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What is the statue of limitations on taxes owed to the Franchise Tax Board? Does it matter if you filed BK Chapter 7 anytime?
Robert's answer
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Answered on June 06, 2014
Ms. Bunce is correct....the statute of limitations on collection in California is 20 years under Revenue and Taxation Code § 19255. There are a...
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Tax return
Robert's answer
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Answered on June 05, 2014
Technically, you were supposed to report tips on Line 7 of Form 1040 (the same line one would use for wages and salary). Since there are no social...
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WHICH IRS FORM CAN IT BE FILLED FOR A CHILD IDENTITY THIEF?
Robert's answer
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Answered on June 05, 2014
Form 14039 is typically used when someone steals your identity to extract a fraudulent refund. Generally when two people claim the same child on a...
Can I deduct on my tax return money that I am paying as restitution if I paid taxes on it the years I embezzled it?
Robert's answer
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Answered on June 04, 2014
No, iyou cannot deduct your restitution payments. The repayment of fraudulently obtained funds is not deductible under IRC § 165(c)(1). Kraft v....
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Is my foreclosure a 2013 or 2014 tax event?
Robert's answer
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Answered on June 03, 2014
In a perfect world, the lender will issue a Form 1099-A and a 1099-C documenting the foreclosure. The year in which those forms are issued will be...
Does my private lender mortgagor have to provide me with a 1098 each year itemising the interest I have paid him?
Robert's answer
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Answered on June 03, 2014
The general rule is that anyone who receives more than $600 in mortgage interest payments must file a Form 1098 with the IRS. However, there is no...
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I was married for 5 years to a man that didnt pay his taxes, but I did not know until 2007. I had no income for the 5 years.
Robert's answer
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Answered on June 03, 2014
To augment Mr. Cohen's answer, you have a chance of prevailing under Equitable Relief (a type of innocent spouse relief). While the IRS does not...
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I need advice regarding an IRS lien on my home.
Robert's answer
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Answered on June 02, 2014
You're raising a few different issues. First, in order to settle a tax debt with the IRS, you need to file an Offer in Compromise. The IRS looks...
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I filed my Amendment for 2009 in 2011. Until this date, I don.t get any notice from IRS. I would like to know the status
Robert's answer
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Answered on June 02, 2014
The first step would be to try calling again. I would probably try a couple different numbers: the general line at (800) 829-1040 or Collections...
Archived
Can I ask a CA attorney for bankruptcy laws here in CA.?
Robert's answer
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Answered on January 13, 2014
AVVO is a great resource for finding a lawyer. Use the "Find A Lawyer" tab to get started.
If it turns out that the taxes are not...