Tax law question on lawsuit settlement payouts, is amount paid out by an S corp in a settlement tax deductible.

My colleague is correct. The deductibility of the claim depends upon the type of settlement. You should meet with tax counsel or a CPA to...

It depends upon the specific situation. The facts and circumstance vary for each individual case and are made by a court on a case by case basis. ...

Can i use my rent money to pay my landlords delinquent taxes

See my previous answer to this question

Employing a Foreigner Independent Contractors

Yes, there are also other forms the foreigner must fill out to indicate that US taxes do not need to be withheld. ...

Tax services charging 600 dollars for a simple tax return!

You can contest it, but this is not a tax issue. I would contact the local better business bureau or attorney general regarding the consumer issues.

Can a joint return be filed if husband and wife are separated and have a notarized letter agreeing on child support.

If you are legally married you can file jointly. I am not sure I understand how the wife would not be an exemption if the filing is joint though. ...

Can I use my rent money to pay my landlords delinquent taxes?

You can claim the taxes and then follow your the state's laws on rights of redemption for the property, but you may still have to pay the rent...

My mom died in April of 2013 and left me 70,800 dollars from a life insurance policy. Will I be taxed on this and how much?

Usually life insurance proceeds are not taxable to the recipient. The estate may have taxes to pay on the life insurance, but it depends upon the...

How to revoke or resubmit my filed tax refund application as the preparer company is cheating me?

If the preparer did something wrong and there are damages then you can take legal action. You can always file an amended tax return; however, I...

Can a non-custodial parent who has ZERO days visitation with the kids claim them on taxes?

If there is no agreement stating he can claim the kids, then based upon this information the answer would be no. However, if there is an agreement...