You may have a lien filed if you owe taxes and it may be a fancy solicitation letter from a resolution company that may employ an attorney. You...

You have a few options. 1. you can file the return with it and then later amend. 2. You can take a contrary position by disclosing the 1099-C but...

I think it is a good case if it is clearly a transcriptional error which it sounds like it is. You should try to administratively appeal it, if...

Can the irs tax your earned income credit.

Yes, if you owe back taxes, they take the refund and credit it to past liabilities.

If someone gives you a 1099 for monies received as a gift to avoid overages in yearly gift amount is that tax evasion?

This is a touchy subject. If you have substantial authority and documentation to support taking a contrary position on your return, it could put...

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You will not be able to file bankruptcy for those tax periods yet. Under the bankruptcy 3 years, 2 years and 240 day rules, you can discharge...

Who gets my assets, the FTC or the IRS

I would need more facts of the situation since it is fact dependent. While the IRS may have a prior lien if these assets are linked to the FTC...

Tax consequences of foreclosure and capital gains.

There should be a step-up in basis so the estate may not pay anything. You will want to work with a CPA when filing taxes to make sure this is...

I want to lend a friend money to pay his taxes however I want to place a lien on the house to make sure I get my money back

You would do this with a promissory note and mortgage however, you will want to have a title search done before to see what priority your lien...

A producer wants to buy my life story. I'm a disabled police officer. Will this effect my Pension? What are tax liabilities?

I agree with Ms. Brede. But yes, there would be tax consequences such that you would end up owing taxes to the IRS. What would that do to your...