Can the bank agree to settle a default without judgement and tax ramifications?

No matter how this concludes, if the bank isn't fully repaid on the debt then they are required to file a 1099A or 1099C indicating that some or...

The IRS will pursue any amount that is deficiency if the circumstances are such that they believe it is in the best interest of enforcement and...

We paid the IRS taxes plus penalty and interest on a defunct 419 plan that our financial advisor got us into.

Maybe. And if the settlements were structured properly the answer should be "no.' but that depends on how your litigation attorney reflected things...

How much will i have to pay on an estate tax worth $110,000 in new york state

The link below will take you directly to the NY Dept of Taxation for the calculations and details. If that doesn't help, your tax preparer should...

Sir, my father made an IRA in 1990 under my SS # - I am on SSDI and the bank has just informed me to start taking benefits. I'm

As my colleagues have noted, the payments won't disqualify you.

Can I demand equity from home sale applied to separate lien in my name over ex spouse lien from the same agency ?

The question is a little confusing - but liens on the property will have to be satisfied in the order of seniority no matter who holds title or any...

If I Just received a notice for taxes due with interest. They are federal and never have been on my credit.

You'll need to take care of them by either paying them or assisting the IRS in determining that no tax (or less tax) is due. Good luck.

I received a K-1 for the first year operations from a LLC for which I am nominee. There was no income - no activity. California

No. You can if you wish to be technically complete but it will have no impact on your taxes.

I owe tax on car in ct

Tax issues will not result in your going to jail so you can rest a little easier on that front. However, it can certainly impact your credit and...

I just got a letter form the irs it says " we have to do more resarch dealing with your return

Letters from the IRS are never welcome. Sounds like they're planning to do additional review on your return. Did you have a question regarding the...