can sallie Mae private loans take my state tax refund if they are in default?
Yes, Sallie Mae has the ability to take 15% of your income and your state/fed tax refund. Why not try to work out an installment agreement on the balance owed?See question
My husband is a non resident of the U.S. and I have to file for an Itin tax payer number for him to file my taxes. Until he receives his social security number I will not be able to receive all of the money I deserve back from my taxes. A lot of t...
It sounds like it makes more sense for you to wait until he gets the Social Security Number. In most cases that can be done in a matter of days.See question
I’m paying supplemental child support as part of an order on my daughter’s braces. In court the order was to pay an extra $100 monthly until paid in full. This year my bonus pay, state, and federal tax refunds were all intercepted or attempted t...
If they incorrectly took your tax refund, then start by complaining directly to them. If they prove unhelpful, then talk to a competent family law attorney. If you cannot afford one call the Legal Aid Foundation of Los Angeles at 310-899-6200.See question
I just received a 1099 from Bank of America (BOA) for a forgiven loan via the 2014 DOJ Settlement with BOA. The loan was an Equity Line Loan. $26K was used to payoff a second mortgage and much of the rest was used to update my principle residence,...
It sounds like you may qualify to file the form. However, given the dollars involved and the complexity of the problem - debt forgiveness is quite difficult - please consult with a competent tax return preparer (you don't need a tax lawyer) - in your neighborhood.See question
I'm receiving a 1099-MISC a year late. The 1099 is for the compromise of a medpay subrogation claim I made in 2014. I owed $2,000 to my auto insurance company for medpay coverage as a result of a car accident, but negotiated the reimbursement am...
The company that issued the 1099 late is responsible for any penalty and interest imposed on you. So if you want to file an amended return and attach it to that amended return, in theory you can sue for the cost of the amendment and any penalties and interest. The question is whether you want to go through that. Mr. Fallahi has provided you with superb advice which you should follow.See question
Tax Audit 2014; I was audited and they are not allowing my 982 its against a 1099-C for a 2nd. The Auditor says they need my purchase contract for my house, my receipts for the 2nd from 8 years ago showing that it was a pool put in and estimated h...
You have to retain tax records relating to what you paid for an asset (so you can prove your basis) forever. In any event, if the auditor is indicating that he or she is against you, then stop talking to the auditor and force the auditor to write up the 90 day letter (Statutory Notice of Deficiency). When it arrives go on the Tax Court web site and, assuming the amount involved is $50,000 or less, you qualify for the Small Case procedure. There is a form petition you can fill out yourself which you must file within 90 days of receiving the notice (the deadline is on the Statutory Notice of Deficiency). You will ultimately get the chance to argue your case in the IRS Appeals Division. Once the IRS district counsel responds to your petition, call the IRS District Counsel and ask him or her when your case will be with an IRS Appeals Officer and who is the officer and what the officer's phone number is. Then call the IRS appeals officer and ask when you can meet to discuss your matter. If you have any good points to your case you will be able to work out a settlement. If you are uncertain, then buy some time from a competent CPA or tax attorney.See question
H&R block had a tax person that took my prior years info and applied it to 2014. He didn't enter the info I gave him. He was fired since and i was told he did this to a few people. now, i owe $3000. after contacting them, i was told they would do ...
The fact that you owe additional tax is not damages. If you owe tax, you owe tax. Your damages are what it costs you to pay a new preparer to fix the mistake and any penalties you suffer.See question
Daughter wishes to gift my wife and I a home. We are seniors.
If your daughter gives you a home your basis in it is the same as hers. Your basis is not "stepped up" to the fair market value at the time of the gift. So if you sell it your gain is based on what your daughter's basis is.See question
Husband and I need to have back tax years done. 1999,2003,2004,2007, Would like to find someone who can get information from IRS/State of Ca and file them. In California.
It is surprising that you need to have back tax returns prepared for years that are so old; they should be closed under the statute of limitations. However, if you do, then you should hire a competent tax return preparer in La Quinta. Ask Deborah Kent, CPA 760-434-3882 in Palm Desert. Also try her at 760-340-9200. 44550 Village Court #103.See question
Someone claim my children and want to know who claim. Them and press charges
You cannot prevent someone else from doing something on that person's tax return. You also cannot "press charges" against someone else for what that person claims on that person's return. If the person files something incorrectly, the IRS will take the appropriate action. If you are entitled to claim the child as a dependent, do so and let the IRS sort it out.See question