If I have a non complete agreement in florida, if the company files a chapter 11 converted chapter 7 is the non complete valid?

The covenant to not compete may be valid if looked at on its own. However, the conversion from Chapter 11 to Chapter 7 would cause the corporation...

Can Debt Reductuions be taxed as "income" ??

The income from forgiveness of indebtedness is taxable. However, if the debt was discharged in a bankruptcy or you were insolvent at the time of...

If i hired a professional to prepare my taxes how much liability does he/she have for a mistake on them?

You have the duty to review your return for accuracy and truthfulness because you sign under penalty of perjury. The fact that you spent the refund...

An S-coorporation pays for housing/utilities/personal expenses of a shareholder - are these payments income for the shareholder?

Your question regards reducing an S corporation's pass through of dividend income by paying personal expenses of the shareholder. Deductions...

Do I need to see a tax attorney?

All types of filing status with the exception of married filing jointly provide for liability for the taxpayer only. Married filing jointly...

Do I need to see a tax attorney?

All types of filing status with the exception of married filing jointly provide for liability for the taxpayer only. Married filing jointly...

What to do if the IRS does not file an answer to my Tax Court petition on time?

If the period for filing an answer passes the court can issue a default judgment. A motion will need to be filed requesting the judgment. The...

Can an automatic stay stop an eviction?

A residential rental contract is an ongoing obligation of the debtor. The debtor has an election under the bankruptcy code to assume the contract....

I can not specifically respond to Louisiana law. However, a lease is normally a contract between the landlord and the tenant. It is very common in...

Still owe after bankruptcy

A discharge discharges all dischargeable debt. Not all debts are discharged. Most debtors' personal liability other than the ones named in the...