Archived
I am interested in starting a non-profit organization. At what point should I get an attorney involved in this process
Magda's answer
|
Answered on March 07, 2016
I strongly recommend that you not attempt this on your own. There are many legal and tax aspects of which you need to be aware...what activities...
Archived
Do I have to give them my tax information by law since I was never an "employee"
Magda's answer
|
Answered on March 07, 2016
If when you began working there you were hired as an employee, the employer was required to obtain certain information from you such as SSN, etc....
Am I still allowed to claim my son as a dependent on my taxes, even though he didn't live with me?
Magda's answer
|
Answered on March 07, 2016
There are several requirements which entitle a parent to claim an exemption. One of them is that you must provide 50% of the support. It sounds...
Archived
How do I file 2014 taxes?Married separate? I do not have reportable income? Husband will most likely file married Joint
Magda's answer
|
Answered on March 07, 2016
I agree that you should file your 2015 return as married filing separately ASAP. Since you are still married this is the only status you may use on...
Archived
Will I have to pay taxes on the forgiven mortgage debt? Will my ex-wife have to pay tax on the forgiven mortgage debt?
Magda's answer
|
Answered on March 07, 2016
Hopefully the mortgage was listed in the bankruptcy. If it was and you received a discharge (which included the mortgage) then you are not...
Selected as the best answer
Archived
Is there a way to avoid gift tax for the donor on a gift of $70,000 when parents gift it to two adults and one minor?
Magda's answer
|
Answered on March 07, 2016
Your parents can split the gifts. Hence, your mother and father can each give you $14,000 (making a total of $28,00). They can do the same thing...
Archived
I had a tax lien placed on my credit report a month after the filing of my chap 7. Can I remove it from my file.
Magda's answer
|
Answered on March 07, 2016
Under the provisions of the Fair Credit Reporting Act a lien can appear on your credit report for 7 years AFTER it has been paid. I assume that...
Archived
How do I determine the value of my car as a liquifiable asset that creditors may come after?
Magda's answer
|
Answered on March 07, 2016
You can determine the value of your car by either getting an auto appraiser or by going to one of the commercial publications. Kelly Blue Book and...
Archived
Can I file Ch 7 bankruptcy 1 1/2 years after finalizing Ch 13? How much will this cost me?
Magda's answer
|
Answered on March 07, 2016
I am not sure what you mean by "finalizing a Chapter 13". If you obtained a discharge in the Chapter 13 and are seeking a discharge in the Chapter...
Archived
Moving expenses added to box 1 on W2 and increasing tax liability
Magda's answer
|
Answered on March 07, 2016
IRS Publication 521 discusses moving expenses at length. I recommend that you review that publication to determine whether or not your...