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If the IRS has a levy on your retirement income can you claim that levy as taxes paid when you file your yearly tax return?
John's answer
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Answered on March 06, 2014
Generally, only if the taxes were state taxes. There is no deduction for the payment of federal income taxes. If the taxes paid relate to a...
Archived
My tax penalties, from retirement after 2004. I am on a payment plan and my tax balance is less than the penalties and interest
John's answer
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Answered on March 06, 2014
Penalties can be abated if reasonable cause is shown. You can request that from the IRS. To the extent penalty relief is granted, interes on the...
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Permission to efile tax return
John's answer
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Answered on March 06, 2014
Yes. Only the husband could authorize someone else to sign for him. If the husband's signature is made without his consent, this would be tax...
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Tax return filing status
John's answer
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Answered on March 06, 2014
It was incorrect for you to file with single status. It would be illegal to sign an affidavit in which you are not truthful as to how you filed. ...
Archived
Tax refund back?
John's answer
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Answered on March 06, 2014
The "someone" would appear to be the IRS, governemntal agency or local taxing authority. They can seize a tax refund regardless of your disposable...
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Should I be asked to limit tax withholding to 1 in my W4 by my employer even if I am married with a kid?
John's answer
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Answered on March 06, 2014
You can claim the appropriate number to which you are entitled.
Your employer might (improperly) deny you that right, so you should consider all...
Archived
I have a payment agreement with the IRS and am current, I inherited 1/3 ownership of my mothers property. Can the house be sold?
John's answer
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Answered on March 06, 2014
Yes, the house can be sold. If your share of the proceeds is less than your debt to the IRS, the IRS is entitled to your share. If there is a tax...
Archived
How to locate individual spouse income on a joint tax return?
John's answer
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Answered on March 06, 2014
The easiest way it for him can go back to his employer and ask for it; or he can get it from the IRS by requesting a wage and income transcript for...
Archived
Tax question about claiming my husband as a dependent?
John's answer
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Answered on March 06, 2014
If you file jointly, understand that you will have to include his income whether it he was legally entitled to work or not. If you file...
Archived
Taxes
John's answer
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Answered on March 06, 2014
Since your profit is $5,000 and you are day trading, I assume that your gross proceeds from sales are far in excess of $5,000. Your broker will...
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