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Bruce Givner

Bruce Givner’s Answers

2,937 total


  • Do I have to pay taxes on attorney fees in a settlement?

    My attorney filed a breach of contract case and we settled it for $25,000.00 I had paid my attorney $5,000. There was no provision in the contract, it was sort of home drawn years ago with no "winner gets attorney fees" provision. This is not a...

    Bruce’s Answer

    The answer is that you will PROBABLY not be able to deduct the legal fees paid to your attorney. There are very specific rules on when legal fees are deductible in connection with settlements, e.g., when the cause of action dealt with discrimination. The only way to be certain is to discuss it with a competent CPA or tax lawyer.

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  • I lost in court and was ordered to pay attorneys fees to the Plaintiff and his attorney. Do I send those persons a 1099?

    What is the benefit of a 1099-MISC? Can I use a 1099-MISC as a private citizen? Am I in the ballpark of tax solutions for this problem? The amount is well over $600. Thanks.

    Bruce’s Answer

    You are probably not required to send a 1099 on these facts. Consult with a competent tax return preparer.

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  • I need an Attorney who has experience dealing with the IRS in order to have $90,000.00 returned to me that was taken in error.

    In 2007 the IRS took $90,000.00 out of a savings account that it had taken me 25 years to save. The reason they took it was because my soon to be ex husband owed back taxes which I was unaware of as he had filed income taxes for the 25 years we we...

    Bruce’s Answer

    It is unlikely that you can get back the money from 2007. You have probably sat on your rights for too long. However, by all means Sheldon Lazarow at 520-623-5856 and see what he thinks about your situation.

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  • My Dad wants to gift me $200k - what's the best way to do it to ensure its tax free and so that I can buy a new home issue free?

    My Dad owns 50% of a real property, which he and his sibling inherited a year and a half ago from his Mother. Him and his sibling have decided to sell the house to someone, who has offered to give them roughly $380,000 for the home. He wants to gi...

    Bruce’s Answer

    Messrs. Zellinger and Ramirez have given you the correct advice. It doesn't matter whether your father deeds you his interest or gives you the proceeds. As long as the gift is less than $5,430,000, and his prior gifts plus the current gift don't exceed that amount, there is no gift tax consequence.

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  • Tax report for a gift from foreigner

    Hi, I have a question. I'm a non resident american, who has a F1(student) visa. If my parent give me more than 100000 dollars as a gift, do I need to fill the Form3520 to report the gift next year? Thank you!

    Bruce’s Answer

    Even though you have a non-resident VISA, you may meet the substantial presence test. So meet with a competent tax return preparer to see if it is a good idea to file.

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  • Can you sue a previous employer due it improper taxation from irregular pay? and then not turn in the proper taxes?

    “My boyfriend just got a bill from the IRS that was over 10k due in taxes. His previous employer was family and he never received a regular paycheck or pay stub. His old employer never sent in my boyfriends taxes. I'm not sure exactly how taxes wo...

    Bruce’s Answer

    Your boyfriend should go to a competent tax return preparer for help.

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  • I run a non-profit transitional housing program for homeless women, if they aren't following house rules can I terminate housing

    I'm running into some of the house rules being neglected, ex. chores not completed, visiting hours not obeyed and, and a few with allowing men on the premises. One man actually broke a window upstairs trying to enter to see his girlfriend. I not...

    Bruce’s Answer

    You need the advice of a real estate lawyer to have quality leasing agreements with your tenants. That is especially the case since California laws heavily favor tenants.

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  • Paid for service( 2013 Personal & Corporate taxes) did not receive my personal ( filed online) & the corp was Incorrectly done.

    Hi , I paid 4k to have my taxes done, 3k up front for corporate and then 1k for personal. 8 months went by before they delivered the corporate taxes ( which I today find were done wrong & must be redone) and I ended up fling my own personal on ...

    Bruce’s Answer

    If the $500 was just to take down the bad review, and not as a complete settlement, then you can sue them in Small Claims court.

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  • Can non USA citizen start a christian church among mongolians and register it? What We need to do to register the church service

    We are Christians, I am a pastor of Mongolian church. We would like to register our church. Can we start to register the church for Mongolian people in LA?

    Bruce’s Answer

    Yes, you can set up a church. There are actually organizations that help people set up churches for free if you do a thorough search on the internet. If you work with a lawyer it will probably cost $10,000 or more.

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