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How to file tax return after divorce
Christopher's answer
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Answered on September 29, 2012
No. And even if you were married on the last day of the year, Section 7703(b) would treat you as Head of Household as long as you didn't live with...
Archived
My friend has been renting a place and not claiming the rent or the expenses on her tax return! Is this illegal?
Christopher's answer
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Answered on September 29, 2012
All rental income must be declared despite the fact that some people do not do so. They are supposed to declare it.
Christopher Larson
Insight...
Archived
When I filed my tax return in March of this year I learned that I was a victim of identity theft.
Christopher's answer
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Answered on September 29, 2012
They often will if they keep it an unusually long time, which they likely will in your case. The identity theft issues are bad because they can...
Archived
Can an employer legally require you to give him cash to go towards taxes if you do not have enough for withholding on paycheck
Christopher's answer
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Answered on September 29, 2012
You should be able to get some written substantiation for your withholding. I would explain that this would make it beyond difficult to keep track...
Archived
If the IRS is not after me for failure to file my income taxes, what would be the advantage of filing now?
Christopher's answer
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Answered on September 29, 2012
The main advantage is that they can file for you if you do not file. This can cause an inflated tax liability for those years. Also, it starts the...
Archived
Can I be declared non collectable for corporate payroll taxes if my income is social securty?
Christopher's answer
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Answered on September 29, 2012
You can go into Currently Not Collectible regardless of the type of income if your income and assets meet the requirements. If you have a lot of...
Archived
Over 55 yrs old. One time 250K tax deduction. Which part do I have to reinvest to avoid capital gain tax?
Christopher's answer
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Answered on September 27, 2012
No. The exclusion under Section 121 for sale of a principal residence merely excludes the income. There is no requirement to reinvest any of the...
My ex and I have 2 children. She claims one and I claim one on taxes. I want to claim both on taxes b/c I pay for most expense
Christopher's answer
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Answered on September 27, 2012
The divorce decree definitely overrides it in the sense that you could be held in contempt if you deviate from it and eventually forced to do it...
If someone gave me 5 million dollars do i have to pay tax on it.
Christopher's answer
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Answered on September 27, 2012
I would agree with Attorney Givner. There is almost a presumption that a family member giving it to you would constitute a gift. However, if it we...
Archived
I spoke with attorney, on my situation listed above, fee's are more then I can afford. Do i have to retain att. to file documets
Christopher's answer
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Answered on September 27, 2012
I agree that the Low Income Taxpayer Clinics in your area are the best way to go. You might find an Offer in Compromise for less than $2900, but...
