Archived
Does Innocent spouse rule apply to a situation where a spouse defrauds the IRS and conceals the fraudulently procured refund?
Zaher's answer
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Answered on May 10, 2016
She can appeal; however, she will have a hard time to convince them that she did not know what was going on in her own business. Of course, this...
Archived
What legal rights do I have when one of the 5 partners in our firm fabricated a lie about me and my spouse to the other partners
Zaher's answer
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Answered on May 10, 2016
Before taking the risk of additional potential harm, consult with lawyer to get a feel for any action. The information presented herein is for...
Archived
How can a minor who's trying to start a business order wholesale items?
Zaher's answer
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Answered on May 10, 2016
Congratulations on being so talented. Perhaps, parents can hire you in an un-incorporated business of your choice, and you run the show to gain...
Archived
What's the best way to take a portion of property held in a self-directed IRA out as a distribution and pay the least in taxes?
Zaher's answer
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Answered on May 10, 2016
Due to serious potential risk, consult a specialist in the area. Good luck. Zaher Fallahi, Tax Attorney, CPA, MBA, MS.
Archived
What is the typical outcome and approach to take with the IRS?
Zaher's answer
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Answered on May 10, 2016
You did the right thing for your account. Do the same with respect to her notice to make sure they consider that uncollectible from her as well....
Archived
Can my home/property be put in a trust for my son so my soon to be ex doesn't take it away from me?
Zaher's answer
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Answered on May 10, 2016
You can do that, however, you should consult a local attorney to make sure adding his name wouldn't be construed as gifting him part of your...
Archived
Will I be responsible by law to give her that money back
Zaher's answer
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Answered on May 10, 2016
If her statement is true (make sure) and the deposit made into your account by mistake, you will have to pay it back. The comments contained...
Archived
What do I do? Isn't what she did illegal though?
Zaher's answer
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Answered on May 10, 2016
What the coworker did was not good, and no one should do it. It may have violated employer's policy, etc. Not sure about it being illegal. The...
Archived
Capital Gain
Zaher's answer
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Answered on May 10, 2016
IRA requires earned income only. Capital gain is not earned income. The 20% is a misunderstanding of SEP and there are different rules for RE...
Archived
What is the best way to ensure that my diary will be destroyed upon my death, without anyone reading it?
Zaher's answer
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Answered on May 09, 2016
The law respects the testator 's wishes. Of course, you do not trust the exutrix of the will. I guess, you would like to keep the diary for own...
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