Re: Wedding v CALPERS payments to litigants. Are the payments taxable income? Is any reporting of them required?
Kaye's answer
|
Answered on April 05, 2024
Under IRS regulations, if you paid your long-term care insurance premiums with after-tax dollars, any benefits or refunds you receive from the...
Do I have to pay taxes on a settlement recieved from my mother’s nursing home neglect law suit ?
Kaye's answer
|
Answered on April 05, 2024
According to Treas. Reg. 1.104-1 wrongful death settlements are non-taxable, because they are considered part of a claim that resulted from...
If I built a house and sell it in 2024 but I started having expenses in 2023. Do I have to report those expenses on the 2023 Tax
Kaye's answer
|
Answered on April 05, 2024
Your 2023 "expenses" should be capitalized. You really need to have your 2023 & 2024 income tax returns prepared by a CPA. He/she can give you...
Do I need to file Schedule H (form 1040) if I hired my mother-in-law to babysit?
Kaye's answer
|
Answered on April 05, 2024
Since you withdrew $5,000 from your FSA, you should report the amounts that you paid your MIL on Schedule H. You should also put your MIL on...
Can I sue for damages?
Kaye's answer
|
Answered on April 05, 2024
You cannot sue IRS, but you may have a cause of action against the payroll company for consequential and foreseeable damages. You should consult...
Do different retail stores apply different tax rates? Ex: a gas station retail taxed at 6% and a dollar store retail taxed at 7%
Kaye's answer
|
Answered on April 05, 2024
Yes, if they are in different taxing jurisdictions. For example, the City of Columbus straddles the county line between Delaware & Franklin...
Can an ex spouse force the other spouse to sign a MFJ amended tax return?
Kaye's answer
|
Answered on April 05, 2024
If IRS has filed an assessment against the ex-husband for 2018, then there is no need for him to file an amended MFJ return. He just needs to set...
Does an estate have to file Federal income tax for every year the estate is open even though No income was generated for the ye
Kaye's answer
|
Answered on April 05, 2024
If a tax return was filed for the preceding year, then it is best to file another return the following year showing that the estate was closed.
Can I rent my personal car to my single member LLC?
Kaye's answer
|
Answered on April 05, 2024
Not sure I understand what you are doing. If the business of the LLC is renting out cars, then the cars should probably be titled in the name of...
How do I proceed ?
Kaye's answer
|
Answered on April 05, 2024
It sounds as though you need to consult an expert probate law attorney. Choose someone who is experienced and knows what they are doing. Expect...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained