IRS Form 1099 Misc - Tax Treatment of Awards and Settlements
As Attorney Smith stated, your tax preparer should treat this as a reimbursement for a casualty loss. Hope this helps! Best, Andrew B. Gordon,...
Skokie, IL
Tax Lawyer at Skokie, IL
Practice Areas: Tax, Corporate & Incorporation, Litigation
As Attorney Smith stated, your tax preparer should treat this as a reimbursement for a casualty loss. Hope this helps! Best, Andrew B. Gordon,...
As Attorney Mallen mentioned, you should obtain competent counsel to assist you in this matter. Good luck!
Yes, a lien can be placed on your joint property. I recommend contacting a tax attorney to help you resolve this. I have assisted many clients in...
It may be possible but we need further information. The 4500 balance assessed was for 2009? A later year you received a refund which was credited...
It is possible to pierce the corporate veil, but there are a number of things we would have to discuss. What leads you to believe your money was...
Hello, great and timely question! The US Congress just recently extended the Mortgage Forgiveness Debt Relief act through the end of 2013. This...
Amend your return with the proper documents and pay back the amount refunded.
As attorney Porter discussed, an officer of the corporation should have signed the S election. That being said, there are still opportunities to...
You should pay the estimated tax, but you will likely incur penalties and interest for failure to file the previous estimate returns. You should...
Since your mom is not claiming him as a dependent, she is not able to claim the deduction. However, as Attorney Nielsen mentioned, the discussion...