Saint Petersburg, FL
Tax Lawyer at Saint Petersburg, FL
Practice Areas: Tax, Chapter 7 Bankruptcy, Tax Fraud & Tax Evasion
The best way would have been to send the money to the IRS before filing BK. In essence what you've done is use a trustee (the friend) to hold YOUR...
The law says if you (the insurance company) pay someone (you) more than $600 in a year in the course of your (insurance company) trade or business,...
It is better to pay the current taxes and not the older taxes. If you pay the older taxes but not in full and you incur a new tax debt, you are...
Your question has already been answered, but I will caution you I have represented five or six lottery winners. Two were for audits and three were...
How do you know (or how does IRS know) you don't owe any taxes? You haven't filed any returns. And unless you have inheritances/gifts or a lot of...
I know where you're going with this. But at least I understand that most minimum security federal prisons are quite nice.
The debt is "forgiven" (the tax consequence happened) regardless of whether or when a 1099 is issued. It's not a 1099 that creates the tax event;...
Section 1231, huh? A tax-free exchange, huh? ok, where's the exchange? There wasn't one, 1231 is inapplicable. You have a bifurcated transaction....
Where do you think the lien was filed? Which county? Search the public records on line for that county and see if there is one. See if it is...
Simple answer: if you know how much it was for, and if you were insolvent (fair market value of ALL your assets exceeded the amount of ALL your...