Archived
What does a property lien placed by the US Gov. cover and does it, in the state of TX, include all spouse assets (& retirement)?
Everett's answer
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Answered on July 22, 2019
Federal tax liens are not subordinate to Texas homestead law. Therefore, your home residence, deferred retirement accounts, and personal vehicles...
Archived
If I make multiple IRS payments in a month that are smaller (but total larger) than my monthly due, do they apply it?
Everett's answer
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Answered on July 17, 2019
Yes - as long as you pay at least $100 each month. An over payment from the prior month does not carry over to the current month.
If an employee is now on a H1B visa instead of an F-1 visa, do we now need to (a) withhold for FICA and/or (b) pay the FUTA tax?
Everett's answer
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Answered on July 16, 2019
If the employee is no longer an exempt person (ie no longer qualifies for F-1 visa exemption), then the employer should withhold FICA and FUTA taxes.
Archived
Can I claim more then penalties and interest in small claims court?
Everett's answer
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Answered on July 16, 2019
Generally, your damages are the penalties, interest, and the tax preparer's fee, as you should have owed the tax anyway. It is possible the...
Can a 501(C)(3) tax exempt nonprofit corporation use a DBA for a major program initiative?
Everett's answer
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Answered on July 16, 2019
Yes - your non-profit corporation may use a dba name, as long as the dba name is properly registered in each county in which you solicit...
Can my neighbor use my address to file their income tax?
Everett's answer
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Answered on July 14, 2019
You should ask them to change their address back to their correct address. You can also notify the IRS. You also have no obligation to give them...
Archived
Who is responsible for fines and penalties when your cpa makes an error on your taxes
Everett's answer
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Answered on July 12, 2019
If it was the preparer's error, he is liable for the penalty. You are liable for the tax and interest. The IRS will collect all from you. You have...
Archived
What should I do? My clothes were donated without my permission by a resale store
Everett's answer
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Answered on July 10, 2019
I don't think you would have a cause of action for damages against the charity organization, as you damages would be zero, as you intended to...
Archived
Do i have to pay taxes on money i never recieve?
Everett's answer
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Answered on July 10, 2019
Your fact pattern is a bit confusing, due perhaps to grammar errors. If you received a 1099, you should report the 1099 and take deduction for the...
Archived
Zero revenue buisness on taxes?
Everett's answer
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Answered on July 08, 2019
If you "started" the business in the current taxable year, you can include the business income and expenses on your tax return for the current...