Do I need to include Debt that was forgiven in a Settlement in my Taxes, if I applied for Bankruptcy later on in same year?
Magda's answer
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Answered on April 10, 2022
When a creditor releases a debtor from any portion of the debt owed, the forgiven portion is income for federal income tax purposes. When you...
Is a tax attorney worth the $ to help with back taxes?
Magda's answer
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Answered on April 10, 2022
The IRS is not your friend. The IRS does not represent your interests. The IRS cannot provide you legal advice. The IRS has its own attorneys and...
Bought a house I. Kissimmee Florida?
Magda's answer
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Answered on March 27, 2022
You cannot claim a Florida homestead exemption until you are a resident of Florida. You can buy the home now and apply for homestead when you...
How add name on warreenty deed in FL and make sure does not affect homestead exemption?
Magda's answer
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Answered on March 27, 2022
Simply adding a person to your home's title constitutes a transfer and has various negative implications. It is not recommended as doing so has...
Late 2020 taxes owe nothing ?
Magda's answer
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Answered on March 11, 2022
Late filing fees are based on the tax due. Since you owe no taxes, you would not incur a late filing fee. However, be aware that you have 3 years...
My chapter 11 is finalized, do I have to keep residency in Florida to protect my homestead?
Magda's answer
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Answered on March 08, 2022
The Florida homestead exemption is only available to Florida residents. If you will no longer be a resident of Florida, then the homestead...
Do I have to file?
Magda's answer
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Answered on March 04, 2022
If you earned no income and have no other type of income that needs to be reported that is above the required threshhold, then you are not required...
Child support
Magda's answer
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Answered on March 02, 2022
If the parent is delinquent on child support obligations and the parent has been reported to the federal agency by the state, then the tax refund...
Can anyonefile w7??
Magda's answer
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Answered on February 28, 2022
Form W-7 is used to apply for an IRS individual taxpayer identification number (ITIN).
An ITIN is for individuals who are required for U.S....
Need pro-bono tax attorney to represent me?
Magda's answer
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Answered on February 25, 2022
Reach out to the legal aid office in your area.