I'll try to make this brief. Last year, Taxslayer was hacked and I was a victim of identity theft and didn't get it resolved until July. This year, I used Taxslayer again, filed my taxes on 01/30/17. The IRS sent my direct deposit to the Interm...
Of course you can sue Taxslawyer. Anyone can sue anybody. The question is whether you have any basis for recovery. Is it Taxslayer's fault that you have not yet received your refund? If you can get the case to a jury the answer is that the jury might find in your favor. However, getting to a jury is an expensive proposition. Will a judge find in your favor in a Small Claims matter? Maybe. It is worth a shot. However, you should really work with the IRS to try to get your money.See question
My father in law passed away. His property was sold and the money was split between his children. Do my husband and I have to report and pay taxes on the money we received?
There is no income tax due if the property was sold at its date of death fair market value.See question
If I file my tax return and it shows I owe to IRS, how I should pay it? will they deduct it from next year tax? will they come after me?
If your return shows that you owe tax, then write a check and include it with the return. If you can't afford it all, send monthly checks as quickly as possible so that the interest and penalties don't mount up too quickly.See question
9 or 10 years ago I bought around 400 bitcoins for $100, my friend convinced me to buy them and it was the best thing I ever did. I completely forgot about them and just remembered them yesterday. I have around 400 bitcoins that are worth around $...
If you sell them then you have a large capital gain. There is nothing illegal about that. You owe the tax, state and federal, on the capital gain. If you "give" half to your friend you will probably not be able to deduct that from your income taxes. You would have to have a binding agreement that he was entitled to half.See question
TAX LAW (Avvo removed the ability to select which type of law you'd like to have your question posted, so I'm including this key word so help it get routed properly.) I have an outstanding tax debt of $1,300. Last year's refund was only approxi...
You will only get a refund if you have no outstanding tax due. So if your refund is to be $2,000 and you have an outstanding balance of $1300, you should receive a refund of $700. Of course, your balance goes up daily by interest and penalties.See question
My tax person told me to get a K-1 or 1041 form for my siblings and mine taxes. She doesn't do trust tax. I am having hard time finding a trust accountant that can get us a k-1?
I just Googled "Hemet CPAs" and there are a bunch of them. James Counts is one I know 951-929-1330. I cannot believe that he does not understand how to file a 1041 for the estate of your father.See question
I am a founder that subscribed 2 million shares ( only issued shares at the moment) with par value of .0005 in my company of 2 years, My SCorp tax return(1120S) declared a capital stock of 1000 and additional Paid in capital of 200,000. Since I...
The purpose of an IRC Section 83(b) election is so that you get a basis today in the stock and when you sell it in the future you have a long-term capital gain. So you elect to take the value into income today, as ordinary income, even if it is subject to a substantial risk of forfeiture. If the stock is already vested when you got it, then you do not need to make a Section 83(b) election. I suggest that you sit with a competent CPA to work this out rather than trying to figure it out on an on-line forum.See question
Hello, So I and my mother bought the real-estate property together as joint tenant in common and now due to some complication I did quitclaim deed this year at 0.00 gift tax in 2016. So when we calculate do gift tax. Do we have to calculate the ...
You start with the fair market value of the property. You subtract the debt. You determine what percentage of the downpayment you put up compared to the percentage your mother contributed. That is your initial percentage of the ownership of the property. Then you give credit for any principal you paid on the debt compared to what your mother paid on the debt. Once you know your percentage ownership, you multiple it by the net fair market value and that is the value of the gift you made to your mother by making the quitclaim to her.See question
My father-in-law passed away in December 2016 over in Ukraine (where he worked). He did not have a will, and we thought that any money he had was in Ukraine accounts and was not worth the hassle to recover. We recently discovered that he actual...
You need to talk to a lawyer in Florida. Or you need to study the Florida intestacy rules. As for the Ukraine, go to HG.org and you will find a listing of the law firm in the Ukraine.See question
I am a divorced single mother with a 20 year old college student that is my dependent on my tax return. My townhouse is in Mountain View, Ca(main residence). The deed was transferred to me after the divorce was finalized in 2005. Thank you!
Under IRC Section 121 you can avoid paying capital gains tax on the first $250,000 on the sale of your principal residence. So has it been your principal residence for at least 2 of the past 5 years? Is the gain $250,000 or less?See question