Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Any assets that you have are subject to the IRS lien. You may be able to call the IRS and explain your financial situation to them, and ask to be...
I concur with Mr. Fromm. However, the Offer program is much more difficult to navigate through that it was when it first started. There are many...
If you discover an error on your income tax return you should file an amended return. This is a Form 1040X for a personal income tax return. To...
I agree with Mr. Falcone, except that the Mortgage Debt Relief Act does apply to refi's if the debt that you refied would have qualified under the...
Forgiveness of debt is taxable income. However, if you are insolvent or bankrupt the debt may be able to exclude the income from your taxable...
Your withholding as single probably causes you to withhold more taxes than you would as married. Therefore, I do not see a problem here. You can...
I agree with the other professionals that responded. You will probably be best served by filing a joint return, as your tax rate will be lower. ...
The interest is considered income and taxed at ordinary income tax rates. You may have other issues with the defaulted loan as well. You will be...
You have to be careful here. The tax year 2007 is still a tax year that you can be audited. Even though the auditor has not indicated that 2007...
I agree with the previous answer, but the life time gift amount before you have to pay gift taxes is $1,000,000. You will receive the $13,000...
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