I haven't filed personal (FED) income tax for 3 years. Can't find any receipts. How can I file properly now?
Everett's answer
|
Answered on July 14, 2024
You may be able to obtain transcripts from IRS for prior year reports of payers - such as 1099's and W2's. The IRS also does allow for the use of...
How would taxation work for a US citizen living in Italy who works for a US employer?
Everett's answer
|
Answered on July 07, 2024
Yes - foreign tax issues for foreign assignments of US citizens and residents can be confusing. You will still have to file a US income tax return,...
Are there advantages of moving assets to a Trust to retain Property Tax farm values/exemptions?
Everett's answer
|
Answered on July 05, 2024
I think not so. As I understand it, a beneficiary trust, even for multiple beneficiaries, of an estate, whether testate or intestate, can preserve...
Can my son sell 1 of my houses for me and can I legally contract that he receive all of the proceeds (minus remaining mortgage)?
Everett's answer
|
Answered on July 01, 2024
If the proceeds your son is to receive are greater than the 2024 annual gift tax exclusion amount of $18,000, then you will need to file a gift tax...
Can we sue our current payroll company for incorrectly filing our Q2 2023 taxes?
Everett's answer
|
Answered on June 28, 2024
Yes you can sue the tax return preparer, but because federal law makes the taxpayer responsible to file correct returns, your damages will be...
How many changes can we make to a nonprofit’s bylaws in Texas without having to refile?
Everett's answer
|
Answered on June 26, 2024
Generally, you only need a majority vote of the directors or managing members to change your Bylaws, as long as such changes do not violate your...
Am I liable for total amount of taxes and can they take my home?
Everett's answer
|
Answered on June 11, 2024
As you describe it, it appears your mobile home is treated as real estate for property taxes. However, some mobile homes are treated a personal...
What is an Irrevocable way to transfer or gift a home upon death?
Everett's answer
|
Answered on June 04, 2024
Possibly the best option may be a residential homestead qualifying trust (RHQT) for life. A transfer on death deed (TODD) may also be an option, ...
Federal criminal restitution order converted over to an IRS tax lien. How long can they collect 10 years? or 20 years?
Everett's answer
|
Answered on May 29, 2024
Most (but not all) Federal tax liens are self-releasing after 10 years. However, the IRS can refile a lien before or after the original lien...
Selected as the best answer
If part of my land was “conveyed” to the city for roadway do I still have to pay property taxes on that land?
Everett's answer
|
Answered on May 19, 2024
Your use of the word "conveyed" indicates the property was transferred in fee, in total including all land. You should check the deed to make sure,...