Archived
How do I go about bringing the money into the U.S. ? What taxes am I liable for? What forms do I need to fill out?
Michael's answer
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Answered on March 09, 2016
This only considers your personal liability and not your Mother's for any estate tax she may owe to the U.S. or otherwise. This also assumes that...
Archived
While ex-wife tries to refinance house over the next 2 years, can I still file the mortgage interest on my tax return?
Michael's answer
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Answered on December 11, 2015
There are a couple moving parts here: (1) is the divorce final somehow? Meaning, there is a legal separation agreement or a final divorce decree...
Can I sue my ex wife for her half of back taxes owed?
Michael's answer
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Answered on December 06, 2015
If you filed married filing jointly, which it sounds like for 2013, you and your spouse are both liable for the entire tax debt jointly and...
Archived
My mortgage can't be modified because of IRS Tax Lien. How can I have the Federal Tax Lien be removed? Tax Debt: 300K.
Michael's answer
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Answered on November 10, 2015
I generally agree that the mortgage company should have super priority, so a modification should not be a problem because of the tax lien. ...
Can I put money raised for a cause into an escrow account to avoid a tax penalty?
Michael's answer
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Answered on November 06, 2015
Part of it depends on what you were doing for the money. If you were providing a service/ product of some type and the people who gave you the...
Archived
Back taxes. Is it possible to reduce back taxes?
Michael's answer
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Answered on November 06, 2015
To answer your question fully I would have to know your financial situation. I have personally settled thousands of dollars owed to the IRS for...
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