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How much tax does a person pay to the IRS if all of their income received was used in their Real Estate Investment Business?
Magda's answer
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Answered on March 21, 2016
This sounds like another permutation of the two prior questions.
For what reason did the person receive $30 million? If it was a gift then donor...
Archived
Closed business that is in suspension status and owe back taxes on it that I cannot pay.
Magda's answer
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Answered on March 21, 2016
What taxes are owed and to whom?
If the entity owes federal employment taxes it is possible that IRS will go after the responsible person for the...
Archived
Can a person have their lawyer write a check to their non-profit organization, instead of their own name?
Magda's answer
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Answered on March 21, 2016
It seems to me that you have asked the same question in a different format.
You cannot avoid paying taxes on income received in a settlement by...
Archived
If my family harrasses me in a deceitful manner because of my chapter 7 bankruptcy. Can this be considered harrassment?
Magda's answer
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Answered on March 21, 2016
How is your family harassing you? Your family can find out all it wants about your Chapter 7, except your social security number, since the filing...
Archived
If there is a judgment against me can the legally seize my income tax return is my return considered an asset
Magda's answer
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Answered on March 21, 2016
A tax refund is considered an asset. However, the IRS generally does not honor private party garnishments but has certain programs in place which...
Archived
Can I be incarcerated for this situation
Magda's answer
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Answered on March 21, 2016
You need to consult a criminal attorney immediately. I would stop posting too much more information regarding what you may or may not have done....
Archived
My question is if they win and I am given a judgment, can they seize my income tax return.
Magda's answer
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Answered on March 21, 2016
If you plan to pay I recommend that you attempt to settle the case by entering into an agreement where the loan company will not enter a judgment...
Archived
How to avoid a high tax bracket when receiving a large settlement?
Magda's answer
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Answered on March 21, 2016
Q1: The income still has to be declared by the person who received it. Then from the income they may have a charitable deduction to a non-profit...
Archived
Is there anything I can do about it?
Magda's answer
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Answered on March 21, 2016
Do you have some sort of court order entitling you to claim your son? If not, can you prove that you provide more than 50% of your son's support....
Archived
Can I file charges or a claim against my employer for not sending in my information and delaying my taxes?
Magda's answer
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Answered on March 21, 2016
The IRS can assess penalties against your employer for failing to file required W-2s. You can file your return by using IRS Form 4852 which is...