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E. Martin Davidoff's Answers (1160)

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I just found out the irs owes me from 2002 for an incorrect SS number used when filing. never got the check .can i still collect

E.'s answer | Answered on March 17, 2013

I am uncertain as to the answer to the question because i don't have all the facts. However, the first threshold is that you needed to file your...

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Starting a VOIP business with a softswitch.

E.'s answer | Answered on March 17, 2013

I agree with Mr. Pepper. You need to have a consultation (or several) to properly plan your tax liabilities. In addition to the proper structure...

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Multi-member LLC and income tax question

E.'s answer | Answered on March 15, 2013

I agree with previous answer with one exception. If your multi-member LLC is a partnership for tax purposes (as opposed to electing to be treated...

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Can I write off my mothers' mtg interest, hoa dues, etc. if she quit claims me to the deed?

E.'s answer | Answered on March 15, 2013

You have a potentially complex situation. My suggestion is that you have a consultation with someone about this as you are looking for a...

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Taxes and separation/divorce

E.'s answer | Answered on March 15, 2013

It is too late. You can go from MFS to MFJ, bu tnot the other way around. In addition, innocent spouse is unlikely to work since your...

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Bookkeeper - need to make changes to prior year financial data in the current year. Do I need to report these changes?

E.'s answer | Answered on March 15, 2013

First of all, I do not believe you have a legal obligaton to report the matter. You are a contractor or employee of the company who's books you...

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Can I claim the taxes and interest on a property I am renting to own? I am paying the lender directly every month on the loan.

E.'s answer | Answered on March 15, 2013

If you do not own the home now, you cannot take the tax deduction. Your payments are a rent expense to you and rental income to your...

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Can i get a a tax return if i filled married filling separate indicating personal exemption on my self because i had zero income

E.'s answer | Answered on March 13, 2013

Your question doesn't seem to make sense. May I suggest you repost with greater clarity.

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Can a non-custodial parent be reported to the IRS for claiming the EIC without a signed 8332 form from the custodial parent?

E.'s answer | Answered on March 13, 2013

I would suggest you reconsider your approach. You have made it clear that you get no benefit from the exemption of your daughter. Why not let the...

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What do I need to send to IRS to get an automatic waiver for 60 days IRA distribution?

E.'s answer | Answered on March 13, 2013

I presume you are talking about the rule in which you can take monies out of an IRA account and roll it over (or put it back) into an IRA within 60...