Archived
Need to know how to get the interest back from my mortgage if the other party has left me and I do not file taxes
Ronald's answer
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Answered on January 12, 2015
If you mean a "deduction" you need to have been on the mortgage as an obligor and you must file tax returns.If not, you do not get the deduction....
Archived
My boss hasn't took federal or state taxes out for most the year. will it affect my tax season or get me in trouble with irs
Ronald's answer
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Answered on January 12, 2015
First, are you keeping records of your tips? Are you keeping records of your payments? Maybe, it is not ALL your boss?
Good luck!
Archived
IRS issues.
Ronald's answer
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Answered on January 12, 2015
If you will owe a small amount, I suggest you try to pay it with the return filing. If it is lawyer, you will need to retain a good tax attorney to...
Archived
Are my clients required to pay taxes on these items that are sent to my warehouse, which happens to be in a Tax free state?
Ronald's answer
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Answered on January 12, 2015
If you are using an Amazon Store, then you will have to collect sales tax. Please have this matter reviewed in detail by a tax attorney. You are...
Archived
Will I be allowed to claim my mortgage payments when filing individual taxes, if divorce was finalized in April of 2014?
Ronald's answer
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Answered on January 12, 2015
If the home were your principal residence and you were obligated on the mortgage, you would be able to claim the interest payments towards the...
Archived
N.Y. Tax Law 174-B," Limitation on the Time to Collect Tax Liabilities"
Ronald's answer
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Answered on January 12, 2015
Unfortunately, it sounds like you only recently filed the returns. The Statute of Limitations starts when the return is filed, so you may have a...
Archived
I R S Federal Tax Lien
Ronald's answer
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Answered on January 11, 2015
You should request that your Bankruptcy Attorney get the lien released. The Bankruptcy Court frequently will grant the request and the IRS many...
Archived
Is it against the law to tell the IRS you earned more money than you really did?
Ronald's answer
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Answered on January 11, 2015
It's called "fraud" and is a crime and subject to civil penalties. This is a really bad idea.
I hope I am clear!
Ron Cappuccio
Archived
Do I need a seperate LLC ?
Ronald's answer
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Answered on January 10, 2015
Yes, the new business is entirely different than your storage business. Separate LLCs will help keep the liabilities separate. You should have...
Archived
If I intern and receive a stipend while training at a 501c3 organization, will I be taxed on my income?
Ronald's answer
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Answered on January 10, 2015
Yes, you are earning taxable income and you should be receiving a W-2. Just because you work for a non-profit organization does not mean you do not...