If a creditor doesn't send out a 1099 until years after a charge off, would there be tax penalties for the debtor?
Kaye's answer
|
Answered on August 25, 2024
I think you already asked this question, and it was already answered. A debtor reports income from cancelled debt in the year that he/she receives...
I live in Pa. My husband passed almost 3 yrs ago! I was told my name is on the house but not the property.
Kaye's answer
|
Answered on August 25, 2024
You need to consult an expert probate attorney to get the house/property transferred into your name as sole owner. As for PA inheritance tax,...
My credit card was charged off but I wasn't sent a 1099 C, so can I put the card balance as other income on my taxes?
Kaye's answer
|
Answered on August 24, 2024
There is often a disconnect between the time that a debt is written off and when a 1099-C is issued. Generally a 1099-C is not issued until the...
Premium tax credit question?
Kaye's answer
|
Answered on August 24, 2024
I'm sure that Turbo-Tax has a customer service number. I'm sure you will probably have to wait on hold for a while, but your best option is to...
My wife and I own a house with the deed as rights to survivorship with mother?
Kaye's answer
|
Answered on August 24, 2024
In inter-family transfers, there is no right or wrong way to determine a sales price or compensation for past-due taxes. It is generally whatever...
Do I have to pay property taxes first to get the deed to my inheritance house
Kaye's answer
|
Answered on August 24, 2024
When you inherit a property, you take the property subject to any liens -- tax or otherwise --- on the property. You should consult an expert...
Can wages be garnished for not paying occupation tax without notifcation?
Kaye's answer
|
Answered on August 24, 2024
Municipal tax authorities can sometimes try to collect taxes that a taxpayer doesn't really owe. But because the amounts are low, it is...
What if property taxes are overpaid?
Kaye's answer
|
Answered on August 24, 2024
In Ohio, property taxes are assessed by the County Auditor, and property tax rates will vary from location to location depending on the tax...
Can I back Adjusting Property Taxes on a Newly Purchased Home?
Kaye's answer
|
Answered on August 24, 2024
Not sure exactly what you are asking. When someone buys a property, the year's property taxes are pro-rated, so you only pay the taxes owed after...
Can the IRS collect a Form 941 debt from 2017?
Kaye's answer
|
Answered on August 24, 2024
Without more information it is difficult to guess as to whether the IRS collection activity is within the statute, but it sounds like it is. If...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained