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Bruce Givner

Bruce Givner’s Answers

2,933 total


  • Do I have to pay the back taxes on a property inherited after it was stuck in probate for 4 yrs?

    I inherited my parents house after it was stuck in probate for 4 yrs it now has at least 5 yrs of property taxes that are owed on it. Do I have to pay the taxes that have accumulated on the property for the past 5 yrs?

    Bruce’s Answer

    If you wish to keep the property you better pay the taxes.

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  • Is my ex husband liable for half the tax bill I got for the year we filled jointly?

    He did taxes for us, error was on my education credit somehow? He has the returns so I can't see them.. Bill came in my name with his SSN on it.

    Bruce’s Answer

    Mr. Paris has given you the correct advice. The general rule is that both spouses are liable for half the tax. However, if it was his mistake and you are "innocent," you may be able to avoid liability. I doubt that will be the case here, however.

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  • Tax question If a small business (company) pays advertising expenses of another company

    tax. If I, a small business owner, as a company, received invoice from another party for services they provided, and in lieu of payment for that invoice I pay their advertising expenses to a third party, do I deduct those expenses on company' s ta...

    Bruce’s Answer

    Yes. When you pay another company's expense, that is deductible by you as payment to the party that owes it in the first place.

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  • MY TAX RETURN WAS HELD FOR EXAMINATION,AFTER SENDING THEM ALL THE INFO THEY WERE ASKING FOR; CASE STILL NOT RESOLVED.

    GOT TAXPAYER ADVOCATES, AS IF THEM AND THE IRS ARE WORKING TOGETHER,AND NOT TO HELP ME RESOLVE MY ISSUE.

    Bruce’s Answer

    If your return is selected for examination, and you send documents in response to a request from the IRS, it may take the IRS 6 months to review the documents and get back to you. The IRS is very busy and underfunded. If the dollars involved are large retain a competent CPA or tax attorney for help.

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  • I am an out of status international student, am I eligible to get a Tax Id Number?

    I have a saving account and I'd like have a Tax Id Number, and I also tried to trade in the US market but I was asked for a ssn or tax id. I also noticed that for a lot of things here in the US you need either a ssn or tax id, so i'd really like t...

    Bruce’s Answer

    Yes you can get a tax identification number. Your immigration status is not related to that.

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  • I am sole non spousal beneficiary of an IRA. Decrease was over 70. Can I cash out after 5 years?

    Reading horror stories that it's not possible to cash out the IRA after 5 years. Is this true? Are these stories accurate? RMD's are not my best option and I was never informed when the benefactor died that I could cash out.

    Bruce’s Answer

    You may well be able to take out a lump sum. You have to read the beneficiary designation. Talk to the employer's benefits office. If it is a large sum talk to a competent tax attorney.

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  • Sign a Contract with Free accommodation on site - did not get it -

    They put me up in a house off-site to compensate, but just found out (7 months later) that i have to pay tax " benefit in kind" - 900 a Month against 75 if i was on site. They tell me that it is not their prob, as it is government tax and that I h...

    Bruce’s Answer

    You received a benefit that is taxable income. You did not get good advice when you entered into this arrangement.

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  • Will the irs take form 3949 a seriously

    A person I know has not filed taxes in over 5 yrs works makes 100,000 yr and their place of employment has them as a private contractor which Is just a way so they don't have to pay taxes

    Bruce’s Answer

    The IRS gets more submissions of whistleblower forms each year than it can possibly handle. So to have a chance of the IRS taking a submission seriously it must be (I) for a large dollar amount and (ii) carefully documented so that the IRS doesn't have to do a lot of investigative work. If you are unsure, you can talk to a lawyer who does this type of work on a contingency.

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  • Need 501 (c) (3) Info for outreach mentoring non-profit in TX

    I have completed all paperwork to file for the 501 (c) (3) exemption. My organization is a non-profit that does outreach, mentoring, social awareness, and community work. None of the descriptions for the Schedules within form 1023 seem to pertain ...

    Bruce’s Answer

    The Schedules simply may not apply to you if you meet Part X - Public Charity Status - question 5g, h or I. You should probably buy some time from a competent tax attorney.

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  • Should I take action?

    I have become aware that a non-profit company is abusing its tax exempt card to purchase items for themselves. They have also used company money to aid family, and keep some donated items for family as well. I don't have any evidence past witnessi...

    Bruce’s Answer

    You should contact the attorney general for the state of Texas. The AG's office will be unhappy that an exempt entity is abusing its tax exempt status. You should also contact the local taxpayer assistance office of the IRS.

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