Am I insolvent with regards...?

I agree with the other attorney. Insolvency is a balance sheet issue. Do your total debts exceed your total assets? If they do, you are insolvent.

Tax on a second home - partial rental

Typically, on your parents side you would be limited to the income you receive for taking deductions. The other half would be treated like a...

Is a company liable for a client's tax amendment fee if we sent them a corrected 1098?

A 1098 is an information return. The taxpayer is required to report the correct information on there return whether you give them a 1098 or not. ...

Hello sir

Yes, it will stop your failure to file penalty.

There is no personal liability for the penalty. The IRS can levy on the Corporation, but it has no assets to take.

What can I do if my employer has lied to the IRS?

If the employer does not honor the levy they can be responsible for substantial fines. You can always voluntarily pay the tax.

I own a NJ S-Corp since 2001, and just got 25 quarters of estimated taxes for PA because my NJ CPA didn't file them, what to do?

You don't indicate why you have to file a PA tax return in the first place. You must do business in that state. You will need to hire a tax...

I have a docket number on my credit report regarding a 1992 St. of Illinois tax lien. Need to find out how to get a pay off

Contact the lien desk at your state taxing agency. They will walk you through the process of payment and lien removal.

Since she received her share of the money, the question would be, “what are her damages?”

Irs has filed a case of under reporting on my 2009 tax year return due to some income that did not recieve

You should hire an attorney to represent you in this matter. Usually the 1099 from the casino has your ID number on it. Did they have this...