Is this tax fraud? I know someone who had a I think it was rainbow vacuum business. They stopped it years ago but I saw their
Christopher's answer
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Answered on November 10, 2012
It is tax fraud to claim non-existent losses on a business. However, there is no reward for reporting something that small. What is your concern if...
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Bankruptcy and 1099-C. Can banks still issue 1099-C after filing for Bankruptcy?
Christopher's answer
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Answered on November 10, 2012
They can do it. But then you can file a Form 982 to exclude the income.
Christopher Larson
Insight Law
<a...
Archived
Gift to payoff student loan debt.
Christopher's answer
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Answered on November 10, 2012
If you pay it yourself, you may be able to deduct it on your taxes. Talk to your CPA.
Christopher Larson
Insight Law
<a...
Archived
My client in Oregon has been notified of a business audit by the IRS. I live in So CA & keep his "shoebox". Change venue?
Christopher's answer
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Answered on November 10, 2012
Yes. They can get information in one audit and use it to pursue another taxpayer. Happens all the time. They are not telling the new taxpayer...
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My wifes ex is trying to get taxes back off her can he do that?
Christopher's answer
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Answered on November 10, 2012
She can file her own returns Married Filing Separately and put an end to all the speculation.
Christopher Larson
Insight Law
<a...
Archived
All the members of LLC have responsibilties of debt (sales tax) of the business?
Christopher's answer
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Answered on November 10, 2012
Most states will assert that they are. Get a tax attorney as soon as possible. Keep in mind, it isn't what you really owe without an attorney. It...
Archived
A state audit of our company states that we should have treated our workers as employees rather than independent contractors.
Christopher's answer
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Answered on November 10, 2012
You are likely correct. If the state has made this determination, your best bet is to proactively fix the IRS matter before they come knocking. It...
Archived
I WAS MARRIED IN 2012 TO ONE PERSON. GOT DIVORCED AND REMARRIED IN 2012. DOES MY EX AND I HAVE TO FILE TAXES JOINTLY EVEN THOUG
Christopher's answer
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Answered on November 10, 2012
You are only married to the person that you were married to on the last day of the tax year.
Christopher Larson
Insight Law
<a...
Do I need a tax lawyer, CPA or tax preparer for filing back taxes?
Christopher's answer
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Answered on November 10, 2012
I would say a CPA. They are very adept at handling these types of situations. I would get a CPA to help with the receipt intensive expense...
Archived
What if I am have been common law married and did not file my tax return as married filing jointly?
Christopher's answer
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Answered on November 10, 2012
You first need to make sure you are legally married under SC law, and be willing to accept all the burdens that go with it. You cannot be married...
