Will we face any potential problem (such as being audited) with IRS if we stop filing Schedule F for our small farm enterprise?
Kaye's answer
|
Answered on October 10, 2024
It sounds like you don't have a CPA, which is very unwise. Anyone who is trying to run a business of any kind should have a bookkeeper AND a CPA....
I'd like to utilize a QDRO and make a lump sum payout for alimony from my 401k directly to my wife's bank account
Kaye's answer
|
Answered on October 08, 2024
Talk to your divorce attorney. You may need to get a modification of your divorce decree in order to do what you want to do.
Why am I being taxed twice on my pay check?? Once for regular taxes and then employer paid taxes.
Kaye's answer
|
Answered on October 08, 2024
Without reviewing your pay stub, nobody can determine exactly what is going on. If you think you are being taxed twice, talk to your HR...
What is best approach for non-citizen, non-domiciled UK-citizen spouse to handle assets of recently deceased US citizen husband?
Kaye's answer
|
Answered on October 08, 2024
If your son had named a beneficiary on his IRA, then that would pass outside of probate; otherwise not. Same with the brokerage & bank accounts. ...
How to break an unbreakable trust where everybody is deceased in the trust?
Kaye's answer
|
Answered on October 08, 2024
Sorry. Nobody can help you without more information and without reviewing the trust document. However, if the property is still in...
Is an executor liable if an heir to the estate receives the inheritance money and owes back child support?
Kaye's answer
|
Answered on October 08, 2024
As long as the Executor fulfilled his/her legal responsibilities and administered the estate properly, there is no liability for the Executor.
Will I have to pay taxes on a repossession that's not payed off?
Kaye's answer
|
Answered on October 06, 2024
If/when the lender issues a 1099-C, you will required to report the amount on the 1099-C as income on your income tax return.
Do I need to report my deceased husband's 1099C Cancellation of Debts to the IRS?
Kaye's answer
|
Answered on October 05, 2024
Unfortunately, it's really too late to get professional assistance at this late date, as the deadline for filing is 10/15. Without knowing more...
If my sister pays me 1/2 of the current value my fully paid condo as an investment what is my tax liability to those funds.
Kaye's answer
|
Answered on October 05, 2024
What she pays you, minus 1/2 of what you originally paid for the condo, less 1/2 of accumulated depreciation would be taxed as long term capital...
My previous employer is not giving paystub and letter head when IRS asked to provide, how can i file a complaint?
Kaye's answer
|
Answered on October 04, 2024
Not clear why you need letterhead and a pay stub. What are you trying to accomplish? Is this in response to an audit inquiry?
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained