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Chapter 7? my name is on all of my sisters bank accounts. she is the only one who puts money in the accounts.
Magda's answer
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Answered on June 26, 2015
I agree with Mr. Solomon but would want to know exactly how your name appears on your sister's accounts. If you are merely the beneficiary of the...
Archived
I filled taxes with my niece and nephew as dependents. I live with my father. Can I be the one to file if he makes more?
Magda's answer
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Answered on June 23, 2015
It all depends on why the IRS says you owe them money and how this determination was made. If it was a mathematical error then the IRS can make the...
Archived
What is the simplest and easiest way to eliminate income tax debt owed to the IRS?
Magda's answer
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Answered on June 20, 2015
Unfortunately there are no easy answers when it comes to dealing with IRS debt and, especially filed federal tax liens. Although you say the tax...
Archived
Who should I speak with that could remove a paid state tax lein on my credit report?
Magda's answer
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Answered on June 20, 2015
Under the Fair Credit Reporting Act a credit bureau may continue to report the lien for a period of 7 years after it has been paid. Therefore, you...
Archived
Can I make a FOIA request to see if my judgment debtor filed taxes for past couple of years?
Magda's answer
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Answered on June 20, 2015
You may not obtain the tax returns of another individual under a FOIA request unless the individual grants you a power of attorney (2848) . A Form...
Archived
I have an installment agreement with the IRS for 150 per month.
Magda's answer
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Answered on June 20, 2015
The amounts indicated on the credit report is not the best evidence of what you owe the IRS. Further, after the liens were filed your tax debt...
Archived
What is the limit that you can make a deposit to your checking account before you have to report it to the IRS?
Magda's answer
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Answered on June 20, 2015
Repayment of loans are not income and therefore you will not have to pay income taxes when you receive the funds from your brother. If you have...
Received 1099-c, have no income , do i need to file income tax now?
Magda's answer
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Answered on April 06, 2015
Cancellation of indebtedness is considered income for IRS purposes. However, there may be an applicable exception. You should consult with a return...
Archived
How do I file my taxes as an individual?
Magda's answer
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Answered on March 13, 2015
Your parents can legally claim you as a dependent if they provided more than 50% of your support. I assume that you are living at home and since...
Archived
A past school income tax due bill after bankruptcy is discharged.
Magda's answer
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Answered on March 13, 2015
It is difficult to provide an answer to your question based on the facts you have provided. What exactly is a "school income tax"? Under certain...