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Christopher Michael Larson's Answers (1913)

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Paying less income tax during the year

Christopher's answer | Answered on April 02, 2012

This used to be a lot more beneficial as a way to invest your withholding during the year instead of letting the IRS do so. But with the penalty,...

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If i have 50%custody who should claim the baby on the taxes

Christopher's answer | Answered on April 02, 2012

If you have the child the exact same number of days, the parent with the highest AGI will generally claim the child. There are some complexities in...

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In Tax Court, what is a notice of concession?

Christopher's answer | Answered on April 02, 2012

I agree with Attorney Wyman. If you have not received a decision document, nothing is final. Christopher...

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Do I have to pay the back taxes from my ex for him underreporting his income while we were married?

Christopher's answer | Answered on April 02, 2012

I agree. Your best bet would be some type of state Innocent Spouse process if available. Christopher...

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Can I get in trouble with the IRS for claiming my son when it was his fathers year to claim him according to the divorce decree?

Christopher's answer | Answered on March 29, 2012

Well, you will not get in trouble with the IRS because to meet the requirements. However, by not giving him the exemption and Child Tax Credit, you...

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Tax Q re W-9 Form. How do I use this. I own small sole prop & will need to 1099 someone next year. Is W9 just for me or IRS?

Christopher's answer | Answered on March 29, 2012

It gives you the information needed to 1099 the person that gave it to you. The W-9 is for you and the 1099 is for the IRS. Christopher...

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Trying to refiance a mortgage I own to get lower intrestest rate, found my husband to have a tax lien agianst the deed.

Christopher's answer | Answered on March 29, 2012

You do need to get a tax attorney. The problem is that you both own the house, even though only he owes money. So getting the lien removed from...

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I and my husband are separated since 01/12. We filed 2010 tax returns together. Can I order a copy from IRS?

Christopher's answer | Answered on March 29, 2012

Call the IRS and request a "Record of Account" for 2010. Christopher Larson www.insightlawfirm.com www.insightlawfirm.wordpress.com

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TAX LIENS

Christopher's answer | Answered on March 29, 2012

Liens exist because you owe money. If the bankruptcy discharges the taxes, the liens can also go away. I would speak with a tax attorney first. But...

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Do I have to file tax return on interest income that less than $2,000?

Christopher's answer | Answered on March 29, 2012

It is not required, but you should do so just to tie up the year and put a time limit on the IRS looking into the year. Theoretically, they could...