Archived
With a S Corp can the IRS place a levy on the corp for an officer's personal back taxes owed?
Bruce's answer
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Answered on January 05, 2014
No.
Archived
IRS said they would contact me regarding my offer in compromise by 12/16/2013 - still no contact. What to do?
Bruce's answer
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Answered on January 05, 2014
The fact that the IRS missed its self-imposed deadline does not give you any advantage. You should contact anyone for whom you have a phone number.
Archived
Question about IRS
Bruce's answer
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Answered on January 05, 2014
Messrs. Wagner and Cappuccio have given you wise advice.
Archived
Are the returns the tax preparer furnish me supposed to be identical to the returns she files (electronically or otherwise) with
Bruce's answer
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Answered on January 05, 2014
Mr. Halverson has given you the correct answer.
Archived
Tax
Bruce's answer
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Answered on January 03, 2014
You can file a return, of course. But why file a return if you do not have enough taxable income to warrant it? Meet with a competent tax return...
Archived
I been married for eight years my wife leaves me and I just found out when we got married her divorce wasn't finalize we did tax
Bruce's answer
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Answered on January 03, 2014
The IRS is unlikely to spend its very limited criminal resources on this matter.
Archived
Tax impact for LLC (elected to be taxed as a C corp) with no employees.
Bruce's answer
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Answered on January 03, 2014
There are reasons to have an LLC taxed as a "C" corporation. However, most LLCs are pass-through entities. So make sure you have a good reason...
Archived
I might have filed 1040 NR instead of 1040 in 2011 because HR Block suggested I do so. I paid 7k in taxes. Do I need to correct?
Bruce's answer
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Answered on January 01, 2014
If you filed the return under advice that it was the proper return, you do not have an obligation to file an amended return. That is especially...
Selected as the best answer
Archived
If I sell my rental & do a 1031 exchange in 2014 can I sell my primary residence in the same year & avoid capital gains tax?
Bruce's answer
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Answered on January 01, 2014
Yes. The 1031 exchange has nothing to do with the Section 121 capital gain exclusion.
Archived
My boss didn't take the correct taxes from my check. She paid her taxes but is coming after me for the money. Can she do that.
Bruce's answer
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Answered on January 01, 2014
Messrs. Wagner and McDowell have given you good advice.
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