Archived
Can the IRS assess tax on alleged income when it does not know the year in which the income was earned?
Christopher's answer
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Answered on December 29, 2011
They don't have to know an exact year of earning. They have broad powers to assess a tax and create a presumption. It is then up to the taxpayer to...
Archived
What kind of help do i need for not paying income on a forgiven debt which i believe does not exist?
Christopher's answer
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Answered on December 29, 2011
It sounds like the IRS received a 1099C. There are ways to challenge the underlying liability, even if many deadlines have passed. An audit...
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I have created a website for a political candidate ? is it tax deductible?
Christopher's answer
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Answered on December 29, 2011
The above attorney is spot on. It is not your business, so therefore any money you spend out of your pocket is not deductible. Political activity...
Archived
Taxes on a Roth IRA
Christopher's answer
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Answered on December 29, 2011
Some of the exceptions are:
1. Qualified Medical Expenses.
2. Higher Education Expenses
3. Distributions to unemployed individuals for health...
Archived
How long do i have to work to be able to fix my husband papers. do i have to do my income tax?
Christopher's answer
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Answered on December 28, 2011
Here are the minimum income requirements to file an income tax. If your income is in excess of this, you must file. But it is a good idea to always...
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By court order, I have sole physical custody & joint legal custody of our 3 kids with my ex. Can he file children on tax return?
Christopher's answer
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Answered on December 28, 2011
He cannot claim the children. You can allow him to take the dependent exemption for them if you sign a form allowing him to. But even if you did...
Archived
Sales Tax in Wyoming
Christopher's answer
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Answered on December 28, 2011
Here is a link. Look in the 2nd section called "Excise (Sales, Use, Cigarette and Estate Tax)." Under this, there are a couple things of interest...
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We were served papers last night as defendants for house trust left to us, saying we must pay fees, taxes and IRS bill.
Christopher's answer
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Answered on December 28, 2011
Not entirely understanding this either. But I can say that whoever owns the home is generally responsible for the property taxes. The federal tax...
Archived
Are my contributions toward my child attending a training school and then missions work tax deductible?
Christopher's answer
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Answered on December 28, 2011
Here is a link to Publication 17. This explains which education expenses are deductible. But another factor seems to be whether this is a "Eligible...
Archived
I want to have a non profit business that will help market rescue groups and at the same time make profit with another business.
Christopher's answer
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Answered on December 28, 2011
I am not clear why you want to combine the activities into one entity. I am not sure what a "market rescue" group is. But if they are charitable...