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Filed #7 bankrupty 2 years ago, did not reaffirm , do you think if we offered 2nd mortage 10-15% of bal they might accept?
John's answer
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Answered on February 24, 2015
If the loan is underwater it is fairly common for a 2nd mortgage holder to accept far less than the loan balance to settle. Each lender has their...
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Foreclosure Advice
John's answer
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Answered on February 24, 2015
You should contact a local attorney familiar with Vermont Foreclosure Law (such as James Palmisano) and get assistance immediately. In most...
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Condo in foreclosure, mortgage company will not take condo back, what are my options?
John's answer
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Answered on February 24, 2015
Banks can be difficult in approving a Short Sale or Deed-in-Lieu and it helps to have an attorney involved. The practice of losing paperwork and...
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Can I claim my 20 year old daughter, if she lives in my home but is unemployed and does not attend school?
John's answer
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Answered on February 23, 2015
You should be able to claim her as a dependent. The standard is living with you >50% of the time and you are paying >50% of her expenses.
Archived
Is FBAR reporting for 2014 linked to residency status in that year only?
John's answer
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Answered on February 23, 2015
You should be filing in 2016 (by June) for 2015, the year you obtained residency. The penalties are stiff for a mistake. Hire a local Tax...
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I want to find out if I can claim all PSS (made to 3rd parties) as deductn in 2014 - a written agremt was only signed in sep'14
John's answer
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Answered on February 23, 2015
You should be able to claim them if paid for alimony. You should be able to take the deduction, or rather exclude the amounts from your income. ...
I received a CP53C notice from the IRS today what is this and what is being reviewed
John's answer
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Answered on February 23, 2015
They couldn't process your direct deposit so they will send you a check. You should still get your refund. Call the IRS and check on the refund...
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If I made more money this year but my husband still was out of work will the IRS still take more if I was granted injured spouse
John's answer
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Answered on February 23, 2015
I'm confused by your question. If you made more money you will owe more taxes. Your prior innocent spouse status won't change this. Any child...
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I am on SSDI, and became an executor of an distant relatives estate. I receive a % the 1099 was put on income instead of misc.
John's answer
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Answered on February 23, 2015
Again, you need to consult your Disability Attorney. The tax issue will not get resolved in all likelihood until after return is filed.
Archived
I am on SSDI, and became an executor of an distant relatives estate. I receive a % the 1099 was put on income instead of misc.
John's answer
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Answered on February 23, 2015
If there is an improper 1099, you will have to dispute it after the return is filed. It is not clear from your post why the 1099 is reporting as...
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