Chicago, IL
Tax Lawyer at Chicago, IL
Practice Areas: Tax, Tax Fraud & Tax Evasion
If it is a private debt, they should not be able to take a tax refund. You should find out if the debt is still legally collectible. John J....
You can do it, but your wife would take the property subject to the lien. She would not get clear title. You could sell your one-half interest to...
You need to consult with a lawyer because, if you owned the auto shop property personally, you will probably have a problem; even if it was...
His tax debt is his separate liability. Make sure that he does not incur tax debt post marriage and if it looks like he is, you will be liable if...
The general rule is that it is income, unless an exception applies, such as a fellowship or scholarship. More facts are needed to answer your...
A repayment of the principal of a loan is not income. Interest payments are income. Make sure you have proof that there was a loan and that the...
There are fraudulent conveyance laws by which the IRS can pursue third parties who receive money without consideration from a tax delinquent. ...
You need to consult with a competent accountant and, assuming the credit card debt is substantial, I agree with my colleague that you should seek...
A US citizen is required to file a US income tax return on worldwide income if the reporting threshold is met, even if there is no tax due. A US...
You may be entitled to penalty relief because you relied on what you thought was a tax professional. It depends on the facts. As for paying the...
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