Archived
Filed Bankruptcy in 2010. Rec'd 2 1099-A's in 2012. IRS liability is 70,000 Is there a program to reduce debt disabled person.
Henry's answer
|
Answered on May 11, 2013
If the 1099's relate to the cancellation of debt and the debt was discharged in your bankruptcy it is not taxable income under Section 108 of the...
Archived
Do I file again,
Henry's answer
|
Answered on May 11, 2013
No. The filing of a joint return requires the consent and signature of both spouses. If you do not want to file jointly you should file your own...
Archived
Are there tax consequencies in deed in lieu of foreclosure? I was discharge in chapter 7.
Henry's answer
|
Answered on May 11, 2013
I agree with attorney Stempler. Code Section 108 of the Internal Revenue Code specifically excludes taxation of debt discharged in a bankruptcy...
If you are a tax exempt business do you pay property taxes?
Henry's answer
|
Answered on May 11, 2013
Tax exemption under 501(c)(3) is exemption from Income Tax and not an exemption from property taxes. Property taxes are a state issue and unless...
Archived
Do I have to file an estate tax form?
Henry's answer
|
Answered on May 11, 2013
You do not appear to have a taxable estate for Federal tax purposes. There is currently an exclusion of $5,250,000 for Federal purposes. As long...
Archived
I have tax problems stemming from a defunct business and wage garnishments. I don't have the money to hire an attorney.
Henry's answer
|
Answered on May 11, 2013
It is difficult to answer this question, because you do not ask anything specific. Unfortunately, in my practice I see people everyday that are in...
Archived
What can i do if I gifted my old house to my son but he did not get the house in his name, did not pay the taxes.
Henry's answer
|
Answered on May 11, 2013
There are just not enough facts here to answer your question. If you did not change title to your sons name you may not have gifted him your home...
Archived
Hi I got a cp59 for 2011 Taxs . I got it on 5/4/13 .
Henry's answer
|
Answered on May 09, 2013
The 30 says begins from the date of the notice. Regardless, you want to prepare your return and get it filed before the IRS does it for you with...
Archived
I am holding $160k, for my grandmother in my bank account. Is there any tax consequence? Any legal step I need to take? Thanks
Henry's answer
|
Answered on May 09, 2013
I agree with the other attorney and add that this amount could be treated as a gift to you. Her estate may also have a claim against you for...
Is our company required to complete a CA Form 590?
Henry's answer
|
Answered on May 09, 2013
Form 590 is a CA Withholding Exemption Certificate that they are providing you so that they do not have to withhold from your payments. They are...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained