Henry Daniel Lively's Answers (4728)

Message View Profile

Message View Profile

Archived

My brother has a tax i.d. number and my wife wants to be put on it so she can start a business. how do we do this?

Henry's answer | Answered on February 27, 2010

I agree with attorney Walter. You should get your own tax ID number for your business, unless you are buying the existing business and it was a...

Archived

I have not filed federal taxes for capital gains on a mutual fund for eight years, what should I do?

Henry's answer | Answered on February 27, 2010

I agree with attorney Koslyn. You can also order a transcript of your account with the IRS to verify what has been reported against you. The key...

Archived

The head of a bank/trust department gave me erronious information which is costing me over $6000 in income tax

Henry's answer | Answered on February 27, 2010

What are the taxes for? Was this a retirement account? If there are no penalties that you had to pay it is probably just a no harm no foul type...

Archived

California LLC "Gross Receipts" Tax Question

Henry's answer | Answered on February 24, 2010

Your accountant is correct and this is not optional. Most states require that you file returns in that state if you do business there. You may...

Archived

Someone I know has not paid taxes in 5 years?

Henry's answer | Answered on February 24, 2010

Alimony is not necessarily taxable. By agreement, the paying spouse can pay the taxes on the amount by not deducting it from their return. Any...

Archived

My ex claimed children as dependants on taxes and filed first. It is my year to claim. What do I need to do?

Henry's answer | Answered on February 24, 2010

You cannot efile the return, but you can paper file your return and claim the deduction. Then the IRS will send each of you a letter asking you to...

Archived

In California, how will I be taxed on a short sale loss?

Henry's answer | Answered on February 24, 2010

California does not currently conform to federal law with regard to income from debt relief, The federal Mortgage Forgiveness Debt Relief Act of...

Archived

My tax preparer did not enter my full checking account number on my return. Who is responsible?

Henry's answer | Answered on February 24, 2010

You need to contact the IRS right away and let them know about the error. At this point you can try to get them to correct the information and...

Archived

Filed Taxes Jointly as married for the tax benefit but we are NOT married, OR common law. Does this make me common law in CO?

Henry's answer | Answered on February 24, 2010

I agree with attorney Geno and stress that you should file an amended return to correct this situation. Any individual seeking legal advice for...

Archived

I cosigned on a house for my brother. Do i claim the taxes as a home or a rental on my taxes?

Henry's answer | Answered on February 24, 2010

This is not a rental property unless your brother is paying you rent. Take your portion of the property taxes on Schedule A as an investment...

Ad

Transform legal challenges into solutions.

Connect now to review your situation.

The Avvo Rating explained

display-bg

The Avvo Rating explained