Questions answered by Christopher Michael Larson

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If I win a lawsuit and are awarded money do I have to pay any taxes on that money?

Christopher's answer | Answered on September 23, 2012

This will be a more complicated analysis than can be given here. Likely, some portion will be taxable, and some portion will not. This sounds like...

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Should I file a claim or a tax attorney

Christopher's answer | Answered on September 23, 2012

I am not sure what is happening. Are they denying your Injured Spouse claim, or is it that you wouldn't have a refund in any case, with or without...

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Should I meet with an IRS Criminal Investigator without an attorney if they have already confiscated all money from my biz act

Christopher's answer | Answered on September 23, 2012

NO WAY!!!. The money in your account might be the least of your problems if this turns into a criminal matter. Christopher Larson Insight Law

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Did the IRS assess me beyond the statute of limitations?

Christopher's answer | Answered on September 23, 2012

The date of assessment is a tricky concept. If you never file the returns, the three years never technically starts. And when you do file them,...

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What could be the consequences of allowing my domestic partner to claim me as a dependent for the past 10 years?

Christopher's answer | Answered on September 23, 2012

See a paid preparer. Under certain circumstances, they can claim you as a "Qualifying Relative" and receive the exemption. This will not make them...

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Do I need a tax attorney that speaks IRS?

Christopher's answer | Answered on September 23, 2012

Hire a local tax controversy attorney. Do not hire one of those hucksters on late night TV. Christopher Larson Insight Law

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Can having a tax lienprevent you from traveling outside the US? Does the IRS have e-mail?

Christopher's answer | Answered on September 23, 2012

Liens do not prevent travel. And the IRS does not use e-mail. They use phones and faxes. Christopher Larson Insight Law

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Will I have to par taxes on the sale of a rare coin found?

Christopher's answer | Answered on September 23, 2012

Yes. Even income acquired in this manner must be reported as income. If you find $2 million in a taxi cab, it is taxable income. Christopher...

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IRS is demanding 2,656.00 for income that was not on my w-2 from my former employer and therefore not included when my 2010 taxe

Christopher's answer | Answered on September 23, 2012

If you are temporarily unemployed, it sounds like Currently Not Collectible might be your best option. But don't use that "free parking" spot for...

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If I am rejected by the IRS for an Offer in Compromise that I submitted on my own, can I hire a tax lawyer and try again?

Christopher's answer | Answered on September 23, 2012

There are many, and you really need to get one. Self-filed OICs rarely succeed, and that is intentional on their part in my opinion. Christopher...

Christopher Michael Larson's Answers (1913)

If I win a lawsuit and are awarded money do I have to pay any taxes on that money?

Should I file a claim or a tax attorney

Should I meet with an IRS Criminal Investigator without an attorney if they have already confiscated all money from my biz act

Did the IRS assess me beyond the statute of limitations?

What could be the consequences of allowing my domestic partner to claim me as a dependent for the past 10 years?

Do I need a tax attorney that speaks IRS?

Can having a tax lienprevent you from traveling outside the US? Does the IRS have e-mail?

Will I have to par taxes on the sale of a rare coin found?

IRS is demanding 2,656.00 for income that was not on my w-2 from my former employer and therefore not included when my 2010 taxe

If I am rejected by the IRS for an Offer in Compromise that I submitted on my own, can I hire a tax lawyer and try again?