Archived
How do i reduce or zero my tax liability due to cancellation of debt (1099C) from my bank for my home Deed in Lieu.
Everett's answer
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Answered on January 30, 2014
There are 3 provisions to avoid income tax on the cancellation of debt for home mortgage Form 1099C that appear pertinent to your question:...
Archived
Divorce decree stated 50/50 owed from marriage.
IRS says i owe $5000 from when i was still married. Do owe in full?
Everett's answer
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Answered on January 29, 2014
As Attorney Moore stated, the divorce decree is an agreement between you and ex-spouse, the IRS is not a party to it, or bound by it. The IRS can...
Can international students (F-1) get in any trouble by working as an independent contractor and paying all of the taxes?
Everett's answer
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Answered on January 29, 2014
Generally, the answer is yes. Unless you have a work permit as part of your F-1 student/training status, which usually restricts you to working in...
Archived
Is it mandatory by law for a man to file an income tax with his wife if he Gained a status through his wife???
Everett's answer
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Answered on January 29, 2014
Generally, you are required to file a return, if married either with filing status of Married Filing Separate or Married Filing Joint with spouse,...
Archived
NRA's single membered manager managed VS US Citizen's single membered member managed TX LLC in the light of overall tax burden
Everett's answer
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Answered on January 28, 2014
Based on the information you have provided, it appears you would still be required to file Form 1040NR, which would include Schedule C to report...
Archived
The IRS asking me to pay to them some some penalty of about $900.00 because I claim my brother as dependent in my 2012 taxes.
Everett's answer
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Answered on January 27, 2014
you should appeal the adverse IRS determination to the IRS Appeals Department. Depending on the type of determination letter you received you may...
Archived
How should we file our taxes? I'm a new permanent resident with no income and my wife has always filed her taxes individually.
Everett's answer
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Answered on January 27, 2014
Because you wife is now married, she can file Married Filing Separate or Married Filing Joint. Because you are now married, and a US Resident since...
Archived
Taxes filing with IRS for new US resident
Everett's answer
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Answered on January 27, 2014
You probably ought to consult with a knowledgeable practitioner about your specific situation, and to verify from your documentation that you are...
Archived
I have set up an L.L.C. in Texas Member owned between me and my wife 50/50 split. Small start up. I am wondering if we should
Everett's answer
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Answered on January 24, 2014
This is the kind of question, under the heading of Choice of Entity if you want to do more research, that I often spend an hour discussing with a...
Archived
Need a tax attorney, but my taxes were filed in NY state, I now live in TX. Can a TX attorney help me?
Everett's answer
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Answered on January 21, 2014
Yes - a local Texas tax attorney should be able to help you, including filing federal and NY state income tax returns if necessary, and obtaining a...
