Archived
Can I file 1040X if I forgot to send in my 1099 from Uber & can I claim a credit for attending a medical trade school?
Magda's answer
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Answered on September 04, 2018
Yes, you can amend your 1040 by filing a 1040X. If you anticipate a refund as a result of the amendment you must file the amended return by April...
Archived
Does a premarital Investment account turn into marital if marital funds were added for a couple days and then transferred out?
Magda's answer
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Answered on September 04, 2018
It seems to me that this question is best answered by a family law attorney who is more well versed on what constitutes a marital asset. I have...
I received a notice of abandonment for my vehicle from my trustee and lawyer, does that mean that I can now trade it in?
Magda's answer
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Answered on September 03, 2018
If you have official notification that the trustee has abandoned the vehicle, it is no longer property of the estate. However, since you are...
Archived
What do dual citizens have to declare?
Magda's answer
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Answered on September 03, 2018
The rules on foreign assets are complex and there are several different filing requirements. The penalties for failure to file are substantial. I...
Archived
I am inheriting about 80K from my father's irrevocable trust (he recently passed away). Are the proceeds that I receive taxable?
Magda's answer
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Answered on September 03, 2018
An inheritance is not subject to income tax. However, if the inheritance is an income producing asset, the income generated by the asset in the...
Archived
In Florida can I be held responsible for my husbands credit card debt if doesn't pay?
Magda's answer
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Answered on September 02, 2018
Since your husband applied for the credit cards by himself, you are not liable for his debt. Only if the debts were joint could you be responsible.
Archived
I owe past due taxes from 2006 and my case is temporary closed as my husband has cancer and i am the only one working
Magda's answer
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Answered on September 01, 2018
Not sure whay you mean when you say your case is closed. A 2006 year may have already expired since it is over 10 years. Or it could be that case...
Archived
How do I go about hiring a cpa to handle my audit and what should the price differentiation be?
Magda's answer
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Answered on August 31, 2018
When looking to hire a professional you should look into:
1. Their education and experience. A professional with 2 years of experience will not...
Do I get paid for overtime if I work under 1040 form?
Magda's answer
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Answered on August 30, 2018
Whether or not you are entitled to over time depends on whether you are an exempt or non exempt employee and other factors. This is a matter for an...
Archived
Will it affect my chances of obtaining a green card through my husband (who is a US Citizen) if he owes back child support?
Magda's answer
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Answered on August 30, 2018
I think you are better off asking an immigration attorney this question. It really has nothing to do with tax other than the fact the refund is...