The W9 is just a request for certification/verification of your niece's tax ID (social security number). You do not owe any tax because of the W9...

I was arrogantly told by an attorney based out of Tustin CA that no one goes to prison for tax fraud and tax evasion. T or F?

This is not true. In 2010 I had a client who had failed to file tax returns for 5 years. They also had all their income paid to a Corporation but...

What are good reasons for asking that your Chapter 13 Bankruptcy be canceled?

It has already been suggested that you do not dismiss your case but instead convert to a chapter 7. The new chapter 7 will discharge the new debt...

Ex business partner committed fraud. Company is in receivership. Taxes haven't been filed. What happens?

It is not unusual that taxpayers have not filed tax returns and no longer have access to the records to prepare accurate returns. This is how...

Can current(ongoing) year's capital loss be considered as assets (tax attributes) in chapter 7 and chapter 13 bankruptcy?

An understanding of basic accounting is crucial here. Understand that a capital loss for the most part is useless. The tax rule is that a...

Need help on our house, we filed ch.7 and B.O.A. sold our mortgage and new co. is trying to push us in to a short sale

It is important to understand that your mortgage lender is a secured creditor. This means that the creditor has a collateral interest in your...

I am a potential buyer of a piece of real estate, the corporation that owns the land is in Chapter 11 bankruptcy, however,

All the answers submitted on this question are true but they do not tell you what to do. The Trustee has abandoned the property you should not...