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Alicia Simone James

Alicia James’s Answers

125 total


  • Tax implications of foreclosed rental property where my name is on the deed (quit claim during divorce) but not on mortgage?

    My ex-wife purchased property for rental/investment purposes prior to our marriage. During our divorce, she quit claimed the property to me, but the mortgage remained in her name solely. She declared bankruptcy a few years later, and the propert...

    Alicia’s Answer

    I agree with attorney Givner. Please verify the information with your ex wife. You do not want to invite a tax audit because both of you claimed the same property.

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  • What do you do if a parent claimed both children on her taxes when there is an Order of Support saying she can only claim one?

    We were attempting to work out things as far as financial matters and visitations- at one point I told her that she could claim both. I also paid her directly for the child care (even though the court order said to pay the provider. it became a...

    Alicia’s Answer

    Follow the directions of the order. Once the IRS sees that two people claimed the same child they will ask you for proof. She will then be forced to file an amended tax return and pay penalties.

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  • Can my husband sue me for using joint tax papers for fraud?

    my husband is in the military, has never taken care of me as a dependent for three years. i ask for a divorce.my school also needs the information to increase my aid. he says that he will sue me for fraud because i use our joint tax return for faf...

    Alicia’s Answer

    Just be honest with the FAFSA application. It is a joint return so your tax information should be on the return as well. Don't try to increase your aid by putting half truths. You are dealing with a government agency. You should probably be more worried about them than your husband.

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  • Hi my name is Raymond Watson. I had did my taxes with someone at home. They keep given me dates but no money. What should I do?

    You could email me the information. Raymondwatson2012@gmail.com

    Alicia’s Answer

    Did the person say that they e-filed your return? Are you expecting a refund? Does this person have a place of business? You should ask them for their return preparer number. Once you have this number you can contact the IRS (file a complaint if necessary). If you e-filed you can check the status of your refund (please see link).

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  • Should I put all my music work under one LLC and when it comes to playing in my band , hire other musicians as contractors ?

    Should I put all my music work under one LLC and hire other musicians as contractors ? For example , I make money off a mix of the following things : - solo performances that I play - sound guy on film sets - record other artists in my home ...

    Alicia’s Answer

    Please keep these business activities separate. This reduces liability, contractor and tax issues. Then, depending on the success of the venture you can sell or invest more heavily in whichever business you desire.

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  • I am starting a small residential cleaning business, what is the correct business structure for avoid 1099 tax docs by clients?

    I am starting a small residential cleaning business , I want to keep it small - myself being the owner and operator . What is the best business structure to start my business , avoid being O'Dell by my clients , and how soon would I need to c...

    Alicia’s Answer

    Avoiding 1099s is not what is important. You need to structure your business depending on the anticipated revenue and your needs for cash. The key is making every acquisition (cleaning supplies, equipment etc.) a deductible expense.

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  • Finding out Business partner has been taking money from their business since 2005

    My husband closed his S Corp 9 / 2012 . Didn’t end well w / his partner . Asked to store 36 company boxes . Went through them . Found from 2005 his partner charged personal & expenses for his other company on their business cc . $ 1 ,...

    Alicia’s Answer

    He will probably respond if you decide to litigate the matter. Actually, he will be forced to respond. Please act quickly because there may be statutes of limitations involved. Plus, he may decide to start moving, hiding or selling assets. You don't want to have an non collectable judgment.

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  • What is the remedy for adding additional Board members to a board who is trying to control decisions by limiting board members

    in compliance with a 501C3 and original bylaws ? Someone said that prospective Board members could come to the meeting and do it the easy way , be added , or sue the people on the board for not complying .

    Alicia’s Answer

    A compliant set of bylaws will contain specific rules that spell out the responsibilities of board members, as well as things like length of terms (1 year, 2 year, etc.) and the processes for removing and adding board members. State corporate law, as well as IRS 501(c) requirements, demand that you follow the bylaws.

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  • Our not-for-profit condominium association has 5 positions for the board of directors. Can husband & wife both be on the Board?

    The husband & wife own two units and each have a vote available. The husband was on the Board last year. The year the wife applied for an open position, and supports every issue the husband speaks on. She votes the same as he does on all Resolu...

    Alicia’s Answer

    You need to review the condominium association rules. Plus, consult an attorney that specializes in condominium association law.

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