Archived
Hello. I recieved 43k last may from the death of my Father.l It came out of his IRA.....Do I need to pay taxes on this money
Christopher's answer
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Answered on December 01, 2012
It could very well be taxable if the IRA was passed without being taxed. Retirement accounts that are tax deferred do not receive a stepped-up...
Archived
My ex husband forged my signature on a tax return after our divorce.
Christopher's answer
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Answered on December 01, 2012
First of all, the divorce must be finalized as of the last day of the year, or he can claim he had permission. If your divorce was finalized as of...
Archived
Am I responsible for wife's taxes?
Christopher's answer
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Answered on December 01, 2012
Because of community property laws, yes they can.
Christopher Larson
Insight Law
<a href="http://www.insightlawfirm.com/">Tax...
Archived
Why wouldn't the web site be responsible for paying the sales tax?
Christopher's answer
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Answered on December 01, 2012
I agree with the other attorneys. You are getting hit with the ugly little brother of sales tax, known as use tax. The way use tax works, you have...
Archived
I havent filed my taxes in 3 orr 4 years how can i file all those at once to begin paying back for those years
Christopher's answer
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Answered on December 01, 2012
You will need to get your returns prepared and this will not be free. You can download the forms and do it, but your chances of making a mistake...
Archived
Should I file taxes if I've been L&I since September 2011 to current?
Christopher's answer
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Answered on December 01, 2012
You should always file a return just in case. It isn't just about whether you would get refund. You also want to close out that year with the IRS....
Archived
My boyfriend received a letter from the IRS saying they are going to start garnishing his wages and taking money
Christopher's answer
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Answered on December 01, 2012
Do not co-mingle funds with a person that has a large tax debt.
Christopher Larson
Insight Law
<a...
Archived
I have 940 and 941 tax liens from a collapsed business. How can I eliminate these
Christopher's answer
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Answered on December 01, 2012
Depends on the type of entity. If it was a sole prop, you would need to do an Offer in Compromise, etc. to remove these. If it was a corporation,...
If I am sole proprietor can I incorporate to avoid Bank Levy
Christopher's answer
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Answered on December 01, 2012
You need to fix the return issue. Call a tax attorney in your area. Remember, if you form a business entity, the IRS merely has a lien on your...
Can I purchase or lease a new car with a federal tax lien on my credit report?
Christopher's answer
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Answered on December 01, 2012
A tax lien definitely affects your ability to obtain credit. And if you buy it outright, they technically own it and get any proceeds if you later...