Archived
Was this a common way to calculate tax basis? Do I need a tax attorney or CPA to hire vs. IRS? Do I have a good argument?
Magda's answer
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Answered on March 11, 2016
I don't think you have a valid argument. If I understand correctly you used a 2014 allocation of the value of land and improvements and used that...
Archived
Do child's father need last four digits of child's social security number to purchase home, when child lives with mom?
Magda's answer
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Answered on March 11, 2016
I don't understand why you ex would need your minor child's social security information. If I were you I would ask him these questions and ask to...
Archived
I still need to file a quarterly tax return?
Magda's answer
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Answered on March 11, 2016
What quarterly return are you referring to? If you mean your estimated taxes (1040-ES) for self-employed individuals the answer depends on whether...
Claiming one child in odd or even numbered years
Magda's answer
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Answered on March 11, 2016
It generally refers to the tax year involved. Understand that we file our tax returns the year after. For example, our tax return for 2015 is due...
Archived
Can I become a US Citizen even if I have not filed taxes them during the last 5 years although I have worked as self-employed?
Magda's answer
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Answered on March 10, 2016
It is best to discuss this matter with your immigration attorney. If you were planning on doing this on your own you may want to reconsider and...
Archived
Can i file tax return as Single and will it impact my Green Card Process? Or whats the best way to file tax return?
Magda's answer
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Answered on March 10, 2016
No, if you were married as of 12/31/15 you can only file as married filing jointly or married filing separately. Contact a tax professional as...
Archived
What do I do?
Magda's answer
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Answered on March 10, 2016
If you are an independent contractor then your employer will not be withholding any taxes from you. They are not required to have you fill out the...
I cashed out my 401k the day after i filed chapter 7 . attorney said to wait until discharge. If i hold the check am i safe.
Magda's answer
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Answered on March 09, 2016
You already have an attorney. It seems to me that you should follow your attorney's advice. Not sure why you would cash out your 401(k). You should...
Archived
Im not working at the moment and i havent filed my 2015 taxes yet.What can i do to stop them from taking my return
Magda's answer
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Answered on March 09, 2016
If you are required to file a return for 2015 I recommend that you file it timely. If you do not you will incur a penalty for not filing/filing...
Archived
If I claim my adult niece as a dependent on my tax returns, will this affect her ability to obtain Social Security Disability?
Magda's answer
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Answered on March 09, 2016
It appears from your fact pattern that your niece is not receiving SS disability benefits. In order to be eligible for disability benefits she must...