Questions answered by Donald Erich Lowrey

Archived

1099-misc, employer refuses to correct

Donald's answer | Answered on March 02, 2014

Yes, that can be frustrating. If you received a 1099-MISC that is incorrect, enter the correct amount on your tax return and prepare a written...

Archived

I have not paid my taxes since 2009 , can I be charged with tax evasion. I plan to file them within the next month?

Donald's answer | Answered on March 01, 2014

Mr. Cappuccio is correct. I will add that the IRS, absent factors indicating fraud, tax evasion, offshore accounts or large sums, usually does not...

Archived

Please help if this is correct in nevada

Donald's answer | Answered on February 28, 2014

I don't see a question. Can you be specific about what it is that you want to accomplish? Thank you.

Archived

Am I entitled to receive the remainder of my commission that we had verbally agreed on?

Donald's answer | Answered on February 28, 2014

Proof of oral contracts can be difficult. The manner of payment of your prior sales can be helpful, but I agree with my colleague that you have a...

Archived

Is the 1099-Misc from The National Mortgage settlement class action suite for losses taxable or not?

Donald's answer | Answered on February 28, 2014

There is a Revenue Ruling on this topic. The ruling has about 7 different scenarios for different taxpayer circumstances. Needless to say, in this...

Archived

My wife and I run a 501c3 non profit and we have about 20K in debt and no funds coming in to pay those debts.

Donald's answer | Answered on February 27, 2014

You really have two issues: whether you have personal liability for the corporation's debt? and, a practical business consideration - does it make...

Archived

Who can I report a tax return fraud to ?

Donald's answer | Answered on February 27, 2014

Sorry, your refund will be delay, but there is a fix. The problem is that your income tax return cannot be filed electronically if you claim a...

Archived

Release and distribution of 401k following death of spouse

Donald's answer | Answered on February 25, 2014

Sorry to hear of your loss. Your question has many part and I can understand your confusion. The 401k distribution passes outside of probate...

Archived

I filed bankruptcy 5 months ago & they're asking for my tax refund check, but only offering me $1200.

Donald's answer | Answered on February 25, 2014

My colleague is correct. Your question should go to the lawyer that represented you in bankruptcy court. The general answer is that your tax...

Archived

I recently sold my struggling retail business and the new owner defaulted on the lease on which i personally guaranteed.

Donald's answer | Answered on February 25, 2014

This is a difficult problem. You need determine if the buyer assumed or your lease or whether there was a sublease and other factors such as...

Donald Erich Lowrey's Answers (769)

1099-misc, employer refuses to correct

I have not paid my taxes since 2009 , can I be charged with tax evasion. I plan to file them within the next month?

Please help if this is correct in nevada

Am I entitled to receive the remainder of my commission that we had verbally agreed on?

Is the 1099-Misc from The National Mortgage settlement class action suite for losses taxable or not?

My wife and I run a 501c3 non profit and we have about 20K in debt and no funds coming in to pay those debts.

Who can I report a tax return fraud to ?

Release and distribution of 401k following death of spouse

I filed bankruptcy 5 months ago & they're asking for my tax refund check, but only offering me $1200.

I recently sold my struggling retail business and the new owner defaulted on the lease on which i personally guaranteed.