Is this taxable income?
Generally, the answer would be yes. However more information is needed, since part of the compensation could be for reimbursement of expenses....
Princeton, NJ
Tax Lawyer at Princeton, NJ
Practice Areas: Tax, Tax Fraud & Tax Evasion, Business
Generally, the answer would be yes. However more information is needed, since part of the compensation could be for reimbursement of expenses....
It all depends upon whether the IRS considers you a responsible person and whether the failure to pay was willful. The Trust Fund Recovery Penalty...
Generally, if your investment in an LLC becomes worthless you could claim the loss. Your basis would be reduced by any distribution received from...
There are several possibilities. First, you can enter into an installment agreement. Based upon you financial circumstances you may be able to be...
If the request was made pursuant to a request for production of documents, unless you file a timely objection or file a motion to limit the...
You may not amend a tax return to alter tax filing status from single to married filing separate. Going forward your husband can file married...
First, when did you file for innocent spouse relief? When did the IRS make its decision? The answer to these two questions may impact what you...
If the tax year relates to a year while you were married you and your ex are joint and severally liable. That means that the IRS can come after...
Generally a tax lien will show up on a credit report. The IRS and the state of Illinois would have to send you a notice of federal tax lien and the...
The question depends upon whether you ar considered a U.S. Taxpayer. Based upon the facts, it would appear you are no longer a US tax resident. As...