Can the IRS assess your tax (via code 290), adjust the tax to a lessor amount, then add it back again? What would the CSED be?
Charlotte's answer
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Answered on January 04, 2018
Without looking at the transcript itself it is hard to determine what the actual CSED is, but based on what you provided, a new assessment would...
Archived
Can I still amend tax return for 2002 if I still have a balance due on the account? ?
Charlotte's answer
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Answered on January 04, 2018
Yes, you can still file an amended return for 2002. You may not be entitled to a refund if the amendment would otherwise generate one, but you can...
Archived
I have owed this this tax debt for the 2005 thru 2010 years, most likly there is already a lien on me. already.
Charlotte's answer
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Answered on December 20, 2017
You should still talk to a tax attorney and pay him or her to review the case. It could be the case that some of the tax liability is already not...
Archived
What are the tax return obligations for a single member LLC
Charlotte's answer
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Answered on December 20, 2017
You need to consult with a CPA or tax attorney regarding these issues, and it should be someone who can also address the CA specific issues. An...
I am receiving an inheritance ,but I currently owe the IRS around $40,000, will they take that money from me before receiving ?
Charlotte's answer
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Answered on December 19, 2017
You have 2 different questions. 1. inheritance is considered non-taxable so it does not need to be reported on your individual 1040.
2. If...
Archived
Would Tax Avoidance a Crime?
Charlotte's answer
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Answered on December 19, 2017
Yes, it is a crime. And yes, Bitcoin is taxable whether mined or bought and sold although depending on the circumstances, it could have different...
Archived
I worked for marketing research company and there are no taxes being taken out of my pay?
Charlotte's answer
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Answered on December 19, 2017
I agree that you should keep copies of all paystubs. Did they give you a 1099-misc. last year, assuming you worked for them last year? I agree...
Archived
Tax Regulation
Charlotte's answer
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Answered on December 19, 2017
I agree with Mr. Cole that "it depends." It really depends on how the father's property is titled and what the real estate laws are in that home...
Archived
Do I owe tax on it?
Charlotte's answer
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Answered on December 19, 2017
I agree with Charles that you should retain someone to assist you with this, particularly since you should appeal the proposed assessment from AL. ...
Archived
What should we do if the tax returns we gave to the US Embassy are incorrect, possibly delaying my husband's return to the US?
Charlotte's answer
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Answered on December 19, 2017
Amend the return, pay the tax that will result from the unreported income, send them the new amended return plus an account transcript once the new...
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