Archived
What recourse do I have? ? Do I have to give my personal information for a 1099-- can I demand to receive a W-2 as a household?
Scott's answer
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Answered on January 29, 2016
Regardless of being a household employee or independent contractor you had an obligation of reporting your 2014 income on your tax return (it does...
Archived
We are seeking advice on whether or not the claim to the easement/wooden road is legal, and if not killing it and writing a lett
Scott's answer
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Answered on January 26, 2016
Do you have title insurance. If so go to the title insurance company and see if you have a claim.
Archived
TAX question--Is there any write-off of attorneys fees in regards to splitting 401K account?
Scott's answer
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Answered on January 26, 2016
It's not clear what the legal fees relate to. Generally fees spent for tax advice is deductible on schedule a. But is this really tax advice or...
Archived
Do I have to report a non taxable lawsuit settlement to the IRS?
Scott's answer
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Answered on January 26, 2016
You don't provide enough facts. Is a 1099 being issued? If so you have to report it but there may be an exemption.
Can I file Head of Household with IRS while renting room with family and have dependents?
Scott's answer
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Answered on January 26, 2016
Based on the facts presented you can claim head of household. But, you need to check your divorce decree about who gets to claim the kids.
Archived
Deficiency
Scott's answer
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Answered on January 25, 2016
Do you have an attorney in the divorce; if so go through them. You may qualify for innocent spouse relief.
Archived
Income Tax return
Scott's answer
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Answered on January 24, 2016
Generally married filing joint is better. No she cannot be your dependent (you already get a personal exemption for filing joint).
Archived
How long to have a court / judge correct an incorrectly notarized deed?
Scott's answer
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Answered on January 24, 2016
Was the deed recorded? What is the mistake. If it's really wrong absent a corrected deed you would need to file an s-petition? Did you buy an...
Archived
I have a rental property under S Corporation in California. I purchased this property under my S corp in 2014.
Scott's answer
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Answered on January 24, 2016
Corps are generally not good entities for real estate. At this point recommend leaving the s Corp as is.
Archived
If the IRS finds it will they give me a chance to pay it or will they throw me in jail? I did not do it fraudulently I was just
Scott's answer
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Answered on January 23, 2016
Absent fraud the statute of limitations is 3 years. Sometimes 6 if it causes a substantial understatement.
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