Steven Anderson Leahy’s Answers

Steven Anderson Leahy

Chicago Tax Lawyer.

Contributor Level 17
  1. BANKRUPTCY AND TAXES

    Answered almost 3 years ago.

    1. Curtis Lamar Harrington Jr
    2. Paula Brown Sinclair
    3. Scott L Greeves
    4. Steven Anderson Leahy
    5. Christopher Michael Larson
    5 lawyer answers

    If you are not required to file your tax return you may be able to submit an affidavit to that effect to the Trustee. Sometimes this will work, it depends on the Trustee. But if you are not required to file, there is no benefit to the Trustee that you do so. I hope this helps. Respectfully, Steven A. Leahy www.chicagotaxteam.com

    15 lawyers agreed with this answer

  2. Are there advantages to going LLC rather than staying 1099? (Tax-wise and overall legal-wise)

    Answered almost 3 years ago.

    1. Christopher Michael Larson
    2. Steven Anderson Leahy
    3. Henry Daniel Lively
    4. Mark S. Katz
    4 lawyer answers

    I agree with Attorney Larson. The election of business entity type may be a critical decision with long lasting consequences. So, seek an experienced attorney in this area of law to help you reach an informed, competent decision. I hope this helps. Respectfully, Steven A. Leahy www.chicagotaxteam.com

    14 lawyers agreed with this answer

  3. Can debt from an unlisted creditor still be discharged?

    Answered over 2 years ago.

    1. Dorothy G Bunce
    2. Shannon E Wynn
    3. Steven Anderson Leahy
    4. Akindele David Akintimoye
    4 lawyer answers

    If your bankruptcy case was determined to be a "No Asset" case (meaning there were no assets to distribute to creditors) all dischargeable debts were discharged, whether they were listed or not, as least in most (every?) district. Unlisted debts are still discharged. However, since they never received notice of your filing, they are not violating the Order of Discharge. Your bankruptcy discharge is an affirmative defense to any court action taken against you. However, once you become aware...

    13 lawyers agreed with this answer

  4. Can an individual or a business escape paying a court judgment or a jury award by filing Chapter 7, 11 or 13?

    Answered almost 3 years ago.

    1. Dorothy G Bunce
    2. Shannon E Wynn
    3. Steven Anderson Leahy
    3 lawyer answers

    Generally, court judgments are dischargeable in bankruptcy, absent fraud. Yes, if the jury awards more than insurance will cover, the defendant would be liable for that debt. And, again, yes bankruptcy may protect him. I hope this helps. Respectfully, Steven A. Leahy www.chicagotaxteam.com

    13 lawyers agreed with this answer

  5. Tax evasion

    Answered almost 3 years ago.

    1. Michael Charles Doland
    2. Christopher Michael Larson
    3. Steven Anderson Leahy
    3 lawyer answers

    The IRS Whistle Blower statue does provide for anonymity, unless you have to testify in court. Also, if you were involved, you may be subject to prosecution. This is a VERY delicate situation. Get good, experienced counsel BEFORE you do anything.

    13 lawyers agreed with this answer

  6. Can i object to the jurisdiction of the court if i have not been personally served for a forclosure in the state of IL?

    Answered almost 3 years ago.

    1. Steven Anderson Leahy
    2. David Matthew Gotzh
    3. Bruce E. Burdick
    4. Elizabeth Rankin Powell
    5. Robert Thomas Kuehl
    5 lawyer answers

    Actually, you don't necessarily have to be personally served, but you must be properly served. There are specific filing rules regarding lack of personal jurisdiction. It's too easy to accidentally waive this issue. You should see an attorney BEFORE you do anything else. Foreclosure defense can be tricky. Whatever your goals, you should seek out an attorney well versed in all aspects of your particular situation. It is that important. I hope this helps. Respectfully, Steven A. Leahy...

    Selected as best answer

  7. I owe IRS $4,000 since 2005 and I haven't filed taxes since then I've been self employed. Can I still file taxes

    Answered almost 3 years ago.

    1. Steven Anderson Leahy
    2. David Warren Klasing
    3. Andrew J Wyman
    3 lawyer answers

    The answer is YES. You should file all your back tax returns right away. Do not hesitate. I think the biggest mistake people make is not filing tax returns. It is not a crime to owe the IRS money. It is a crime to fail to file your tax returns, when they are required. You can get a tax refund for the previous three years if you were due a refund. However, if you did not pay any money to the IRS (quarterly payments), it is not likely you will have a refund. You may be eligible for tax...

    Selected as best answer

  8. Can individuals be responsible for unpaid corporate taxes?

    Answered almost 3 years ago.

    1. Phillip Monroe Smith
    2. Steven Alan Fink
    3. Steven Anderson Leahy
    4. Neal Naro Chilingirian
    5. J David Hopkins
    5 lawyer answers

    The short answer is yes. For example, 941 taxes that the Corporation owes but does not pay can be collected from the "responsible" party. Officers can be held personally responsible for these taxes. Also, state sales taxes are another example where owners of a dissolved corporation may be held responsible. Generally, federal income taxes are based on the income of a company (this income bases through to the owner if Sub-Chapter S). if your company did not have any income there will not...

    12 lawyers agreed with this answer

  9. My bankruptcy was discharged on9/7/11...I just got a letter from the trustee that we have to send her copies of our 2011 tax

    Answered almost 3 years ago.

    1. Robin Kert Hunt
    2. Daniel Mark Press
    3. Steven Anderson Leahy
    4. Kevin D Heupel
    4 lawyer answers

    That portion of your 2011 tax refund due on or before the date you filed, become part of the bankruptcy estate, and therefore can be collected by the Trustee. Generally, if a "No Asset" report was filed, the Trustee surrendered any interest in a refund. If not, the case is still open and the Trustee is andministering the estate. If you filed pro se, you should go to the bankruptcy help desk sponsored by the bankruptcy court. Call the Clerk's office or visit the court web site for...

    11 lawyers agreed with this answer

    1 person marked this answer as helpful

  10. My attorney has a tax lien by the IRS against him and it is preventing me from being paid my settlement.

    Answered almost 3 years ago.

    1. Henry Daniel Lively
    2. Christopher Michael Larson
    3. Steven Anderson Leahy
    4. Paul Arnold Nidich
    4 lawyer answers

    Insurance companies often seek any reason to delay payout. If this matter is because of a tax lien rather than a levy -the insurance company is just being difficult. Actually, the insurance company is not holding ANY of the attorney's money. That money belongs to the client (you). The client may owe the attorney a portion of that money - but that is between the attorney and client, not between the insurance company and the attorney. I would take the position that the insurance company...

    11 lawyers agreed with this answer

    1 person marked this answer as helpful

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