Archived
Is it unlawful for a lawyer who is also an elected official (City Council) to use his tax payer provided IPAD to promote
Christopher's answer
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Answered on October 14, 2012
Not sure what you are claiming this person is doing. But you are correct that most state and municipal governments had rules associated with using...
Archived
Do the eight of us siblings have to pay taxes on our share of the sale of the Estate house?
Christopher's answer
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Answered on October 14, 2012
As the previous attorney states, the 1099 only shows the revenue portion of the transaction. You will report the basis on your tax return, which...
Archived
If I have two home business, where should I allocate my home office expense when I file tax return?
Christopher's answer
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Answered on October 14, 2012
It will likely have to be capitalized between the two entities according to intended % of use. However, how much computer time is really going to...
Fake social security number to work and pay taxes.
Christopher's answer
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Answered on October 14, 2012
Keep in mind. There is some poor guy in Oklahoma trying to explain to the IRS how he never made this money in Arizona that somebody put on his SSN....
Archived
Should I report rental expenses if I don't owe tax?
Christopher's answer
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Answered on October 14, 2012
You should report this. You are going to file jointly, correct? If so, there is no rule that allows you to leave your income off of the return...
If a 1099-s was not issued at the closing sale this year of our non-principal residence are we still liable for taxes?
Christopher's answer
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Answered on October 14, 2012
Separate your duty from their duty. They have a duty to issue a 1099. You have a duty to pay taxes on the amount owed. You don't affect each others...
Archived
Can you file injure spouse on taxes while receiving unemployment benefit.
Christopher's answer
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Answered on October 14, 2012
Yes. If your wife files for Injured Spouse, she will likely receive the full refund as you were on unemployment. However, if you did not withhold...
Archived
Can a non-custodial parent get tax credit for paying half of the child care expense that is part of a child support order?
Christopher's answer
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Answered on October 14, 2012
No. Dependent care expenses can only be taken by the custodial parent. This also applies to Head of Household and the EIC. The only things that can...
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Archived
I have an S-Corporation begun in 2011. I have a personal debt owed to me from 2008. I contributed the debt to the business
Christopher's answer
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Answered on October 14, 2012
You say that you have a "personal debt." Does this mean the loan was personal in nature? Or do you mean the debt was a business debt owed to you...
Archived
My teacher said that lawyers are the most unemployed people in this country am really confused now i dont know maybe is true tax
Christopher's answer
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Answered on October 14, 2012
I won't e-mail you about this, but there is a lot of truth to the notion that lawyers are underemployed. The very high paid ones do as well or...