I have a settlement. No explanation of why I received the settlement. Do i have to pay taxes on this money.

Whether you have to include the settlement amount in your gross income for federal tax purposes depends on the nature of the payment (i.e., what...

Can I claim it through my Flexible Spending Account and get the reimbursement? What are IRS and Tax law rule on it?

You can generally be reimbursed for "qualified" expenses related to medical treatment, certain over-the-counter items, and certain dependent care...

Still waiting for a mortgage modification with my lender. Why am I still receiving notices for court regarding forclosure?

Once a lender initiates a foreclosure action, the case will continue to take its course until there is a final judgement or the case is disposed of...

How many times can the Plaintiff in a foreclosure action file amended complaints?

The plaintiff may amend the complaint as many times as the Judge permits. In the case of a dismissal, the plaintiff may amend the complaint/refile...

Multi-member LLC and income tax question

You would continue to report the company's activity as a sole proprietor up to the date on which the conversion to a multi-member LLC became...

Can someone take my SS card and copy it without my permission?

In addition to any other action you might take, I would recommend contacting the major credit reporting agencies as soon as possible to enroll in...

The accountant that prepared my tax return accidentally put my bank account number on another client's tax return for direct

Ms. Shaffner makes some good points. I would add that having your accountant or a tax attorney send some type of correspondence to the Internal...

In Florida, sales of food products for human consumption, including certain baked goods, are generally exempt from Florida sales tax; however,...

Unemployment appeals can be challenging under the best of circumstances. Accordingly, I would recommend that you contact an attorney to review the...

We purchase cookies in a box from a manufacturer and resell them to schools. Are the cookies subject to sales tax?

Are you registered with the Florida Department of Revenue to collect sales tax? Is so, your purchases should be exempt from sales tax if: (1) the...