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IRS Offer in Compromise. In 2013 I received a letter from the IRS saying I owed back taxes for 2 years (2009/2010).
Ronald's answer
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Answered on January 07, 2015
The IRS is not in the least bit sympathetic. Most of the time they look at the numbers and the language of the OIC request. You should have an...
Archived
Are you allowed to recieve up to 1 million dollars in tax free gifted money?
Ronald's answer
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Answered on January 07, 2015
In addition to the Federal issue, there is also State tax issues. Some States do not have gift tax, others do. It would depend on the residence of...
Archived
If you prefer to choose one lawyer for probate and another as a tax lawyer, is it considerably more expensive?
Ronald's answer
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Answered on January 07, 2015
First, Probate is local. You need to hire a Probate attorney in the State/County of the decedent's residence. A tax lawyer could be anywhere. Also,...
Archived
Is it feasible to work with a Tax lawyer out of state?
Ronald's answer
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Answered on January 07, 2015
There really is no problem working with a tax lawyer anywhere. Most documents are emailed and there is little need for an actual meeting.
I hope...
With no operating agreement can one partner forfeit his shares to another partner if he chooses ?
Ronald's answer
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Answered on January 07, 2015
The best thing would be to have an attorney prepare an agreement where the remaining members buy your membership interest (even if only for $1) and...
Archived
Do i need a tax lawyer?
Ronald's answer
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Answered on January 07, 2015
Yes, this is the most common area of audit. You will also have a problem when you file your 2014 taxes. This is a pain and the IRS is quite...
Archived
Please help with taxes on investments with pod/tod's
Ronald's answer
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Answered on January 07, 2015
You really need a good tax and estate attorney. Payable On death accounts can be tricky. Usually, they are included in the Estate. Annuities are...
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He got a bill from IRS that saying he owed 1863.00 from 2011. We can't see that, but he wants me to pay 925.00.
Ronald's answer
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Answered on January 07, 2015
If you and your former husband filed jointly, you are both liable for the tax. It certainly is better to pay the tax then have the IRS collect,...
Archived
Is it illegal for my landlord to use the townhouse I am renting from him as a business tax right off?
Ronald's answer
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Answered on January 07, 2015
No, it is a "business" investment and even though it is your residence does not preclude it from being a business to your landlord. Why are you in...
Archived
Do I have to file taxes if I have no income?
Ronald's answer
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Answered on January 06, 2015
Yes, all adults should file a tax return every year. If you do not file a tax return, there is not limitation on the IRS auditing you for that...