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...
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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...
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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...
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By law, does not the nonprofit have to release their financials to the public? I have concerns of their tax reports and they wil
Magda's answer
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Answered on March 09, 2016
In accordance with the IRS:
"Tax-exempt organizations must make annual returns and exemption applications filed with the IRS available for public...
Archived
Who has the right to claim my daughter as a dependent myself or my ex-wife?
My daughter is living with me full time and has for
Magda's answer
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Answered on March 09, 2016
Generally the custodial parent gets to claim the child as a dependent. In order for the non-custodial parent to be able to claim the child as a...
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Do I have to refile, or will I get in trouble, if I do not file this, after I have already paid several thousands of dollars,
Magda's answer
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Answered on March 09, 2016
The tax effect would probably negligible. My recommendation is that you file amended returns to include this omitted income and pay the...
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In an OIC that an offered amount is established, does the monthly payments get deducted from the offerred amount?
Magda's answer
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Answered on March 09, 2016
Assuming that the monthly payments are being made in conjunction with the submission of the offer, then yes. In your example if the offer were...
Archived
Is their anything i can do
Magda's answer
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Answered on March 09, 2016
I am not really sure what you filed, when you filed it and what you are expecting back.
I would start out by contacting JH and obtaining not only...
Archived
Would buying a home and putting the title into my daughters name be considered a income or gain for her and taxable?
Magda's answer
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Answered on March 09, 2016
The IRS does not provide legal advice. There are private letter rulings issued by the IRS, but that is an exception and not generally used for the...
Archived
Am I liable for her medical expenses? Should I continue to put her as a dependent on IRS return? does that compromise Medicaid?
Magda's answer
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Answered on March 09, 2016
Unless you co-signed or somehow assumed responsibility for the medical expenses at the time they were incurred you are not legally responsible for...
