What does exempt from backup withholding mean?

Backup withholding is imposed when you are a serial nonfiler, or serial non payer of your taxes. Then the people that pay you are required to...

Can they take my husband's tax refund if I owe on student loans?

If you want to file a joint return then your husband will have to file the injured spouse forms with the return. Otherwise file separately. The...

I don't know that you have a claim for malpractice. The IRS corrected the return. you were due a refund so there are no penalties or interest. I...

Do I have to amend my tax return if the correction is in my favor?

You can leave it as is. The IRS isn't interested in anything less than $10.00. Normally in these situations they send you a CP2000 notice stating...

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Do I claim excess proceeds as income or capital gains on State and/or Federal income?

Capital gains is income and gets reported on the owner's federal income tax return.

You have to ask the child support enforcement agency why they do what they do. Judging from the context of your post, it looks like you already...

Is a personal injury settlement subject to a tax levy for unfiled taxes?

Yes the IRS can grab any funds in your bank account. If they know about the settlement they can get it directly from the insurance company or your...

Can I go after a tax preparer for penalties if I never signed my tax forms ?

You are responsible for what is on your tax return. You can try and go after her for the penalties but the IRS is going to hold you responsible....

Is it legal in Nebraska for a husband to take out $25, 000 of the wifes 401k to buy a pickup without her knowledge.?

You need to see a probate lawyer and get a legal guardianship setup. It is not proper for fiduciaries to self deal. Her 401(k) funds should be used...

Since you are not legally married, then you are single or head of household if you qualify. Marital status is determined as of Dec 31. If you know...