Archived
Does a sports team for high school youth (not associated with any school) have to pay taxes and have a business license?
Daniel's answer
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Answered on August 10, 2011
It's likely that your organization will qualify as a tax-exempt organization which would remove any income tax liability. Whether or not you can...
Archived
I have heard that 100% of retroactive SSDI can be taken for child support & back taxes. Where is the law on this if true?
Daniel's answer
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Answered on August 10, 2011
Yes. The IRS can garnish wages or income for payment of unpaid tax liabilities unless the wages and income fall into an exception listed in...
Archived
Can federal income tax be taken out of your Social Security Disability check for back
income taxes in Arizona?
Daniel's answer
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Answered on July 01, 2011
The bad news is that the IRS can indeed garnish your Social Security Disability payments for unpaid income taxes. The good news is the recent...
Archived
I will be a first -time home buyer. I'd like to use funds from my Roth IRA for my down payment. What are the tax consequences?
Daniel's answer
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Answered on June 29, 2011
Please consult with your accountant, but my understanding is that you will be able to withdraw money you have contributed to your IRA without...
Archived
Are there any tax or any other general concerns when transferring title from one individual to another?
Daniel's answer
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Answered on June 28, 2011
The standard "lawyer answer" is always: "It depends." While I'd need to know a lot more about your situation to give to advice, I can say that...
Archived
A tax lady who has been doing my taxes for the last few years hasn't done my tax for this year...
Daniel's answer
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Answered on June 27, 2011
If you are unable to contact the tax preparer, you may want to take the next step of contacting the board of accountancy in Florida (or whatever...
Archived
My family has a business that is an S-Corporation. If the business fails what debt are the stock holders responsible for?
Daniel's answer
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Answered on June 24, 2011
Like a traditional C-Corporation, the stockholders of an S-Corporation will typically not be held liable for the debts of the corporation. In the...
Archived
I have personal back taxes and Compnay back taxes owed. I am also going through a 5.5yr divorce. who gets pd first? Irs or her?
Daniel's answer
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Answered on June 23, 2011
You risk going to jail for violating the judge's order. If you aren't under criminal investigation by the IRS or your state taxing authority then...
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