I have an Offer in Compromise acceptance from the IRS. If I start making more money (and always pay my taxes correctly)... ?
Michael's answer
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Answered on August 17, 2020
Unless your accepted OIC was subject to a collateral agreement, your OIC is complete so long as you do not default on the terms.
If I failed to pay real estate taxes for several years but paid them off in one lump sum, for what years can I deduct them?
Michael's answer
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Answered on August 14, 2020
You can't deduct payments not actually made; thus, since you paid no real estate taxes in 2017, 2018 and 2019, you cannot claim those as an...
How do I file an Offer In Compromise with the IRS, if my wife and I are split and I'm living with family with separate finances?
Michael's answer
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Answered on August 13, 2020
ASSUMING you and your soon-to-be ex-spouse actually qualify for an OIC, you can submit separate offers. Essentially, you each complete a 433-A and...
Archived
Figuring out the USA tax situation when selling US wholesale bought supplements in another country.
Michael's answer
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Answered on August 12, 2020
The answer depends if you and/or your business are US; consult a tax attorney for this as you are (potentially) discussing the complex realm of US...
Archived
Looking at my as statement that I get on a yearly basis, how can I determine if I get SS I or SSDI? Yes, I'm disabled.
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Michael's answer
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Answered on August 12, 2020
Call SSA and ask if you are unsure.
Is it legal to receive State/Federal unemployment benefits while having short term capital gains or being a day trader?
Michael's answer
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Answered on August 12, 2020
Generally speaking, investment income doesn't impact unemployment benefits. Each state, however, has its own formula for calculating benefits and...
Archived
What makes a person with a valid EAD a US resident?
Michael's answer
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Answered on August 07, 2020
You are a US tax resident if you meet the substantial presence test or if you hold a valid green card. If you as a US tax resident, you are a US...
Archived
Can I break a health club contract if I don't feel safe returning to the club?
Michael's answer
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Answered on August 07, 2020
The language in the contract dictates (unless there is a way to invalidate the contract in full or certain relevant clauses); I'm not sure if by...
Archived
What kind of action can I pursue for a breach of employment contract?
Michael's answer
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Answered on August 07, 2020
First, you need to look at the terms of the agreement. Based on what you wrote, it sounds like your employer had to give you 60 days written notice...
Can green card holders work Full-time job and as an Independent Contractor, legally?
Michael's answer
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Answered on August 07, 2020
This seems to be less a Green Card question, and more of a breach of contract question. If you have an employment agreement with your employer, it...
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