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Christin Marie Bucci
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Christin Bucci’s Answers

16 total


  • I haven't filed an FBAR. Should I file one immediately?

    I'm an American working overseas for 30 years and have always filed my 1040 and 2555 forms and checked the box asking if I have a foreign bank account, yes. I have about $50,000. in my account but have never filed an FBAR because I didn't know ab...

    Christin’s Answer

    A "quiet disclosure" can be very risky. Given the complexity of your issues, you should seek assistance from an experienced tax attorney to develop a strategy for disclosing your offshore accounts . There are civil and criminal penalties that may be asserted for not complying with the FBAR reporting and recordkeeping requirements. For example, a willful failure to file the FBAR or retain records of account can have civil penalties up to the greater of $100,000, or 50 percent of the amount in the account at the time of the violation as well as criminal penalties up to $250,000 or 5 years or both . 31 U.S.C. § 5321(a)(5)(C), 31 U.S.C. § 5322(a) and 31 C.F.R. § 103.59(b) for criminal.

    Please feel free to give me a call at 1-877-764-4440 or 954-764-4440 to discuss your options.

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  • Where on a buisness federal tax return would I be able to find the net income?

    I need to know to pay for a privilege license application for the city.

    Christin’s Answer

    A few points of clarification would be helpful. By net income do you mean taxable income?
    By a business return if you are referring to a corporate return then it would be a Form 1120. On the Form 1120 for tax year 2011 taxable income is line 30.
    Here are the sites for the Form 1120 and the instructions:
    http://www.irs.gov/pub/irs-pdf/i1120.pdf
    http://www.irs.gov/pub/irs-pdf/f1120.pdf
    Please note that the section on income begins on page 7 of the instructions for Form 1120.
    Also, line 28 of Form 1120 is "taxable income before NOL deductions and special deductions" which is explained on page 13 of the instructions.

    Hope this helps!

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  • I just got a bill for Fed payroll taxes on a business I sold in 2007. When I sold all taxes were current. Am I liable?

    Attorney prepared a purchase agreement/stock transfer Business was in KY I now live in TN

    Christin’s Answer

    I agree with my colleagues and also think that you should seek assistance to resolve your issues. What year is the tax notice for? How did you did you confirm that you were current with the taxes at the time of the sell? You may also want to look at the terms of the contract.

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  • Am I entitle for a copy of 2011 tax return

    I was one of the three owner of a C corporation. I resigned from that on 4/27/12. We did not file our 2011 tax return but applied for extension. The other two owner file the tax return for 2011 in October 2012. I asked them for a copy of 2011 tax ...

    Christin’s Answer

    You can request a copy of the tax return or tax return transcript using Form 4506 (Request for Copy of Tax Return) or Form 4506T (Request for Transcript of Return). Here is the link http://www.irs.gov/pub/irs-pdf/f4506.pdf. You need to submit Form 4506 for an actual copy of a return. Send your request to the office indicated on Form 4506. You may fax or mail your request. If you used a professional preparer to prepare the prior year's return, then you can request a copy of the return from the preparer. If they need help locating the preparer, the Electronic Return Originator data base may help.

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  • Can I file Injured spouse with hr block and emerald advance.

    I file married jointly with my husband he owes taxes so I have to file injured spouse so the IRS don't take all of the refund I wanted to do hr block emarld advance am I able to do that even though I'm not always guaranted a refund?

    Christin’s Answer

    If you are experiencing economic harm or a systemic problem, or are seeking help in resolving tax problems that have not been resolved through normal channels, you may be eligible for assistance. You can call 1-877-777-4778 for the Taxpayer Advocate Service or you can file Form 911. In addition, you may be eligible for assistance at low-income taxpayer clinic. There is such a clinic in Cleveland, Ohio – The Legal Aid Society of Cleveland 1-888-873-9665.

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  • Is there a legal aid lawyer in Ann Arbor, Michigan that serves as a tax advocate

    over 10,000

    Christin’s Answer

    There is such a clinic in Ann Arbor Regents of the University of Michigan – 1-734-936-3535. You can call 1-877-777-4778 for the Taxpayer Advocate Service or you can file Form 911, Request for Taxpayer Advocate Service Assistance, with the Taxpayer Advocate Service, or ask an IRS employee to complete the form on your behalf. Fax or mail the form to your Local Taxpayer Advocate.

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  • Do I have to pay tax on my pension from the UK.

    I have been a U.S. citizen since 2012, prior to this I held a green card since 2007. I am in receipt of a disability pension from the UK government, since 1998. I paid taxes on the pension in the UK, however, when I applied for exemption of doub...

    Christin’s Answer

    You should check the tax treaty between the U.S. and U.K. Also, given the complexity of these issues you should seek the advise of a qualified tax professional

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  • Ex wife falseifed my name on 07 tax return and on check while separated at the time IRS has taken money from me.

    While separated she filled joint tax return and forged my name without my knowlege. Now IRS has taken money from me and wants me to pay over $2000.00 more. The IRS is not helping me and I don't know what to do. I am disabled and that is the check ...

    Christin’s Answer

    I agree with my colleagues that you should seek assistance to resolve your issues. If you are experiencing economic harm or a systemic problem, or are seeking help in resolving tax problems that have not been resolved through normal channels, you may be eligible for assistance from the Taxpayer Advocate Service. You can call 1-877-777-4778 for the Taxpayer Advocate Service or you can file Form 911, Request for Taxpayer Advocate Service Assistance, with the Taxpayer Advocate Service, or ask an IRS employee to complete the form on your behalf. Fax or mail the form to your Local Taxpayer Advocate. Also, you may be eligible for assistance at low income taxpayer clinic. There is such a clinic in Montgomery, Alabama, Legal Services Alabama, Inc. – 1-866-456-4995

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  • Starting a non-profit under a local church. Must i fill out a separate 501(3)c, if my church already has one?

    I am trying to start a non-profit organization, based in Maryland. This organization is a branch ministry of my local church. Can I add it to my local Church's 501(3)c? or must I file for an independent 501 with the IRS? The Funds will be used to ...

    Christin’s Answer

    Organizations, including churches and religious organizations, applying for recognition as tax exempt under
    IRC section 501(c)(3) must use Form 1023. A religious organization must submit its application within 27 months from the end of the month in which the organization is formed in order to be considered tax exempt and qualified to receive deductible contributions as of the date the organization was formed.

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  • IRS Tax returns for 2010

    Hi. Thanks for reading and giving such a very good answers.Thanks Avvo making me confident.My question is i received a letter from IRS for refiling my tax returns.I filed my 2010 tax returns through (not 2011) tax consultant.That guy messed up and...

    Christin’s Answer

    I agree with the previous answers. Make sure that you retain proof of mailing.

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