Providence, RI
Tax Lawyer at Providence, RI
Practice Areas: Tax, Estate Planning
Likely none. If you can prove you are insolvent prior to the taking of your home, the amount of the cancellation of indebtedness income can be...
Sometimes sales taxes are dischargable and sometimes not. You need to consult a local bankruptcy attorney and present him or her with all the...
The better question is to determine what you are trying to accomplish. In all events, the income will be taxed by someone - either the person who...
The distribution is usually not income. However, there may have been some income earned by the trust which may be allocated to your wife. Check...
I've never heard of anyone being audited for reporting someone else to the IRS. Usually, when you loan someone and they do not repay, you may...
If your arrangement required you to increase the selling price of the home, then the increased sales price will be reflected on the 1099 you will...
You need to consult a local real estate attorney who understands the specific rules that apply to your property. These types of rules, and how...
You need to consult the attorney who handled your bankruptcy, if possible, to make sure it was discharged. Also, not all taxes can be discharged...
Your question is less than clear, but 1099s are usually given for services rendered, not in the normal course of selling goods. Whether you give a...
The general rule is that when your debt is forgiven, you have to include the balance in your income. However, there are several exceptions to the...
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