Archived
Should I use offshore disclosure program or the resident streamlined disclosure programs if all that is missing is fbars/5471's?
Charlotte's answer
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Answered on August 26, 2014
I agree with Dana on this one. It is best to meet with an attorney in your area. The attorney will be able to even write you an opinion letter...
Archived
I am NY resident but my Grandmother lived in FL. She wrote a trust in FL which names me in the trust to receive 25% of the trust
Charlotte's answer
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Answered on August 26, 2014
It really depends on the wording of the trust. Some provisions do not kick in until the time of death. Beneficiaries are able, however, to get an...
Archived
Do I need an attorney?
Charlotte's answer
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Answered on August 25, 2014
The action that the investment is taking does not seem legit. You should hire an attorney for the specific purpose of sending them a demand letter.
Archived
What can I do with the cancellation of debt taxable income on a deed in lieu of foreclosure? File bankruptcy on taxes owed?
Charlotte's answer
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Answered on August 25, 2014
I agree with the others. It really depends when the debt is forgiven. If it was forgiven in 2014, then you will be unable to take advantage of...
Archived
Can you change a name on a s corp return?
Charlotte's answer
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Answered on August 25, 2014
You can file an amended corporate tax return for the sole purpose of removing the name.
Archived
Will I be responsible for taxes on the amount forgiven in short sale?
Charlotte's answer
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Answered on August 25, 2014
If you are on the promissory note, than any debt that is forgiven is considered as cancellation of indebtedness income, or COD income. When...
Archived
Fl probate question and its tricky
Charlotte's answer
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Answered on August 25, 2014
Unless there is a charge for advice and consultations prior to when the representation agreement was signed - and it would have been disclosed to...
Archived
In a Florida foreclosure action can a defense lawyer be brought in at any stage of the case?
Charlotte's answer
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Answered on August 25, 2014
Yes, you can bring a Defense Attorney in at any stage in the game, but I usually recommend you do so early. You need not hire an attorney who is...
Archived
For the IRS offshore dislcosure programs, can I advise that I want to enter, but that I need time to prepare filings?
Charlotte's answer
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Answered on August 25, 2014
Dana is correct. You will need a good tax attorney in Florida who can counsel and assist you in determining the best course of action. The usual...
Archived
What version tax form should I use to file delinquent information returns like 5471?
Charlotte's answer
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Answered on August 25, 2014
There isn't much I can add to my college's answer, but I will stress the need to find a tax professional in your area. FBARS and other disclosure...
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