Archived
If my divorce decree says my ex-wife claims my daughter for taxes, but she doesn't file taxes, may I claim her?
William's answer
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Answered on January 12, 2017
The above post is correct-- it is safer to get the release if possible so you are not surprised by your ex filing, with resulting interest and...
Archived
Does this tax service company have any right to my property, because they have been paying my tax bill behind my back.
William's answer
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Answered on January 12, 2017
They could have a claim for unjust enrichment for property tax paid within the statute of limitations, among other possible claims, if they think...
Archived
How does taxs work? Is it supposed to alternate? how to find out the details? Do I call the courts or child support?
William's answer
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Answered on January 12, 2017
The above is correct-- the caveat is that the IRS not bound by the State Court, and if the other spouse files inconsistent with the order and if...
Archived
Parent passed leaving small property, so how do we deal with it? One sibling wants, others do not.
William's answer
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Answered on January 12, 2017
If this is the only asset in the estate and is real property, it's worth seeing if you can file the documents and handle it yourself. If you...
If you are a part of a class action law suit and receive settlement. And you owe taxes will the IRS take your settlement?
William's answer
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Answered on January 12, 2017
It is very rare that the IRS is diligent enough to intercept such funds. Once the funds are in your account they are certainly there for any levy...
Recently had timber cut off my property, I have been told I am going to end up owing approx 13,000 in taxes. Can you guide me?
William's answer
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Answered on January 12, 2017
Is there a contract and who signed it? Do you have conservatorship or a financial power of attorney to enter contracts on her behalf? You need...
Can I deduct my ex-spouse's retirement payments from my tax return?
William's answer
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Answered on January 12, 2017
The above post is correct that matching the 1099 will avoid an IRS "adjustment." The subsequent large deduction is still somewhat likely to flag...
Archived
Change a S-Corp back into a regular business entity?
William's answer
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Answered on January 12, 2017
The above posters are correct-- assuming that you are 50% salary and 50% distribution, your FICA tax savings generally far outweigh any normal...
Archived
When should I start trying for donations
William's answer
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Answered on January 12, 2017
You may start soliciting donations after you file the Articles, and before your nonprofit application is approved. As long as the organization...
Can you start a non-profit organization with less than three directors?
William's answer
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Answered on January 12, 2017
Yes, you can. However, when you file your request to the IRS for nonprofit status, they prefer seeing at least 3 Directors (because oversight...