Dear Katy, TX:

Well, you have basically two options: 1) Sell the properties as part of the probate process, or 2) Distribute the properties to yourself and your brother and sell them later. Neither really has any effect on the taxes you will pay as far as capital gains.

When a... View More

If your ex-wife was not responsible for the debt then she can file Form 8379, Injured Spouse Allocation. The IRS will allocate the amount that she should have received if she had filed separately. This will hopefully keep things on a more friendly note between the two of you.

If you... View More

In a community property state, your wife has a community interest in your income. The IRS therefore has standing to engage in enforced collection by way of levy of your wife's community interest in your income.

A separate property agreement would protect you from such enforced... View More

Before speaking with an attorney, call the child support agency. Speak with the representative or lawyer who is assigned to this particular case and discuss your options with him/her. Be sure to also discuss your lack of notice of the pending action and of the fact that you have been paying Mom... View More

You should have one, but regardless if you sell items subject to sales tax you are responsible for paying it.

It depends on the term of the trust and the current trustee's power. if the trustee could amend the trust, he/or she might be able to do so without violating Prop 13. I recommend contacting an attorney to review the trust.

the IRS does not call.

i suspect it is a SCAM

The FTB recommends that you contact the credit agencies directly to report a modification or release of a lien since they do not report it directly. I would get a copy of the notice of release for the lien and send it to the credit bureaus requesting that they remove it from your record.

If anything can be done, it would have to be taken care of through the court holding jurisdiction over the court. The IRS just issues the correct refund. They are not going to be aware of your pending divorce decree.

I don't know, since you are going outside of the escrow. I would be careful.

You haven't posted enough information, and you should see a tax professional. However, the federal government has published on this topic (state taxing authority may have a different view):

"Is the discharge of a student loan for Total and Permanent Disability (TPD) taxable?... View More

The IRS can only levy 15% of your social security income.

The State of California cannot levy your social security income, but they will attempt to collect by levying your bank account. Legally, the social security funds in your bank account cannot be taken by the State of California, but... View More

Yours is a complicated question, and a sad situation. There is not much you can do about the mobile home, since it was sold and the Park is closed. As to your parents being hit with a 1/3 tax bill and lien, I think they will have to pay the Bill to get the Lien on the land removed. Without... View More

Taxpayers receive 1099s at the end of the tax year whey they receive any type of non-employee compensation,

The form is prepared by the person or company who pays the money.

You, as the recipient of the money, do not participate in the preparation of the 1099.

Neither the federal government (the IRS), nor your state, can tax you on the settlement or verdict proceeds in most personal injury claims. Federal tax law, for one, excludes damages received as a result of personal physical injuries or physical sickness from a taxpayer's gross income.... View More

It depends on the basis for the settlement. For example, personal injury, lost wages, workers compensation, etc.

Once you describe the type of settlement it was,

it will be easy to describe the tax consequences.

Although I am in private practice now with regard to tax matters, I at one time represented the City of Oceanside.

I invite you to contact my office to schedule a free consultation . The meeting will afford the opportunity to discuss how my services may be of substantial benefit to you.

The FTB Taxpayer Advocate can provide you with assistance in resolving the issue.

Contact information appears at:

https://www.ftb.ca.gov/Contact_Us/tpa_problems.asp

The IRS will place liens on all property owned by the tax debtor. Therefore, if your father does not owe the IRS money and has other property, that other property will not be at risk of having a lien filed on it, nor will they be able to levy or seize that property. The vehicle in which your name... View More

Funds that you receive as an inheritance do not constitute taxable income.