Archived
What were the parameters for the one-time tax abatement passed in the past two years, or so?
Christopher's answer
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Answered on February 15, 2012
Not sure what you mean. Are you talking about Arizona taxes or federal? There was the offshore account disclosure program. Is that what you are...
Archived
My ex got our old tax debt in divorce & doesn't want to pay.He wants to file amended return with more deductions. I don't.Help?
Christopher's answer
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Answered on February 15, 2012
Don't sign an incorrect return. He cannot refile without your signature.
Christopher...
Archived
How to compute 1099 C (cancellation of debt)
Christopher's answer
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Answered on February 15, 2012
You will be sent a 1099-C that tell you how much Cancellation of Debt income you have. This income can be excluded using a Form 982 if related to...
Archived
I am a WA lawyer. Pls advise where to find the most affordable professional liability insurance.
Christopher's answer
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Answered on February 15, 2012
I went through the WSBA.
Christopher Larson
Insight Law
www.insightlawfirm.com
Archived
Do my EX Spouse and I split the foreclosure taxes that are on this 1099-C I received? Or am I on my own?
Christopher's answer
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Answered on February 15, 2012
Whoever has the mortgage forgiven gets the 1099-C. If this was your primary residence, file a Form 982 with your return to exclude the income....
Archived
I am non resident alian on valid US visa, can I apply ITIN for my wife who never entered USA , can i file my TAX return joint
Christopher's answer
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Answered on February 15, 2012
If YOU are a non-resident alien, I am not sure. But if you were in the US for 183 days, you were a resident alien. Even if you weren't, days from...
Archived
My wife had 50/50 custody of three childern and now she has full custody do we have to let him claim any childern on his taxes
Christopher's answer
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Answered on February 15, 2012
If the divorce decree requires you to give him one exemption every other year, I would follow that unless expressly told to do otherwise. The...
Archived
Declaring foreign income on personal tax?
Christopher's answer
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Answered on February 15, 2012
Yes. He must report all worldwide income on his annual tax return if he is a US Citizen or Resident Alien.
Christopher Larson
Insight...
Archived
II did not file for taxes for 2008 and 2009. Is this a problem?
Christopher's answer
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Answered on February 15, 2012
There will be no penalty, but there also might not be a refund. Most refundable credits require some earned income. Financial aid in the form of...
Archived
What will happen to my ex husband we were divorced last sep 8 2010 and he filied taxes last year claiming me and my son?
Christopher's answer
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Answered on February 15, 2012
If you filed also, they will deny him for both. It may take them a year, or even two years, but they will send him a notice. Some taxpayers do...
