Will LLC managing members be held personally responsible for back taxes, and FTB fees, if the LLC is abandoned?
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Answered on March 21, 2016
What returns? California or federal?
I am not licensed to practice in California and therefore render no opinion with regard to state law...
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How do I deduct 100% of the amount I pay for COBRA from my income?
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Answered on March 21, 2016
If you are paying $600 a month for your health insurance these premiums are considered a medical expense which is deductible as an itemized...
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Can I claim him as a dependent on my fed. taxes and, if I do, will I be responsible for any legal debts he may acquire (lawsuit)
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Answered on March 19, 2016
If you are providing more than 50% of your son's support you may claim him as a dependent as it appears from your facts that he meets all other...
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Should I report cancellation of debt even with no 1099-C received? I'm insolvent now, but I will not be if 1099-C comes later.
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Answered on March 18, 2016
I can see your point of view. Personally though I would side with the accountant and wait until I received notification as to date on which the...
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Spousal support
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Answered on March 18, 2016
Alimony is income to the spouse that receives it and a deduction to the spouse that pays it.
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Can my wife file as head of household how many dependents can she claim
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Answered on March 18, 2016
Even though you were still legally married as of December 31, 2015 your wife may file as head of household if all of the following apply:
If you...
Why am I receiving a Jeopardy Notice of Use Tax Determination and Assessment?
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Answered on March 18, 2016
You need to consult with an Illinois attorney who handles state and local taxation. This is not an IRS or federal matter.
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I've been separated for over 2 years. My husband filed married filing jointly, without my consent. Now I can't do anything.
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Answered on March 18, 2016
Your boyfriend would be entitled to claim the children as dependents if they are under 19/24 (if student), they are not married/filing joint...
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Do I need to file IRS back returns, and how?
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Answered on March 18, 2016
If there was no activity the returns should be simple enough to file. I always recommend to clients that all required returns be filed. For one you...
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How do i convince the irs that an alleged 1099c issued to me is incorrect or the bank that it is a mistake?
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Answered on March 18, 2016
A 1099C is issued when a debt is forgiven. Since it appears you are aware that it relates to a credit card or small loan you probably also know...