If you did not sign the reaffirmation agreement then you are not personally liable on the loan. In order to have been liable not only would you...

Can I claim an overpayment from the irs even though it's been over 3 years?

Generally a refund is due within 3 years of filing a return. Assuming the 2011 return was timely filed the time to claim the refund expired in...

I've discovered a more relevant solution to my situation referencing withdraw of retirement funds.

I am not sure what you are trying to accomplish. If you think that by doing this you will be able to withdraw the retirement funds without...

What are the benefits of becoming incorporated from a business/tax standpoint as a real estate agent?

The main benefit of a corporation and LLC are limited liability, ease of transferability, only needs one member and uninterrupted existence. An...

Can my outstanding tax debt be included in my bankruptcy?

If you did not file your tax returns then the taxes cannot be discharged. However, the debt you owe the IRS still needs to be included in the...

I am new resident (green card holder and have question about payment of yearly tax

The money you receive from your parents is either a gift or a loan. Neither of these is income subject to tax and need not be reported on your tax...

What can i do about this situation?

You should be discussing this with your bankruptcy attorney. Unless the trustee abandoned the car it is possible that the car may still be property...

Is this statement correct?

For federal purposes an LLC which has only one owner is considered a disregarded entity and the income is reported by the owner in his/her income...

This will probably a capital improvement. However, I would consult with a CPA to verify.

Can I get an iPhone and write it off as a tax deduction?

You may deduct the ordinary and necessary expenses that you incur in carrying on your trade or business. Many times the key is to maintain good...