Archived
How do I change dependency status on filed taxes?
Christopher's answer
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Answered on September 24, 2012
Your parents would have to amend their return for that year and claim you as a dependent. It isn't something you can initiate. The exemption...
Archived
Will the IRS automatically flag and audit me if I file a larger return this year than the last 2 years?
Christopher's answer
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Answered on September 24, 2012
You never can tell when a number is going to be outside of normal range and trigger an audit. Generally, increased income is not as likely to raise...
Archived
Do you have to pay taxes on life insurance money received? Do you claim that money as income in the next tax year?
Christopher's answer
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Answered on September 24, 2012
Generally, life insurance proceeds are not taxable. The logic is that you paid taxes on the money that paid the premiums. However, check with your...
Archived
Do i have to charge my mother for painting her house
Christopher's answer
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Answered on September 24, 2012
For income tax purposes, you do not. This is considered a gift.
Christopher Larson
Insight Law
Archived
Our parents can't afford rent so we are having them stay in our rental home, can we claim this as gift on our taxes?
Christopher's answer
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Answered on September 24, 2012
Can you? Yes. But gifts are not deductible. The general rule is that if you provide over 13k to any specific person during the year, you must...
Archived
What is the best way to handle, multiple years, of un-filed state and federal taxes.
Christopher's answer
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Answered on September 24, 2012
Definitely a tax attorney issue at this point. You need a person with more tax controversy experience than the average H&R Block will offer. They...
Archived
If I use the Taxpayer Advocate Service and complete the 911 form to lift tax lien from wages, how will it appear on background?
Christopher's answer
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Answered on September 24, 2012
There is a difference between a levy and a lien. It sounds like you have a levy on your wages. Removing this wage levy will not remove the lien....
Archived
If I get a gift from my father from overseas how i will be taxed?
Christopher's answer
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Answered on September 23, 2012
Gifts are not taxable to the recipient.
Christopher Larson
Insight Law
Archived
I have a dilemma. I worked for an employer who failed to send me a W-2 or 1099Misc for a two year period. How can I fix this?
Christopher's answer
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Answered on September 23, 2012
Your employer must provide a W-2 for you if you were an employee. I would start by asking them. If you cannot get one, you are supposed to amend...
Archived
My ex wife did not file our 2009, 2010, and 2011 taxes. I was unaware of this until our divorce started. I travel for a living
Christopher's answer
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Answered on September 23, 2012
You say they did not forge your signature. Did they get your signature and then change the returns? It becomes a little harder if you for some...
