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Filed a late Fed Tax return 2012, I received an IRS letter, asking for 8962, Premium Tax Credit form, which started since 2014?
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Answered on January 09, 2017
You are correct that such form is not applicable to 2012. It's possible it's a scam. I would not call any numbers on that form. Call the IRS on...
Excise tax owed on car in Massachusetts over six years old does it ever go away
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Answered on January 01, 2017
Unfortunately the answer is it never goes away. You can pay the tax and sue for a refund if you have a reason it isn't owed but there's no statute...
Can I go to jail for non payment of excise tax
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Answered on December 28, 2016
People don't go to jail for non-payment of auto excise taxes and if you mean corporate excise tax then again, usually not. There are, of course,...
I owe a lot of back taxes from around 10 years ago that I never filed. Could this get my passport application denied?
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Answered on December 21, 2016
This is more an immigration question than tax. You can find out if you owe back taxes but generally the IRS will not go back more than 7 years for...
Are there tax consequences with a sibling buy out of property?
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Answered on December 18, 2016
There's not likely to be a tax since you & your brother get a step up in basis to the fair market value as if your father's date of death. So if...
Archived
Would I owe taxes on a class action settlement from a PCB litigation in the state of MA
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Answered on December 15, 2016
That's an excellent question. Generally, winnings from a lawsuit, whether settled or by judgment, are income or not based upon what's called the...
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My Question is regarding possible TAX FRAUD
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Answered on December 14, 2016
This is not really a tax question. You are responsible for the figures on your return even if the preparer did bad things [I see this happen all...
Archived
Tax question. If you have income from foreign country that is deposited in your account in foreign, do u have to file tax?
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Answered on December 11, 2016
US citizens, green card holders, or if your are physically present in the US too many days are subject to tax on world wide income. Who employs you...
Archived
How to handle Tax planning? Do I pay state tax on both states? Does my wife need to become a MA resident to form S corp in MA?
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Answered on December 07, 2016
These are great questions but you should hire a tax lawyer to get real answers with all the details before them. This site cannot answer all the...
Archived
Massachusetts requires an estate tax return computed using the 1999 Federal Form 706. Should the 1999 706 be FILED with IRS?
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Answered on December 04, 2016
You need to file Form M-706, Form 706 from 1999 & I always prepare & file the current year Form 706.