Reassessment occurs when there is a change in ownership. Generally adding a joint tenant is not a change in ownership, but it is confusing and...

What can my dad do to get out of this situation or fix the problem? So he wont do time. Can he just pay back the money?

Outside of a few exceptions or a waiver by the custodial parent, the parent who the child lives with the majority of the year gets the dependent...

How many years of tax returns will I need to provide and when will I be asked for them?

You need to file all open tax years even if you are filing for bankruptcy. Generally income tax liabilities are not dischargeable in bankruptcy...

Tax refund on repayment of wages

Generally individual taxpayers are on the cash method. You pay tax on income in the year received. Therefore if you had an unrestricted right to...

Phone & internet expense deduction for business

If you read IRS Publication 535 their position is that you cannot deduct the basic cost of a phone if it is only partially used for business. In...

I received a Substitution of Trustee - can anyone tell me what this means?

Your question is too vague. Trustee of a trust? Trustee under a Deed of Trust? In the former the prior trustee has been acquired (such as a...

How should I send 1099 to sub-contractors after the Feb 2nd deadline

Send the 1099's right away. There are penalties per 1099 that add up quickly if not timely issued. That said it is unlikely a contractor will...

If we dont pay the franchise tax then will the government come after me or my cofounder? We dont intend to continue the company.

Tis is a question that needs consultation with an attorney or CPA familiar with Delaware law.

I owe past taxes from a failed S-corp business. Getting a personal refund this year. Can IRS hold the refund or keep?

There are too many unkowns in your question to answer in a forum like this. You need to consult with a tax attorney or CPA. If the business was...

My husband and I filed our taxes married filing jointly but we are now separated. he thinks he is going to get all of it. We are

You need to discuss this with your family law attorney since the refund is an asset of the marital estate to be divided with all other property. ...