Taylor L. Randolph’s Answers

Taylor L. Randolph

Las Vegas Tax Lawyer.

Contributor Level 4
  1. Filed Bankruptcy in 2010. Rec'd 2 1099-A's in 2012. IRS liability is 70,000 Is there a program to reduce debt disabled person.

    Answered over 1 year ago.

    1. Henry Daniel Lively
    2. Richard Edmund Hawkins
    3. Taylor L. Randolph
    4. Peyton Hunley Robinson
    4 lawyer answers

    You'd want to seek a CPA that can file the return and include a Form 982. This is an information form that tells the IRS this is non-taxable income. Really common these days! Good luck.

    4 lawyers agreed with this answer

  2. What is the statue of limitations on a forclosure in Nevada?

    Answered over 1 year ago.

    1. William C. Devine II
    2. Dorothy G Bunce
    3. Taylor L. Randolph
    3 lawyer answers

    Both of the answers appear correct, but you should consider looking at debt settlement. Many of the seconds have been sold for small amount of money and you may be able to settle them. Consider it.

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  3. Willthe Mortgage Forgiveness Debt Relief Act be Extended to beginning in 2015?in what order should u do a bankruptcyandshortsale

    Answered over 1 year ago.

    1. Dorothy G Bunce
    2. J. Scott Dilbeck
    3. Richard Edmund Hawkins
    4. John T. Oblad
    5. Taylor L. Randolph
    5 lawyer answers

    If you're considering short selling your property, you can do this on your own, but it's best to seek a law firm that has close ties to a real estate agent. The lender can still deny you a short sale, but the good news is you're not worried about a waiver of liability. However, you still need to consider tax laws and if this is your primary residence or a rental.

  4. Today I received a notice of default and election to sell under deed of trust .

    Answered over 1 year ago.

    1. William C. Devine II
    2. Dorothy G Bunce
    3. Taylor L. Randolph
    4. Diane L Drain
    4 lawyer answers

    I agree with the other attorneys - don't wait. I'm a mediator in the Nevada Foreclosure Mediation Program (FMP) and there are new rules designed to help homeowners. I also represent homeowners and offer free consultations.

  5. Can Department of Treasury legally garnish my wages for a 13 year old debt even after I filed a no-asset chapter 7?

    Answered over 1 year ago.

    1. Thomas R. Morris
    2. Taylor L. Randolph
    3. Dorothy G Bunce
    3 lawyer answers

    Check Michigan rules, but military overpay is generally not dischargeable debt in a chapter 7.

    1 lawyer agreed with this answer

    1 person marked this answer as helpful

  6. What type of taxes will I pay on a sale of a second home?

    Answered over 1 year ago.

    1. John Noah Kitta
    2. Amanda Marie Cook
    3. Taylor L. Randolph
    3 lawyer answers

    This answer is only for the federal taxes. The answer hinges on if this was ever your primary home for 2 of the last 5 years. If so, you should be able to not include this as income. If not, then this might be taxable income that you would need to treat as either short term or long term gains, depending on how long you held the property.

    1 lawyer agreed with this answer

  7. If i provide insurance for my child in a 50/50 timeshare agreement is it mandatory to rotate who claims the child for taxes.

    Answered over 1 year ago.

    1. Christopher Dewitt Brockett
    2. Taylor L. Randolph
    2 lawyer answers

    Generally the divorce decree will determine this issue and the IRS will follow the order. This area is a facts and circumstances test, dealing with time with the children, income and similar matters.

    1 lawyer agreed with this answer

  8. I did my taxes with Liberty Tax Services, and because of his reaction while completing them, I went to H&R Block for a free

    Answered over 1 year ago.

    1. Taylor L. Randolph
    1 lawyer answer

    You may consider getting a tax payer advocate to help with this issue. You file a form 911 with the IRS found at IRS.gov.

    1 lawyer agreed with this answer

  9. What happened to a person who work under the table, makes $60,000/year and just report on taxes every year $8,000?

    Answered over 1 year ago.

    1. Curtis Lamar Harrington Jr
    2. Taylor L. Randolph
    3. Dana Whitney Atchley
    3 lawyer answers

    The very fact that she is under reporting the income could be considered a fraud tax by the IRS. The simple truth is that the IRS generally will never know about the under reporting, unless it is reported by another tax payer.

    1 lawyer agreed with this answer

  10. Our mortage company part of the Independent Foreclosure review. We would like to take legal action against them.were do we start

    Answered over 1 year ago.

    1. Taylor L. Randolph
    1 lawyer answer

    These are all great questions, but really can't be answered by any attorney outside your specific state. You should consider seeking help from a local attorney. Maybe call the state bar. It's clear to most that many lenders have acted improper during this mortgage crises, so you may have a good cause of action. Good luck!