Can the IRS assess your tax (via code 290), adjust the tax to a lessor amount, then add it back again? What would the CSED be?
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Answered on January 03, 2018
Every assessment caries its own CSED. It is not uncommon to have multiple CSEDs for one tax year. The CSED starts to run from the date of the...
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If have deed in joint tenancy how can I have put in my name only?
Charles's answer
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Answered on January 02, 2018
There are ways to minimize or eliminate any tax consequences. But like all tax transactions it is fact specific.
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Do I need to collect sales tax for a service?
Charles's answer
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Answered on December 29, 2017
I don't believe your sales for your services would be taxable in Ohio.
This is a useful link....
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How can I claim ownership for a house that no one can live in if I've paid the property taxes for past 4 years?
Charles's answer
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Answered on December 29, 2017
This is not a tax question. You should consult with an OK real estate lawyer which you can find here on AVVO. The house needs to be transferred out...
Will irs take my auto injury settlement?
Charles's answer
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Answered on December 29, 2017
They can. You should be working to resolve things with the IRS. If the IRS starts taking your stuff you may not be able to pay back the bank and...
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How do I find out if I as the mom can legally put my son on my taxes, but lives with grandma?
Charles's answer
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Answered on December 29, 2017
While it is true that you have to provide more than half the support, you are also out of luck because the child must live with you for more than...
WHAT DO I DO JACKSON HEWITT DID MY TAXES AND THEY CLAIM AN EDUCATIONAL TAX CREDIT BUT I'M NOT A STUDENT ?
Charles's answer
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Answered on December 28, 2017
You should go back to Jackson Hewitt and have them correct the mistake by preparing a form 1040X
Does Colorado have a statute of limitations on back due taxes??
Charles's answer
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Answered on December 28, 2017
CO has a four year statute for assessing taxes. Unlimited if no return is filed. 6 years to collect from the time a final determination or...
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MY EIN paperwork came back with my name followed by MBR directly after my LLC name. Is this whole thing what I put on W-9 forms?
Charles's answer
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Answered on December 28, 2017
You can just put your LLC name, the EIN assigned to that name and the address where the LLC receives mail.
Can a non-profit issue a loan to a third party with interest? If so, is the interest taxable?
Charles's answer
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Answered on December 28, 2017
Is the loan related to the non profit purpose, is the loan made in accordance with customary lending practices? Is it a fmv rate of interest....
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