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I inherited my dads Roth IRA as the sole beneficiary. He owes back IRS taxes. Can the IRS take my inherited ira for his back tax
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Answered on August 23, 2019
State of Texas homestead exemptions, which apply to deferred retirement accounts, including inherited deferred accounts such as inherited IRA since...
Archived
Panama based company wants to employ me here in the US to be their agent, what do they need to do. No salary, just car, expenses
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Answered on August 19, 2019
The income you receive is taxable income, and should be reported as non-employee compensation on Schedule C of your 1040 income tax return, and as...
Archived
If I live in In various hotels m-f traveling to clients and am home weekends, holidays and vacation days?
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Answered on August 19, 2019
Generally it is the geographical location, or geographical area, where most your work activity occurs. Depending on your facts, it is possible it...
Archived
Is it tax fraud when a soon to be ex wife files taxes as single hoh to gain refund?
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Answered on August 19, 2019
Yes - but the IRS does not usually prosecute ordinary taxpayers for this type of fraudulent tax return claim. If you file a return and claim one or...
Archived
If a Green Card Holder, wants to Apply for Citizenship but is behind on Income Tax Filings, I hear he should File first?
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Answered on August 17, 2019
The 6 prior years requirement for non-filers is only a local policy of the IRS and only applies in the case of an ordinary taxpayer situation. The...
Archived
If a Green Card Holder since 1989, wants to Apply for Citizenship but is behind on Income Tax Filings, I hear he should File?
Everett's answer
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Answered on August 05, 2019
The policy of the IRS is to require non-filers to file only the last 6 years of tax returns, in ordinary situations. The IRS can require all prior...
Archived
How can I full own the LLC?
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Answered on August 05, 2019
The interest in the LLC is personal property. If there was no will, and the LLC was purchase by Mom during marriage, and there are children of the...
Archived
Does the irs have to send notices for taxes owed ?
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Answered on August 02, 2019
Who knows? The IRS knows if you owe them taxes, and does have a regular collection cycle for sendng out notices to taxpayers, and filing tax liens....
Archived
Can the Texas comptroller get my personal bank account, due to business tax owed?
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Answered on August 02, 2019
Even if company charter was kept in good standing, the Comptroller can assess personal liability against responsible persons who failed to remit...
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Small Claims Court
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Answered on August 01, 2019
It appears as you describe it you are liable for the loan. You may want to attend the court trial, just in case the Plaintiff doesn't show up and...