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My ex recently passed away & hadn't filed income taxes for a few years. Will my son be responsible for his taxes?
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Answered on October 08, 2012
He may in the sense that anything he was going to receive from the estate might be less. But he will never become personally liable if the estate...
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Is there any way to avoid liability for the entire amount of joint return back taxes owed?
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Answered on October 07, 2012
It doesn't work that way. You can possibly have them apportioned via Innocent Spouse Relief under Section 6015(c), but it is not clear if you...
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I received a letter from a ACS saying they have sent a levey to my bank on behalf of IRS. this is taxes that my deceased husband
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Answered on October 07, 2012
Never communicate with ACS by mail. Speak with them by phone and verify that they have set up an installment agreement. Mail takes too long, and if...
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My daughter lives with me full time, her father pays child support. Doesn't see her very much and wants to claim her on his taxs
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Answered on October 07, 2012
Not unless there is a court decree stating that he can. If not, it defaults to the IRS rules and the parent that has the child a greater number of...
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If my husband left me and our 2 kids do i have to file a form saying that? and can he claim them on taxes if they stay with me?
Christopher's answer
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Answered on October 07, 2012
I cannot tell you about the divorce aspect of this. But I can say that you can file Married Filing Separately this year and technically claim the...
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Would this be worth the cost to try to change a mediation agreement that has $0 child support and switches tax claims each year?
Christopher's answer
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Answered on October 07, 2012
And also keep in mind, if they don't have another bedroom in the apartment, he is doing what he can to separate the situations. The court will...
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Is it tax efficient to pay standard IRA to estate vs distribute to benefiaries where tax liability is incurred
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Answered on October 07, 2012
I would speak with a professional. On the surface, this doesn't seem like a great idea because your IRA will not receive a stepped up basis and the...
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Can a prisoner that is filing for 2011 due to retirement account income take the personal exemption for himself?
Christopher's answer
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Answered on October 07, 2012
No. The US Government fails the relationship test and cannot claim him. As far as I know, an incarcerated person claims their own personal...
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Who owns an LLC and how can it be taxed?
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Answered on October 07, 2012
Unless the manager is a member, he is simply an employee and it is a single member LLC that will be reported on a Schedule C.
Christopher...
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Im filing for divorce. If I have my son full time with no help from his father. what do I put for the section on the tax returns
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Answered on October 07, 2012
You can however file as Head of Household under Section 7703(b) provided that you lived apart for the last 6 months of the year. You cease to be...