Archived
I can no longer afford my second mortgage due to unemployment / divorce . The tax value on my house is $ 129 , 000 . 00 .
Bruce's answer
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Answered on March 09, 2013
You can always ask for a negotiated settlement with any lender. If the Citi mortgage was discharged in your bankruptcy you should not need to...
Archived
I am buying a house from my father 550 month @ interest he found out that it was costing him to much in tax so he said all i
Bruce's answer
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Answered on March 09, 2013
As you pay off the loan you will have more equity in the property. That will also increase your basis in the home for income tax purposes. Your...
Archived
How can we collect on a civil judgement when the person plays tricks to avoid payment ;can we garnish their NC/ FED tax refund
Bruce's answer
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Answered on March 09, 2013
Ms. Bunce gave you an excellent response. In short, you cannot garnish a tax refund. You have to schedule a debtor's exam to determine what...
Archived
Do you have to pay taxes on money from a 403(b) plan when it is used to pay for funeral & legal expenses of estate?
Bruce's answer
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Answered on March 09, 2013
Distributions from a qualified plan are taxable upon receipt.
Archived
Is the tax preparation company I used liable for mistakes
Bruce's answer
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Answered on March 08, 2013
Ms. Sykes and Mr. Hoffman have given you terrific answers. In short, yes, the tax prep company is liable for any damages you can prove you...
Archived
Paid under the table and non tax filing?
Bruce's answer
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Answered on March 08, 2013
Messrs. Munson and Davidoff have given you superb answers. In short, yes, he could go to prison for tax fraud. However, the IRS only prosecutes...
Archived
I have a question about gift taxes.
Bruce's answer
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Answered on March 08, 2013
No.
Archived
I used my ex-wife's half of 401K money she was ordered in our divorce. Do I "have" to repay her in cash-tax free?
Bruce's answer
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Answered on March 08, 2013
Mr. Lewis gave you a superb answer. We do not know the answer to the question since no court order covers this, so reach a deal with her with...
Archived
How can I report a grocery and liquor market who is cheating its customers by overcharging on taxes?
Bruce's answer
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Answered on March 08, 2013
Messrs. Chen and Spirtos have give you the correct answer: contact the SBE. Their fraud page is at http://www.boe.ca.gov/help/rtpfraud.htm.
Archived
US citizen married to Nonresident Spouse filing tax, Please help ....
Bruce's answer
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Answered on March 08, 2013
If you got your green card last week, you were probably a resident for income tax purposes in 2012. A green card is not the only test of...
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