Archived
My father went to court to have me emancipated during 2011, can he claim me as a dependent on his taxes & take my school credit?
Christopher's answer
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Answered on March 17, 2012
I agree that the larger issue is whether you provide more than half of your own support. If you do, nobody can claim you.
Christopher...
Archived
How do we extend the city from taking my dead mothers property with back taxes?
Christopher's answer
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Answered on March 17, 2012
I agree with Attorney Harrington. It isn't like it is March of 2009 and you can count on not being outbid. If you are hoping somebody will not be...
Archived
How will a federal tax lien affect my credit score does a tax lien affect my credit score
Christopher's answer
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Answered on March 17, 2012
You better believe your credit will be affected. The IRS owns an equity interest in all of your assets and new creditors could be squeezed out...
Archived
How do i file a claim against my soon to be ex husband for filing our income taxes online,
without me and kept all the money?
Christopher's answer
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Answered on March 17, 2012
If he filed jointly, and you didn't allow him to, you might be able to challenge it. But you will likely be unsuccessful if this is the way you...
Archived
Do I have to pay taxes on a settlement for my resident second mortgage?
Christopher's answer
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Answered on March 17, 2012
If this was your primary residence, or your liabilities exceeded your assets at the time of discharge, you can file a Form 982 and exclude this...
Can I personally be held liable as a shareholder for my S-Corp tax liability?
Christopher's answer
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Answered on March 17, 2012
Not generally. But it depends on who the penalty was assessed. If you look down on the penalty notice, and see your SSN, be very...
Archived
If I made a settlement with the second mortgage for less than what I owe, should I pay the income tax for the difference?
Christopher's answer
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Answered on March 17, 2012
If this was your primary residence, or your liabilities exceeded your assets at the time of discharge, you can file a Form 982 and exclude this...
Archived
Can the IRS seize my tax refund from my personal 1040 to pay a fine it has levied against an S-Corporation I operate?
Christopher's answer
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Answered on March 16, 2012
They are threatening to take person tax returns for the fine of the company? This indicates that you were fined personally and not the corporation....
Archived
How should separated spouses spilt tax return
Christopher's answer
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Answered on March 16, 2012
For Injured Spouse, the IRS calculates each parties return seperately, combines the refund, and determines which % belongs to which spouse. They...
Archived
Is there tax on gift money worth 10k sent within USA?
Christopher's answer
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Answered on March 16, 2012
Generally no, but you fail to state who is sending it and who is receiving it.
Christopher...