Are gift certificates that are won thru a contest taxable. Does the IRS need to be notified by the company running the contest?
Magda's answer
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Answered on October 16, 2018
Prizes won through a contest do constitute taxable income which is reported to the IRS on your income tax return. The fact that you received the...
Archived
Is dependency status determined by which parent can prove they pay the
majority of the childs expenses?
Magda's answer
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Answered on October 09, 2018
Assuming all other requirements are met for dependency, in order to meet the support requirement, you must provide over 50% of the child's total...
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Is this legal for my company to do and am I entitled to money?
Magda's answer
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Answered on October 04, 2018
I can't really figure out your question, but the easiest and best thing to do is to speak to your employer to find out what is going on and how the...
Archived
Can I trust net debt program?
Magda's answer
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Answered on October 03, 2018
You should be very wary of legal solutions to problems touted on television. This is paid advertising and not subject to any legal or ethical...
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How can I find out what is do I owe the IRS?
Magda's answer
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Answered on October 02, 2018
You can obtain a payoff figure in three different ways.
1. You can make an appointment with the taxpayer service division of the IRS. They are...
How to respond to a notice of production filed by a creditor before chapter 7 filing
Magda's answer
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Answered on October 02, 2018
If you have not filed for bankruptcy, you cannot invoke the protections offered by the laws of bankruptcy.
Is H &R block responsible for anything. I paid them over $300.00 to prepare my taxes.
Magda's answer
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Answered on September 28, 2018
If they made a mistake and admit it, their errors and omissions insurance policy should cover the claim. Get it in writing if you can. Follow up on...
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What would a retainer be for a a five year marriage involving real estate in equity in the house?
Magda's answer
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Answered on September 26, 2018
I am not sure what the question is here. A retainer? Are you asking about the cost for hiring an attorney? Are you interested in filing for...
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Is there capital gains tax on sale of principal residence before 2 years, married couple both on SS?
Magda's answer
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Answered on September 26, 2018
The fact that your only income is social security is not relevant to determining whether you have a gain on the sale of the home. Gain is...
Archived
Do I qualify for Chapter 7 Bankruptcy in Florida?
Magda's answer
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Answered on September 26, 2018
Although some individuals do not qualify for Chapter 7 bankruptcy under the income test, it is possible that they may still qualify under the means...