Archived
Car in the name of our 19 year old, who is a college student & claim on our taxes, if we put him on our policy can we be sued?
Ronald's answer
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Answered on December 15, 2013
P.I. lawyers will sue anyone that is potentially a pocket to go after. If you want to be sure that you cannot be named, then put the policy under...
Archived
If someone files my tax return without my permission is it anyway I can find out who it was?
Ronald's answer
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Answered on December 15, 2013
if it was filed by an imposter, order a transcript to see if a refund was issued. some folks file bogus tax returns to try to get the refund as...
Archived
Can the Administrator of my Grandma's Estate be replaced for not paying property taxes or making needed repairs to the house,
Ronald's answer
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Answered on December 15, 2013
you can, and should, petition the court to remove someone acting incompetently.
Archived
How are employment settlements taxed?
Ronald's answer
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Answered on December 15, 2013
you pay income tax on the 18k if the settlement was the replacement of income
Archived
Can I use the sum total of items stolen as loss on my tax forms?
Ronald's answer
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Answered on December 15, 2013
Generally, you may deduct casualty and theft losses relating to your home, household items and vehicles on your federal income tax return. You may...
Archived
I got an inheritance tax form, but never received any inheritance
Ronald's answer
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Answered on December 15, 2013
An inheritance tax is a state tax that you pay when you receive money or property from the estate of a deceased person. Unlike the federal estate...
Archived
Had to move 3 times in 2013. Judge awarded me SSDI since 2008. Will I be taxed? I'm scared. No earned income. More below.THX
Ronald's answer
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Answered on December 15, 2013
None of your Social Security disability income (SSDI) is taxable if 1 / 2 your SSDI plus all your other income is less than:
•$25,000 if you filed...
Archived
Taxes & Settlements
Ronald's answer
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Answered on December 15, 2013
Per IRS Publication 525, settlement income is taxable on Lost wages/back pay. You are only taxed on what you receive.
Archived
If x claims child as dependent, do I still need to adjust my 529 withdrawal by $4k due to x claiming AOTC?
Ronald's answer
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Answered on December 15, 2013
AOTC CAN be claimed on the portion of your qualified 529 withdrawal, used for tuition and books only (not room and board), that represents the...
Archived
A friend bought a travel trailer from a private citizen for $500.00. DMV said $500 was owed in back tax.
Ronald's answer
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Answered on December 15, 2013
Yes, he has a claim. A tax liability equal to the sale value is a substantial item which should have been disclosed. Was there any paperwork on the...
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