Archived
My husband is dying. We a have a prenuptial.He owes FTB. Can they collect on my separate property acquired before marriage?
Henry's answer
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Answered on January 07, 2012
If you filed separately and kept your separate assets separate, the FTB cannot collect for your spouses taxes before your marriage. The taxes...
Archived
Taxes after a short sale
Henry's answer
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Answered on January 07, 2012
I agree with the prior attorneys. If this is qualified personal reside Ceo debt you should be covered under the Mortgage Forgiveness Debt Relief...
Archived
Can we file tax as married even if our marriage was void?
Henry's answer
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Answered on January 07, 2012
You cannot file as married unless you were legally married on the last day of the year. A voided marriage is not a legal marriage.
Archived
Do I need to pay tax?
Henry's answer
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Answered on January 07, 2012
No. You do not need to pay tax on a gift you receive. You may have reporting requirements if this is a large gift.
Archived
Can my husband claim our children on his tax returns?
Henry's answer
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Answered on January 07, 2012
Since your child lives with you, you are the custodial parent. You are correct that he would need a Form 8332 release from you to take the...
Archived
Can I deduct the interest I am paying on my late husband's loan ( Bank is still listing loan under his social security number)
Henry's answer
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Answered on January 06, 2012
According to IRC Publication 936 you would need to be obligated on the loan. IRC Reg 1.163-1(b) says that you need equitable or legal ownership to...
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Archived
If someone on ss gets less than $7,500 a year do they have to file taxs
Henry's answer
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Answered on January 06, 2012
If you are below the threshold for filing requirements as pointed out by attorney Larson you do not need to file. However, you should make sure...
Archived
Injured Spouse Tax rule
Henry's answer
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Answered on January 06, 2012
I agree with attorney Larson, you will have to do an allocation between you and your husband to determine how much of this refund would belong to...
Archived
Can I claim the interest I am paying on my late husband's loan , on my income tax ?
Henry's answer
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Answered on January 06, 2012
No, to claim the interest deduction you must make the payments on the loan and be responsible for the debt. You would need to assume the loan to...
Archived
I am paying overdue taxes from 2010 as per arrangement with IRS. How do I answer question re overdue taxes on the N400 form?
Henry's answer
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Answered on January 06, 2012
You have overdue taxes until they are paid in full. Therefore, the answer should be yes you have overdue taxes, but you have a formal arrangement...
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