Can I report $545K on my Tax Rtrn monies stolen and reported as 1098s? Lender files bogus 1098s in 2006 for tax yrs. 1999-2005.

This sounds like a very complicated situation over many years. You will not find someone who can give you a good answer in this forum. I highly...

Can a WA State Nonprofit provide Fiscal Sponsorship for a Project-- or does the nonprofit need to obtain/complete 501c3 status.

This is difficult to answer without more information. What is the project? How does it relate to the purposes of the WA State Nonprofit? Does the...

The total taxes you will pay at the end of the year is independent of the withholding you pay during the year. If you get paid $60,000 total, you...

If a husband owes back income tax if he dies is his wife responsible for his debt even if they file income tax separately?

No, when married couples file taxes separately there is no liability for each other's returns. If the husband dies and owns any assets, those...

What type of attorney can assist with establishing a legal non-profit organization?

A tax attorney or a business attorney could help, some attorneys even specialize in non-profit law, which would be the best option. You may be...

Why am I responsible for excess tax on a home I lost, when the lending company sells it for less than the loan amount?

When a debt you owe has been cancelled that is considered income to you. You did not receive any money, but you were let go from having to pay the...

Are there tax advantages to revocable and irrevocable trusts?

The right trust for your situation depends on what you are trying to accomplish. Trusts can be used in estate planning to reduce gift or estate...

Can a landlord raise your rent if you are a nonprofit organization based on profits?

The landlord and the nonprofit have to come to an agreement for the nonprofit to continue renting the property. A landlord that wants a portion of...

If my corporation is suspended and owes money, may we walk away and create a 501c3 without penalty?

You have a suspended corporation that owes money. Before you think about starting a new entity you need to consult with an attorney. They will be...

Why would the IRS issue my friend a number he can use to file his income tax if he's illegal.

Taxes and immigration status are governed by different sets of laws. Taxes are imposed on anyone present in the United States for a particular time...