Archived
I filled out at W2 but my job still hasn't taken out any taxes. Is there any legal action i can take towards them?
Nicholas's answer
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Answered on July 19, 2016
If you filled out a W2 then they should have withheld taxes and paid the employer matching portion. You can turn them into the IRS and that could...
Archived
What is my recourse if a tax preparation business makes a mistake that can cost me a sizeable sum of money? I live in FL.
Nicholas's answer
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Answered on July 19, 2016
Ultimately, you are liable for the correct amount of tax. If could be that the use of the preparer can get you out of penalties - but not the tax. ...
Archived
Buying a house with a IRS tax lien on it. Need to know if its possible to move the lien to another property?
Nicholas's answer
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Answered on July 19, 2016
You need to get a certificate of release of lien before you buy the house. The IRS will be at the table and they will take the proceeds of the...
Can I change my legal residence from Massachusetts to Florida without selling my MA house and not pay taxes when I do sell ?
Nicholas's answer
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Answered on July 19, 2016
It is more difficult to abandon a domicile than it is to establish one - particularly when you keep the house. Florida has a form for you to...
Archived
If my federal income tax return had an error when I sent it to the IRS should I send it like that to the NVC or corrected?
Nicholas's answer
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Answered on July 19, 2016
If the IRS adjusted your tax return then they will most likely inform the state as well and the state will send you a bill that includes penalties...
Archived
Is sales tax due for EU company selling software licenses in the US?
Nicholas's answer
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Answered on July 19, 2016
It is likely that the software license is subject to sales and use taxes that the purchaser is ultimately responsible to pay. If you have physical...
Archived
If reclassified as an employee by my employer could I be liable for unpaid taxes?
Nicholas's answer
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Answered on July 19, 2016
The determination of your employment status is based on who controls the "means and manner" of completing the work. If your employer retains the...
Archived
Do I have to pay sales tax for a rental home?
Nicholas's answer
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Answered on July 19, 2016
Generally, sales tax applies to the purchase of tangible personal property at retail - not rentals. But, if there is a local tax that specifically...
Archived
Will I be responsible for paying the taxes my husband owes from his LLC?
Nicholas's answer
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Answered on July 19, 2016
First, it is your LLC if you are the 51% owner. Next, the tax liability will be determined according to the tax return you file. If you and he...
Archived
How to respond in a tax audit?
Nicholas's answer
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Answered on July 19, 2016
The IRS often asks for more information and documents than it is entitled to receive. Under Powel v. Commissioner, the IRS has the power to summon...