A while ago in 2007 I had credit cards I never paid back. Do I owe IRS on a cancellation of debt? I never paid partial payment

Cancellation of indebtedness constitutes income unless you are subject to certain exceptions. This is for informational purposes only and should...

Capital gain taxes

You have not provided sufficient facts to answer your question. First, you must determine your tax basis in the condo; this means taking into...

Should I receive a w-2 or 1099-misc from my employer for backpay received?

I don't believe your former employer is complying with the law. If there was an audit and you were determined to be an employee, it is difficult...

It is my belief that you can deduct your costs in defending your right to the annuity. You may wish to see a local tax attorney as well as a CPA...

Irs civil penalty. Who can help. Chicago hometown

I also agree with the other attorneys' answers and do believe you should have no difficulty contacting an able tax attorney who will need to know...

I dissolved a CA LLC on March 1, 2012. Is 2011 consequently the last taxable year for CA as far as the FTB is concerned?

Since the CA LLC existed in 2012, I believe a 2012 return would be advisable (you would also want the S/L to run on the 2012 year. This is for...

If I invested in an IRA into what I now believe was a fraud (TATF) how can I legally claim a loss in tax law?

There are a number of questions with respect to your situation. For example, what was your tax basis in the IRA? You do not need to establish...

My spouse already did joint taxes without waiting for a couple more of my w2s! We are now separated

Did you sign the return? The IRS will likely ask you why you signed, knowing that information relating to your own income was missing. I also...

I agree with one of the other attorneys who suggested you ask why the other parties want you to complete a w-9 form. I also agree that...

I believe you need to bring your situation to the attention of the IRS rather than wait for them to contact you. Doing the foregoing increase...