Archived
Do we need a Tax Attorney when the IRS wants to charge over $4,000 for Late Return which we already requested for an Extension?
Charlotte's answer
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Answered on December 04, 2015
A tax attorney can definitely help. You may be able to get a penalty abatement. $4,000.00 is still a lot of money. If this is the company's...
Archived
Can a joint IRS return filed April 10th, be revoked?
Charlotte's answer
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Answered on November 04, 2015
Mr. Gray is correct. While you can't change the filing status, you will be still able to amend the return if there were incorrect tax items.
Archived
Personal Income tax for LLC owner
Charlotte's answer
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Answered on November 04, 2015
I am not sure how your LLC is taxes. If you are not a US person, then it is likely not an S-Corp, but at any rate, I would need more information...
Archived
Can I split the tax burden of a short sale with an ex-spouse whose name is still on the mortgage?
Charlotte's answer
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Answered on October 22, 2015
If 100K (as an example) was forgiven as part of the short sale and both of you were on the mortgage note, than each of you will receive a 1099-C...
Archived
Do i need a lawyer?
Charlotte's answer
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Answered on October 21, 2015
If you received a statutory notice of deficiency in February and didn't dispute the amount in 90 days than that $3000 is now assessed. You may be...
Archived
Will my spouse not filing taxes affect me?
Charlotte's answer
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Answered on October 21, 2015
It should not since filing married filing separately separates the liability or potential liability. It is recommended that he file asap though as...
Archived
Tax liens from previous marriage... they're collecting from him, not me. If I buy house with fiance will the liens attach?
Charlotte's answer
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Answered on October 21, 2015
I agree with the others that you should hire attorney to review your situation and suggest a course of action. The attorney will need to determine...
Archived
Need to file taxes for most recent two years but have not filed for past 4 yrs. Time is of essence.
Charlotte's answer
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Answered on October 07, 2015
You will need to file all four years. You can efile 2014 and mail the rest together. You will likely incur penalties for failure to file timely. ...
Archived
Travel - business tax
Charlotte's answer
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Answered on October 07, 2015
You are limited in the deductions you can take for travel expenses. Do sit down and pay an accountant and consult with an attorney to set this up...
Archived
Are american Eligible To Exchange canadian Real Estate in a Tax Free Transaction (a Section 1031 Transaction)?
Charlotte's answer
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Answered on September 21, 2015
No. That is not allowed under section 1031(h)(1):
"Real property located in the United States and real property located outside the United States...
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