Archived
Should I claim foreign tax credit for taxes paid in India which will be refunded later as my total income is not taxable there?
Dana's answer
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Answered on January 26, 2015
If you know that you won't owe tax on the income - i.e., that the full amount of the withheld tax will be refunded - then it's better to not claim...
Archived
What can I do if my kids father family member is claiming my kids without permission
Dana's answer
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Answered on January 25, 2015
I assume you mean claiming them on a tax return. You can claim them on your own tax return if you're otherwise entitled to the claim. The IRS...
Archived
Is it legal to mark up a product, such as a coin by ten times it's actual value? Can I sell something for 10x it's worth?
Dana's answer
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Answered on January 25, 2015
Generally speaking, you can ask whatever price you want for something you have for sale; it isn't legal to overprice. The real question is whether...
Archived
How can I dispute my legal fees?
Dana's answer
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Answered on January 25, 2015
Yes. Every lawyer is required to arbitrate fees if the client demands arbitration. If you check on the website for the NY County Lawyers'...
Archived
Can foreign partner /non resedint be officer and/or director for US Corp and receive a salary even if he is not working in USA?
Dana's answer
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Answered on January 25, 2015
Yes. A nonresident alien (viz. the US) can be a director of a US corporation. She or he can also be paid. The taxes would depend on where this...
Archived
Petition the Attorney General to release the lien on tax refund.
Dana's answer
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Answered on January 25, 2015
You could work out exactly what you're likely to owe in income tax for 2015 and then adjust your withholding allowances (claimed on Form W4 you...
Archived
Help! I am a totally and permanently disabled Iraq veteran and just got a 1099-C stating I will owe the IRS for $15,000.
Dana's answer
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Answered on January 25, 2015
The better alternative is to consult with a tax professional to see if you meet the insolvency test for excluding this discharged debt from taxable...
After a car is Repossessed can they take a Federal income tax refund ?
Dana's answer
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Answered on January 25, 2015
What they cannot do is garnish the IRS and force the IRS to send the refund to them. The IRS does not do that for private creditors like auto...
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Archived
Can my X- boyfriend claim my daughter as a dependent on his tax form without my permission or special form.
Dana's answer
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Answered on January 25, 2015
There are two sides to the question: (1) what can he do as a matter of what he puts on paper, and (2) what is he legally entitled to do.
The...
Archived
Can I buy a house in a new non profit name instead of my own name and financials
Dana's answer
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Answered on January 25, 2015
For your own benefit? I.e., as your own home? Generally speaking, no; a nonprofit as such is not supposed to enure solely for the benefit of the...
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