Do I declare money put into a Coverdell accounts for my children?
The tax treatment depends on when he defaulted on the obligation. If he defaulted before the asset allocation by court order then he is solely...
Cerritos, CA
Tax Lawyer at Cerritos, CA
Practice Areas: Tax, Corporate & Incorporation ... +2 more
The tax treatment depends on when he defaulted on the obligation. If he defaulted before the asset allocation by court order then he is solely...
Does the court order say this? If it does then you are on solid ground in saying you only owe half. I would have to examine the court order. I...
I assume you refer to the estate income tax return, form 1041. The estate's representative may request an extension of time to file for up to six...
So your support went up and you agreed to allow him to claim one of the kids? Correct? You can be held in comtempt of court if you do not follow...
This may be a question of first impression so there is no answer yet. Maybe it is allocated pro-rated. It also may depend on where the funds are...
I agree with Attorney Lively's answer. I would ask the SOS of Michigan for the statute which authorizes the tax.
So I assume you sold 50% of the shares outstanding. Notify the purchaser that you are going to close the accounts in your name and that the owner...
I agree with Attorney Lively's answer.
I am not sure if the early distribution penalty applies to just the earnings or the withdrawals. Talk to your plan administrator because they...
As long as the debt was discharged in bankruptcy you can use the bankruptcy exception on IRS form 982 for 2010. If the biz cards liability was...