Christopher Michael Larson’s Answers

Christopher Michael Larson

Seattle Tax Lawyer.

Contributor Level 19
  1. Regarding tax

    Answered over 2 years ago.

    1. Christopher Michael Larson
    2. Henry Daniel Lively
    3. Curtis Lamar Harrington Jr
    4. J David Hopkins
    4 lawyer answers

    Well, as Attorney Lively points out, you cannot deduct cost of your personal auto even if you own it outright and make all the payments. It is not a qualified residence, and there is no "cash for clunkers" credit anymore if that is what you mean. If this is a business asset, it can be depreciated, but it must be paid for by the business or whoever owns the business if it is sole prop. But it sounds like your friend has helped you purchase a personal auto and you are looking for some...

    Selected as best answer

  2. Can my husband claim our children on his tax returns?

    Answered over 2 years ago.

    1. Christopher Michael Larson
    2. Henry Daniel Lively
    3. Steven Anderson Leahy
    4. J David Hopkins
    4 lawyer answers

    The IRS will generally contact the second to file. The first time the SSN is used, it will not be questioned. The second person to file will trigger an alert because they are using a SSN that has already been claimed as a dependent. Just be ready if they contact you.The language of the divorce decree or child custody agreement is very persuasive. Mail from the child's school which is addressed to the parent is very convincing. If a parent clearly lives in the district where the child...

    Selected as best answer

  3. Tax evasion

    Answered over 2 years ago.

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

    Worth it? Well, you could get a reward if the evasion is great enough. Here are the rules for a reward: "The law provides for two types of awards. If the taxes, penalties, interest and other amounts in dispute exceed $2 million, and a few other qualifications are met, the IRS will pay 15 percent to 30 percent of the amount collected. If the case deals with an individual, his or her annual gross income must be more than $200,000. If the whistleblower disagrees with the outcome of the claim,...

    15 lawyers agreed with this answer

  4. Is Pro Bono, a tax write off? If so? How could I convince my attorney to offer his final bill to me as a pro bono bill.

    Answered over 2 years ago.

    1. Howard M Lewis
    2. Curtis Lamar Harrington Jr
    3. Nadine Marie Jett
    4. Christopher Michael Larson
    5. J David Hopkins
    5 lawyer answers

    Pro Bono work is not a write-off for attorneys. And even if it were, doesn't that basically mean they would be writing 35% off at best? I understand that $2,000 seems like a lot of money, but following all court procedures can be a timely process. You are paying for the hours used, and if it wouldn't have been settled, the bill would have likely been much higher. When you pay a retainer, you are not covering the entire service, and you feel it should, you should talk to the attorney in...

    14 lawyers agreed with this answer

    1 person marked this answer as helpful

  5. Amount of cash support for immigrant separated from sponsor

    Answered over 2 years ago.

    1. C. C. Abbott
    2. Peter Hills Acker
    3. Christopher Michael Larson
    3 lawyer answers

    Since this is a tax question, I am assuming you are asking if he needs to file his taxes. If he makes less than roughly $9,000 per year, he does not need to file. If this is his weekly or bi-weekly pay, he needs to file. If this is his annual or monthly pay, he does not. Christopher Larson Insight Law www.insightlawfirm.com

    14 lawyers agreed with this answer

  6. BANKRUPTCY AND TAXES

    Answered over 2 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

    There is rarely a good reason for not filing a return, even if you make too little. You could even be passing up a few hundred dollars in credits. Christopher Larson Insight Law www.insightlawfirm.com

    14 lawyers agreed with this answer

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

    Answered over 2 years ago.

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

    Well, the taxes will not be different if you are the sole owner. A single member LLC is disregarded for tax purposes and you will still file the same exact Scedule C. If there is more than one owner, there could be some benefit in the form of saved employment taxes, but I would advise that you see an attorney, especially before entering into any business agreement involving two or more owners. An S corp might be more of what you are seeing if you are a one owner business, as this will be...

    14 lawyers agreed with this answer

  8. Can we gift more than $26,000 per year to each child without paying gift tax?

    Answered over 2 years ago.

    1. Christopher Michael Larson
    2. Henry Daniel Lively
    3. Mary Lynn Symons
    3 lawyer answers

    Attorney Lively is money tonight. The gift tax is not triggered until your surpass BOTH the annual exclusion and the lifetime credit. However, if you will have a potentially large estate, it wouldn't be a bad idea to talk to an estate planner as you are just robbing from the back-end if your estate might surpass the credit. Another thing. What is the story with the double gift thing? Are you asking if you can use other people as conduits to get more than a $26,000 exclusion for any single...

    Selected as best answer

  9. Will my fiance's tax return be affected if he is victim of identity theft?

    Answered over 2 years ago.

    1. Christopher Daniel Leroi
    2. John Adam Wetenkamp
    3. Christopher Michael Larson
    3 lawyer answers

    He will have income that isn't his if people are using his SSN to work illegally. Otherwise, I don't see how it will have a huge effect on his taxes. Christopher Larson Insight Law www.insightlawfirm.com

    13 lawyers agreed with this answer

  10. We received a settlement due to a wrongful death. We know this money is not taxable, but how do we need to list it on our taxes

    Answered over 2 years ago.

    1. Christopher Michael Larson
    2. Rixon Charles Rafter III
    3. Daniel Nelson Deasy
    4. Steven Anderson Leahy
    5. Lars A. Lundeen
    5 lawyer answers

    This income is excluded, which implies that it doesn't even need to be listed on the return. Did you receive a 1099? Did it list the amount as taxable? if it shows as untaxable, the IRS already knows this will not be included. Not a bad idea to spend a few hundred dollars on a CPA in years where things like this happen. Christopher Larson Insight Law www.insightlawfirm.com

    13 lawyers agreed with this answer