I lied about the purchase price of a car on the title and received a letter from Dept of Taxation. Can I come clean?
Henry's answer
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Answered on October 14, 2011
This is a possible criminal situation. You should talk privately with an attorney only where you have attorney/client privilege. Do not discuss...
Archived
Can I sue my accountant/tax preparer for my business ?
Henry's answer
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Answered on October 14, 2011
If this is an outside accountant the answer is "Yes" she is liable for negligence, but only for the penalties generated. You are still liable for...
Archived
Is my house subject to a franchise tax warrant?
Henry's answer
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Answered on October 14, 2011
It would typically only be the assets of the corporation. However, if you dissolve the entity this could become a personal liability. More facts...
Can the state of Massachusetts levy my bank account when my only source of income is from Social Security Disability?
Henry's answer
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Answered on October 14, 2011
When the state placed a levy on the account they did not know the source of funds. When funds are placed in the account the same holds true and...
Archived
What are the tax implication of a permanent US resident receiving a large amount of money by wire from outside US
Henry's answer
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Answered on October 14, 2011
Their is no Gift Tax Return filing requirements here. The U.S. gift tax filing and payment requirements only apply to Donors who are U.S. citizens...
Archived
Should I pay the property tax on my deceased grandmother's property in order to save the property?
Henry's answer
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Answered on October 12, 2011
You need to immediately hire an attorney to protect your rights and give you the proper advice. This is a critical issue and you may lose the...
Archived
My LTD was cancelled, now they want to settle. Will I have to pay taxes if we agree to settle in mediation?
Henry's answer
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Answered on October 12, 2011
Long-term disability benefits received by an employee who has irrevocably elected, prior to the beginning of the plan year, to have the coverage...
Archived
Back State Income Taxes
Henry's answer
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Answered on October 11, 2011
Yes, individuals are typically cash basis taxpayers. Therefore, you deduct the tax in the year you pay it.
Archived
I own a small business and am currently single. I want to get married in Nov. will this affect me come tax time?
Henry's answer
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Answered on October 11, 2011
I agree with attorney Seigel. You need to run both a married filing separately and a married filing jointly tax return and see what works out...
Archived
Foreign Inheritance questions...
Henry's answer
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Answered on October 11, 2011
The value of the property is determined by an appraisal. Your basis in the property is the fair market value as of the date of death.
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