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Can I get my ex-husband to be fully responsible for a tax bill that is in both of our names from when we were married?
Eric's answer
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Answered on September 15, 2015
Yes, you can. You must file for innocent spouse (Form 8857). They will ask him to complete the same form but this should be fairly cut and dry...
Archived
Can the IRS ask a person to pay in full if they already have a $400/month wage levy on the same tax year?
Eric's answer
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Answered on September 12, 2015
An IRS payment agreement is subject to change & is not permanent. There are also many reasons the IRS will treat the payment agreement as...
Archived
I just received an audit request for from the State of Massachusetts for 2012-2014 for verification.
Eric's answer
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Answered on September 08, 2015
The statute is generally 3 years from the date you fine. If you filed before Aoril 15th then use April 15th. That's 3 years from April of 2013 or...
Archived
What is my mother-in-law's taxable gain/(loss) on gift/sale of property to son-in-law and daughter via a cashout refinance?
Eric's answer
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Answered on September 06, 2015
There are many ways to structure the transfer of the home appreciation to you & her daughter. There are also many questions to be answered first...
Archived
Joint bank account.
Eric's answer
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Answered on September 06, 2015
No it will not be a gift unless there is evidence to the contrary. It is presumed to be for your convenience so in an emergency he can pay your...
Archived
My wife's inherited everything without going through probate. Does she need a letter of appointment to get Tax Refund?
Eric's answer
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Answered on August 24, 2015
If there are no private assets and there's an IRS refund you either have a joint account with the decedent or not. If she had a joint account with...
Archived
I am 19 year old college student not working live with my grandparents when not in school can they claim me on taxes for FAFSA
Eric's answer
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Answered on August 17, 2015
The dependency exemption is not necessarily tied to occupancy or monetary support. Sometimes it's based upon a court order and sometimes by...
Archived
What happens in Massachusetts if the executor does not file estate tax form o time because not all funds are retrieved within 9
Eric's answer
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Answered on August 16, 2015
First, interest & penalties are based upon the balance due so if there is no tax due there are none. Second, not all insurance is included in the...
Archived
Can my child's father claim her as a dependent in his taxes?
Eric's answer
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Answered on August 16, 2015
You can release an exemption for a dependent to the non-custodial parent either for 1 year or more if you fill out and Saigon Form 8832. This...
Archived
PROPERTY TAX DISPUTE: town is claiming $90K owed in back taxes on land that has been unbuildable for decades due to swampland.
Eric's answer
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Answered on August 11, 2015
While you are in MA, this is a FL state law question. But here in MA, real estate property taxes are not personal against the owner. They attach...