Archived
I have a federal tax lien against me for 2-3 years ... can I buy a car (in cash) without it being seized by the IRS?
Charlotte's answer
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Answered on August 02, 2016
You should talk to a local IRS attorney to see if there are settlement options available to you since you may be able to settle the tax liability...
Archived
How do I handle an IRS CP2000 notice?
Charlotte's answer
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Answered on August 02, 2016
I agree with the others. Your return was flagged because it didn't contain income that was reported to the IRS by a 3rd party. If it is 1099...
Archived
How do I get rid of two cars on my property that is not mine? No taxes paid for at least two years. Unable to get titles on cars
Charlotte's answer
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Answered on August 02, 2016
I would call a tow truck company and tell them the circumstances. They will know the law on whether or not they can tow them. Unless you have...
Archived
What I do about taxes that don't belong to me?
Charlotte's answer
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Answered on August 02, 2016
Yikes. What a horrible position to be in. There is no way he should have unilaterally put your name on the permit without your consent. That is...
Archived
Can I withdraw from my IRA tax free to pay a friend yo take care of my disabled wife?
Charlotte's answer
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Answered on August 02, 2016
Talk to a tax attorney or CPA. There may be an exception but there are not enough facts here to determine the best route.
Archived
I Received a 1099C for Student Loan Debt statue of limititations running out. What do I do about the taxes?
Charlotte's answer
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Answered on August 02, 2016
Congratulations, you aren't on the hook for a lot of student loans. Since you received the benefit of the student loans to fund you education and...
What does additional tax assessed 09254-587-08904-6 mean with a cycle date 20162705?
Charlotte's answer
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Answered on August 02, 2016
There is no way to know why an additional amount was assessed without an attorney or CPA looking at the form and your return and possibly an...
Archived
Taking money out of an S-corp
Charlotte's answer
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Answered on August 02, 2016
With S-corps, you must pay yourself a reasonable salary subject to payroll taxes (W-2). You can also take distributions from the company that are...
Archived
My company taxed my back wages more than %54 is there any recourse for me?
Charlotte's answer
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Answered on July 27, 2016
What was the underlying case? If you received back wages as part of the settlement, wages are taxed. Depending on your situation, that may have...
Archived
Why does a $10,000 cash settlement not mean $10,000.
Charlotte's answer
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Answered on July 26, 2016
Settlements are generally taxable as they are considered income. There are some exceptions but divorce settlement isn't one.
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