Archived
Would I then be able to claim both kids on my tax return?
Magda's answer
|
Answered on April 15, 2016
Unless the debt has been paid, he still owes child support. The Chapter 13 will not discharge his child support debt.
If the children lived with...
Archived
Does a federal tax lien attach to the proceeds from a decedent's retirement account?
Magda's answer
|
Answered on April 15, 2016
Was here a probate proceeding? If so, the taxes should have been a claim in the proceeding and should have been paid by the personal...
Archived
Is the bank saving interest (Form 1099) a taxable income for both of federal and state tax return?
Magda's answer
|
Answered on April 15, 2016
Yes you must include interest in both returns.
Archived
Where do you document this gifted income so my AGI on 1040 shows it which will be included in the modified AGI on the 8962 Form
Magda's answer
|
Answered on April 15, 2016
You asked this question before and I provided links.
Gifts are not taxable income and not reported on 1040. Further, gifts are also not income for...
Archived
For citizenship purpose do i have to file tax return?
Magda's answer
|
Answered on April 15, 2016
I always recommend to clients that they file a tax return even though they are not legally required to do so because they fall below the income...
Archived
If I pay property taxes on the land can I have my name put on the title or claim adverse possession?
Magda's answer
|
Answered on April 15, 2016
Adverse possession is a common law principle for obtaining title to land. In modern times most states have codified the manner in which it applies,...
Archived
He filed taxes but the ex had claimed the baby does he have rights to claim baby and if yes what can he do to correct the taxes
Magda's answer
|
Answered on April 15, 2016
If the child lived with your son more than 6 months of the year and provided more than 50% of the support he may want to consider claiming the...
Archived
Where do you document the gifted income so my AGI on 1040 shows it or do I add it on the 8962 Form in the Modified AGI for PTC
Magda's answer
|
Answered on April 14, 2016
A gift is not subject to income tax. Therefore you do not report the gift anywhere on your 1040.
Archived
When can we expect to hear whether or not they are keeping our refund, adjusting our refund, or sending it on through?
Magda's answer
|
Answered on April 14, 2016
If Alabama is anything like the IRS, or most governments entities. it will take more than 8 days for them to receive it, review it and reach out to...
Archived
Will refinancing with my current mortgage lender negate my rights from chapter 7 BK laws?
Magda's answer
|
Answered on April 14, 2016
You will be responsible for whatever you borrow. If you fail to stay current your home can be foreclosed upon by the lender. Since this is a...
