a persons child support from the trust funds

    My childs dad is not paying child support. His dad has a trust fund administered by someone else. Can the trustee pay the child support out of this trust fund. The dad is not getting any money from the trust because he is not abiding by the condit...

    Robert’s Answer

    It all depends on the terms of the trust agreement. The answer is maybe. However, I would not get my hopes up. Most trusts are written to benefit the individual and not his or her family members. There are ones that would benefit family members, but I would say they are in the minority. You need to review a copy of the trust agreement to see if it provides for family members.

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  • We haven't filed our federal income tax for 4 years. We don't have the money to pay. What do I do?

    Will the IRS work with us? How do I stop the interest? So far, the IRS has not contacted us but I know the day is comimg when we'll hear from them. We're both in our 60s and retirement has not been kind to us. We're both working but we don't m...

    Robert’s Answer

    You should immediately get your delinquent returns prepared and filed. It can be a crime to fail to file your tax returns. The IRS has a policy of not pursuing a failure to file case criminally if the taxpayer files the returns before they are contacted by someone from the IRS. Once the returns are filed, you can then work on any outstanding tax liability. You can make an instamment plan or an offer in compromise to deal with the tax debt. It is important given your facts that you seek the assistance of a reputable tax attorney.

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  • Can i sue the gov. for discrimenation for taxing me becuse i'm a smoker

    i feel that they are singleing me out to pay the short fall of money that they need . everyone should have to help pay this short fall not just smoker's to me this isdiscrimention

    Robert’s Answer

    You can sue anyone, including the government. There is legal authority that would allow the governement to tax cigarettes they way they are, so will you not be successful in your case.

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  • Can both parties in a joint stock account split capital gains on their respective tax forms? 50/50 split? 70/30 split?

    Two people are named on the account, mother and son, both living. Stock was sold for a gain. profit was split, so should the gain be split on individual tax forms? How can we split the profit? does it have to be an even split? Thanks for the ...

    Robert’s Answer

    You should split and report the gains according to your agreement. If you mother was to invest 70% and receive 70% of the proceeds, and you were to invest and receive 30%, then that is how you should report the transaction to the IRS.

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  • My mom wants my wife and I to have her POA. How do we start that. I am in NY and she in GA.

    Mom has real estate in NY and wnats us to take care of it for her. Can I download a form and have the Notary in GA to sign and send back to me in NY?

    Robert’s Answer

    It would be best to have a Georgia lawyer prepare a power of attorney for your Mother, which can then be used by you in New York.

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