Archived
Do I have a case? Excessive withholdings, miscategorized employment status; not deducted fed taxes on w2; irs debt.
Magda's answer
|
Answered on June 20, 2016
The withholding amount depends on the status and number of dependents you claimed when you submitted the W-4 to your employer. It sounds like you...
Archived
Do i need to file taxes if i am visiting in the US for six months?
Magda's answer
|
Answered on June 20, 2016
Although you are not a resident for immigration purposes and do not have a green card, you may responsible for filing tax returns in the US if you...
Archived
We were discharged all mortgage debts in chapter 7 bankruptcy. If I do short sale, what is the tax implication on 1099C income?
Magda's answer
|
Answered on June 20, 2016
t seems to me that since you received a discharge in bankruptcy you no longer have any personal liability on these loans. The lender should not...
Archived
How to correct past years tax return for overestimating income?
Magda's answer
|
Answered on June 19, 2016
You can file an amended return to correct the income. Since it is a 2014 return you have until 2018 to file ghe amenment. I recommend that you have...
Archived
Can I sell my vehicle after my chapter 7 is final?
Magda's answer
|
Answered on June 17, 2016
If the trustee has abandoned the vehicle then you can sell it. However, if the vehicle was financed then you have to look at contract to determine...
The Lottery, is it considered unearned income by the IRS and how soon will I have t
Magda's answer
|
Answered on June 16, 2016
The lottery winnings are unearned income since it was not derived from work you have done. I suppose it could be earned income if you are a...
Archived
Taxes Due in The US from The receipt of inherited property in Italy
Magda's answer
|
Answered on June 16, 2016
Inheritances are not taxable income for federal tax purposes. Therefore, your father does not have income from the inheritance. However, for...
Archived
Can I claim EIC only on my tax return for my 19 year old daughter who already filed her taxes, claiming her tuition expenses?
Magda's answer
|
Answered on June 16, 2016
The following link may help you.
https://www.irs.gov/publications/p596/ar01.html
Archived
What do I do if I put my tax refund check into an account that also has my husband named on the checked but he's not longer aliv
Magda's answer
|
Answered on June 16, 2016
If the account is a joint account then you can use the account as you normally would. You should take a certificate of death to the bank so that...
Archived
Who can deduct moving expenses?
Magda's answer
|
Answered on June 16, 2016
If he did not pay them he cannot deduct them. If you pay them you cannot deduct them since you were not the ones who moved.