Questions answered by Rex Wenstrom Halverson

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I'm filing taxes married but separate. We filed for divorce but its not finale. If my ex owes the irs can they keep my refund?

Rex's answer | Answered on January 31, 2014

Is the debt owed to the IRS for a year in which you filed as married filing jointly? If so, there is a good chance the IRS will take your refund...

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The house will remain a shared asset. after my divorce. At sale what be the fair way to split the capital gains tax?

Rex's answer | Answered on January 28, 2014

You need to talk to your CPA or a tax attorney to lay out the options and put together a plan for avoidance of taxes on the eventual sale of the...

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How to file a back tax return when you have no records?

Rex's answer | Answered on January 28, 2014

You might ask the IRS for a transcript of earnings and/or taxes for your SSN and your husband's going back as far as they have in their records. ...

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Past taxes and statue of limitations question.

Rex's answer | Answered on January 28, 2014

The normal statute of limitations in California is four years; but, my colleague is correct, there is no statute of limitations if you failed to...

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What year do i report IRS tax for - I entered into a contract in Nov 2013. but the payments will be received in 2014?

Rex's answer | Answered on January 28, 2014

I would only add that most people are cash basis taxpayers. That is, they report income in the year that they receive the income.

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My wife has been out of work for 5 months, could I claim her on my tax return?

Rex's answer | Answered on January 24, 2014

I don't quite understand the question but I will hazard to guess that you want to claim her as a dependent on your return and take the personal...

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I owe the IRS & FTB income taxes for previous years. Who do I need to talk to?

Rex's answer | Answered on January 23, 2014

You need to respond to the person or address noted on the notices that you have received from the IRS and FTB. It will be important that you bring...

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I had to pay taxes for my ex husband. What are my options for reimbursement?

Rex's answer | Answered on January 23, 2014

This is not a tax question but I do agree that if you have emails that reflect your spouse agreed to pay the $700, it may be worth pursuing...

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I filed a final franchise tax return for FYE 7/2010 but did not and was not aware that I had to legally dissolve the corporation

Rex's answer | Answered on January 23, 2014

The FTB will want the $800 minimum tax and penalties for each year. There is not enough money at stake to warrant hiring a tax attorney, so I...

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I was unable to pay my property taxes for the past few years. Can I request to have fees or penalties removed?

Rex's answer | Answered on January 23, 2014

I am very sorry to tell you that penalties will only be abated for "reasonable cause" and the inability to pay is not an excuse under the law. In...

Rex Wenstrom Halverson's Answers (796)

I'm filing taxes married but separate. We filed for divorce but its not finale. If my ex owes the irs can they keep my refund?

The house will remain a shared asset. after my divorce. At sale what be the fair way to split the capital gains tax?

How to file a back tax return when you have no records?

Past taxes and statue of limitations question.

What year do i report IRS tax for - I entered into a contract in Nov 2013. but the payments will be received in 2014?

My wife has been out of work for 5 months, could I claim her on my tax return?

I owe the IRS & FTB income taxes for previous years. Who do I need to talk to?

I had to pay taxes for my ex husband. What are my options for reimbursement?

I filed a final franchise tax return for FYE 7/2010 but did not and was not aware that I had to legally dissolve the corporation

I was unable to pay my property taxes for the past few years. Can I request to have fees or penalties removed?