Do you have to pay taxes on money that you illegally received and are paying restitution?
You are taxable in the year of receipt. You get deductions (I believe itemized deductions) for restitution being paid. Seek specific advice on...
Cranbury, NJ
Tax Lawyer at Cranbury, NJ
Practice Areas: Tax, Tax Fraud & Tax Evasion, Corporate & Incorporation
You are taxable in the year of receipt. You get deductions (I believe itemized deductions) for restitution being paid. Seek specific advice on...
The levy is being made because you have not communicated with the IRS or not effectively dealt with your tax issue to their satisfaction. You...
The government can seize any property of your sister's to pay her back taxes. Living in the house does not make it her property. Being named in a...
Before I can answer your question, we should have a few more facts. 1. Who represented you before the IRS? 2. How do you know the IRS is...
I believe you could file on either...schedule C or line 21 as other income. If you were an employee, you can have the employer pay its share of...
Also see IRS Publication 501 at www.irs.gov which covers exemptions. If you believe you are entitled to the exemption, simply file your return in...
See IRS Publication 501. Whether or not your mom claims you and your child on her tax return, if she does not qualify and you do, you may claim...
You can request a wage and income transcript from the IRS. This is not proof of no income. It will merely show income, if any, reported to the...
You should work with a tax attorney in Indiana to resolve these issues. It may be possible that you only have responsibility for the Trust Fund...
Mr. Head's answer is correct. You mother may have to pay taxes on the entire amount of the malpractice lawsuit, even though she made a gift to you...