Questions answered by John P Fazzio III

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Does a tax lien give the government the right to seized my property or more of a restriction of sale until the lien is paid?

John's answer | Answered on August 23, 2015

A tax lien is not a seizure. The tax lien is an encumbrance that must be paid before a sale can take place and title can be transferred free of...

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Tax implications as the beneficiary of my brother's 401k and ESOP accounts.

John's answer | Answered on August 23, 2015

You need to consult a local CPA or Tax Attorney and provide them with all the information and documentation to make an intelligent decision of how...

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How many times can the federal government re do you income tax in one year

John's answer | Answered on August 23, 2015

This is a strange fact scenario. Generally, unless you amend, the IRS can only audit any tax module once.

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Can I legally claim my daughter as a dependent on my w-4 forms for the 2015 tax year?

John's answer | Answered on August 23, 2015

You are not providing enough information. Your W-4 and your filings should match. So the question is whether you are entitled to claim your...

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Newly married, want to apply for Income Based Repayment for huge student loan. Better to file separate taxes?

John's answer | Answered on August 23, 2015

I agree with David. You are better off showing your lower income for IBR purposes.

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I recently had a state tax lein put on me for an error on a return from the year 2012.

John's answer | Answered on August 23, 2015

This could have an effect on your immigration status, but you can get the lien removed if you pay off what you owe. I would take care of that...

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If I have a retail business in TX and am shipping an Item to a person In another state do I charge sales tax?

John's answer | Answered on August 23, 2015

I agree with Everett. Sales tax is tricky. You most likely don't owe out of state sales tax if you ship by common carrier. But, you must...

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I am a single parent and file as HOH - can my taxes be taken from Dept. of Education??

John's answer | Answered on August 23, 2015

Right. This is a garnishment issue. If there is a federal offset to Dept. of Education in place relative to your defunct loan, and even if you...

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Can my wife just keep all the tax return money?

John's answer | Answered on August 23, 2015

Right. You can handle this in the divorce action. And you should. But, if there is a wrongful claim by your ex, filing separate, and you also...

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How can anyone learn the dollar value of the tax deduction for the 1938 tax year for donation of a vital records collection

John's answer | Answered on August 23, 2015

This is too specific of a question for you to get a good answer on this board. You are going to need to hire a professional. It would help if you...

John P Fazzio III's Answers (1186)

Does a tax lien give the government the right to seized my property or more of a restriction of sale until the lien is paid?

Tax implications as the beneficiary of my brother's 401k and ESOP accounts.

How many times can the federal government re do you income tax in one year

Can I legally claim my daughter as a dependent on my w-4 forms for the 2015 tax year?

Newly married, want to apply for Income Based Repayment for huge student loan. Better to file separate taxes?

I recently had a state tax lein put on me for an error on a return from the year 2012.

If I have a retail business in TX and am shipping an Item to a person In another state do I charge sales tax?

I am a single parent and file as HOH - can my taxes be taken from Dept. of Education??

Can my wife just keep all the tax return money?

How can anyone learn the dollar value of the tax deduction for the 1938 tax year for donation of a vital records collection