Archived
My mother died (only asset is small checking acct) she owes past taxes and was making payments -am I responsible to pay balance?
AnnaMarie's answer
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Answered on February 20, 2019
Did the checking account have a POD (pay on death) or TOD (transfer on death)? If there is no property and the only asset is the bank account, and...
Archived
In which state should a trust be written? and what type of trust, unless there is a better solution
AnnaMarie's answer
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Answered on February 20, 2019
If your husband lives full time in Florida then he is domiciled in Florida and any estate planning documents that relate or involve him should...
Archived
Offshore Account
AnnaMarie's answer
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Answered on February 20, 2019
The answer is that it depends. The tax analysis is a lot more in-depth than where the company (not an entity election option) is registered and...
Can my social security be garnished for state taxes?
AnnaMarie's answer
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Answered on February 20, 2019
You should work with a tax professional so they can assist you in making sure your social security is not garnished. You can work with a tax...
At what age do you not have to pay property taxes in Florida?
AnnaMarie's answer
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Answered on February 20, 2019
No. That is not accurate. Property taxes always need to be paid. There are exemptions that may be available that would lower the amount of tax...
Archived
Can I file for a 2018 tax extension if I'm currently in Currently Not Collectible?
AnnaMarie's answer
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Answered on February 20, 2019
As long as you are in compliance - yes. Remember that an extension to file is not an extension to pay. If you qualify for Currently...
Archived
Does taxable earning limit apply outside the US?
AnnaMarie's answer
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Answered on February 19, 2019
You would need the advice of a tax professional that is familiar with both domestic and foreign income sources as well the individual figures you...
Archived
Can I deduct losses from my earnings?
AnnaMarie's answer
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Answered on February 19, 2019
Personal losses are not deductible but business losses are. You would need to be in the auto sales business (or similar industry) to deduct a loss...
Archived
Is h and r block responsible for my tax debt
AnnaMarie's answer
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Answered on February 19, 2019
Did you buy the HR Block insurance policy?
Archived
Can I use my solar tax credit on back taxes owed?
AnnaMarie's answer
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Answered on February 19, 2019
The amount of the refund will taken and used to offset liability from previous years. Depending on the amount of the IRS debt and your financial...
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