Archived
I just found out that my ex wife never filled taxes for the last few years. How can I get it down to just tax owed?
Claudio's answer
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Answered on July 24, 2014
From a taxation perspective you may be able to claim "Innocent Spouse relief" under the IRS code. This may reduce or eliminate your liability.
Archived
Am I obligated to pay CPA fees for work on a tax return I didn't receive?
Claudio's answer
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Answered on July 24, 2014
If the CPA did not provide "any" services then they should not be entitled to compensation. Most CPA's use Engagement Letters that set forth the...
Archived
What tax form to use for a Corp to Corp contract between two LLCs?
Claudio's answer
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Answered on July 24, 2014
You should provide a W-9 to "client's LLC" so that all income can then be reflected on your LLC. Most states require Foreign corporations...
Archived
What are the tax preparers rights to a tax payer?
Claudio's answer
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Answered on July 24, 2014
I think you are asking if a tax preparer can be held civilly liable for errors they make in preparing a return. Generally, they can be held liable...
Archived
Can we sell our rental condo in Washington state, do 1031 exchange and purchase condo in Oregon State.
Claudio's answer
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Answered on July 24, 2014
A 1031 exchange is a tax deferred exchange for investment property. From reading your question it appears as though the "replacement property" may...
On the W-2 Form, which number at the top of the form represents the child/spouse support?
Claudio's answer
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Answered on July 24, 2014
Income would include Box 1. Wages, tips, other compensation. Also if there are any Voluntary Deferrals in Box 12. such as contributions to a...
My tax preparer is giving me the run around.
Claudio's answer
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Answered on July 24, 2014
You can contact the State Board of Accountancy at [email protected]. Also, call the CT Dept of Consumer Protection at 860-713-6100. Usually a letter...
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