Is the intrest payed from a workers compensation medical settlement annuity taxable

I agree with the previous attorney that posted and add that if any portion of your benefits reduce your social security benefits that portion is...

Overdue tax bill went to attorney and he won't accept payments for his fee, we can pay the tax bill outright though

This does not sound right. You need to immediately seek the counsel of a local attorney to determine what is going on here. The fee sounds too...

Selected as the best answer

I started an LLC (in California) July 2011, should I receive a notification of annual tax fee in the mail?

This is the minimum tax that is due each year whether the company is active or not, and whether it is making a profit or not. There is no...

Will I have a tax liability for refunding an LTD overpayment from an SSDI lump sum if awarded?

If you pay back Prudential if will be after tax for the SSDI lump sum benefit. You will then need to compute the taxable portion, if any, of the...

Married couples can decide to file either jointly or separately when they file an original return for a particular year. Couples can change their...

DOES HE HAVE THE RIGHT TO CLAIM THE KIDS WHENEVER HE WANT TO?

Your question is not clear. If your order from the court indicates that you claim the dependency deduction every other year you must follow the...

My boyfriend and my ex-boyfriend both want to claim my children as deductions...

I agree with attorney Larson. Under the code you are entitled to the deduction and you would be deemed the custodial parent. He could never take...

Wife inadverntanly filed joint tax return while I was away

Your spouse can file an injured spouse claim with the IRS to separate her portion of the refund. Since you say she is not responsible for the debt...

My dad passed and i am the oldest child i got all his tax debt laid against me. I did nothing for 15 years and it is deemed

First, your father's tax debt is not your tax debt. If you have unfiled tax returns that is your responsibility. Yes, you should file any back...

Can I include state taxes in a Chapter 7 filing?

If these taxes are not fiduciary taxes (Payroll or Sales Taxes), then they can be discharged if they meet certain criteria. The tax must be at...