Archived
If the current value of a vehicle is less than remaining loan amount, should any exemption still be entered on Sch C?
Magda's answer
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Answered on February 06, 2018
Exemption? To what? What are you reporting on Schedule C? The only thing that I know of on Schedule C that has anything to do with automobiles is...
Offer in compromise satisfied with all payments being made. With the settlement being paid in full, will my tax refund still be
Magda's answer
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Answered on February 06, 2018
The IRS will retain your 2017 refund. This is part of the agreement that you signed when you applied for offer in compromise.
Archived
Tax and va fraud?
Magda's answer
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Answered on February 06, 2018
Have you seen his tax returns? How do you know that he has claimed you and your sons as dependents on his tax return?
With regard to your son,...
Archived
Can a loan servicer provide my social security number to another servicer who acquires the property after a forclosure ?
Magda's answer
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Answered on February 06, 2018
Usually your original loan documents specify that the loan servicer may assign the loan to another service company and that you agree to this. That...
Archived
I have an ex employee that quit and wants me to sign a loss of income, can this affect the business anyway?
Magda's answer
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Answered on February 05, 2018
Not sure what a loss of income form is. I personally would not sign it without having it reviewed by an attorney. How will signing the form affect...
Archived
How do I pursue adverse possession of a condo in Orlando, FL?
Magda's answer
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Answered on February 04, 2018
This is not really a tax question. Perhaps a real estate attorney would be able to address your question.
Archived
Can I claim depreciation on rental property?
Magda's answer
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Answered on February 04, 2018
You need to get a knowledgeable cpa to prepare your return. The rules regarding rental real estate can get a little tricky due to passive activity...
Archived
Can I refuse to tell a collection agency who has won a judgement against me where my disability is being directly deposited?
Magda's answer
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Answered on February 04, 2018
If a judgment is entered against you, the plaintiff can do discovery in aid of execution and you have to disclose financial information. In any...
Archived
Can I take my husband back to court because he hasent been following the court decree
Magda's answer
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Answered on February 04, 2018
You need to discuss this wih the attorney who handled your case. This is not a tax question. Not sure what is proper category....family, commercial??
Archived
Can a lien by the NFA be taken out of a lump sum back payment from Social Security disability.
Magda's answer
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Answered on February 03, 2018
Without really looking into it and getting more specific facts, I would guess that:
1. If the proceeds from the law suit have some sort of...