Archived
I have been paying alimony for 14 months now. If I give the ex 15K as a last alimony payment is it tax deductible?
Linda's answer
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Answered on May 01, 2013
You might be subject to the recapture rule as outlined below:
Recapture Rule
If your alimony payments decrease or end during the first 3...
Archived
My wife filed joint taxes, got refund all without my permission or signatures. We are separated. Is this legal?
Linda's answer
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Answered on April 30, 2013
You can file a paper return filing married filing separately and include a letter to the IRS stating that you did not agree to submit a joint return.
Archived
Tax...Insurance Policy...IRS.
Linda's answer
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Answered on April 29, 2013
Are you filling out a financial statement to settle a debt with the IRS? If so, then yes you do need to include the policies if they are whole...
Archived
My wife filed our tax returns jointly ,and we have been seperated 1 year, my wife told me she will keep all the money
Linda's answer
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Answered on April 29, 2013
Did you sign the return? If not, then the IRS should send it back for your signature. If you did, then ask your divorce attorney to address the...
Archived
Looking for someone that is an expert in OIC that I can hire as a consultant.
Linda's answer
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Answered on April 29, 2013
Do you have your own business or work on commission? If so, then it may still be possible to get an Offer approved. Please feel free to contact...
Archived
Am I personally responsible for taxes from a business I closed in 2009
Linda's answer
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Answered on April 29, 2013
It depends on what type of taxes you owe. If you were assessed a Trust Fund Recovery Penalty because you did not pay your payroll taxes, you are...
Archived
Doesn't a person always have the right to cash out part or all of their 401k if they are willing to pay penalties and taxes ?
Linda's answer
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Answered on April 29, 2013
Many 401K plans do not allow you to take money out. Different companies have different policies regarding distributions. Did you ask if you can...
Archived
I owe taxes still from 2006 I am current on all filing except 2012. What can IRS do to me?
Linda's answer
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Answered on April 29, 2013
If you cannot afford an attorney you should contact the taxpayer advocate or a low income taxpayer clinic in your area. Numbers for both can be...
Archived
Is my husband's ex wife supposed to claim the child support during her taxes? Are we supposed to claim it when filing?
Linda's answer
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Answered on April 28, 2013
Child support is not deductible and does not have to be reported as income. Sometimes a divorce agreement will call for unallocated alimony and...
Archived
How long before the I.R.S. and State of North Carolina "pursue" me for past due taxes? Does a bankruptcy filing affect this?
Linda's answer
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Answered on April 28, 2013
Once your bankruptcy is filed, there will be a hold on collections. Until that time, unless you still have collection due process hearing rights...
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