If you can obtain the 120 day hold, it will not impact the running of the CSED.

It's therefore quite appropriate to see if you can get the IRS to agree to the hold.

These types of irrevocable trusts are typically set up as "grantor" trusts which means that they remain under the Social Security number of your mother and the income is taxed to her. I hope this is not something you are trying to set up yourself as they are typically only prepared by... View More

These types of irrevocable trusts are typically set up as "grantor" trusts which means that they remain under the Social Security number of your mother and the income is taxed to her. I hope this is not something you are trying to set up yourself as they are typically only prepared by... View More

I am a Vietnam veteran myself. Thank you for your service.

It's best to contact the California Franchise Tax Board by phone and request a 30 day hold on collection.

They will ordinarily grant such a request.

Then immediately establish contact with a skilled tax attorney... View More

I usually advise my clients to file their taxes jointly, but if you have strong reasons to do so, file married, filing separately.

I tend to see this occasionally for self-employed or contract workers who claim the EITC. They are investigating as to whether the taxpayer has legitimate earnings to claim the Earned Income Tax Credit. I would suggest you contact the Taxpayer Advocate Service, then can assist and can issue an... View More

Steve A. Buchwalter Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 25, 2018

Yes. Pursuant to question 14m on the form U4, only unsatisfied liens need to be reported.

You need a consultation with a tax attorney. I am not aware that the IRS can seize life insurance proceeds, however, I do not know all the details of your case so it is impossible for me to give you a complete answer. If you cannot afford an attorney then contact a low income taxpayer clinic in... View More

The Notice of Deficiency will set forth the deadline for filing a timely petition with the US Tax Court.

Filing such a petition is the best approach to insure that you are adequately protecting yourself.

The filing of the petition will generate a settlement conference with the IRS... View More

I would suggest you ask the doctor to modify the notes or write a specific note regarding the need for supervised care. It is unlikely the IRS will want to examine patient medical records. In most cases, correspondence from the treating Physician will suffice.

In general, a taxpayer can file a claim for refund the later of:

Four years after the original return due date.

Four years after the date of a timely filed return.

One year from the date of overpayment.

No, your OPT must relate to your major at the university.

That was a big mistake for the decedent to not name beneficiaries for the account. The 3 sons should ask for the statements to verify the distributions. The executor should be filing a Form 1041 with a Form K-1 to each of the 3 sons to show them what their share of income and expenses would be.

Yitz E. Weiss Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 5, 2018

Under California law, your employer must pay you in full for all hours worked. You must be paid on time, on the regularly scheduled payday. Along with your paycheck, your employer must also provide a wage statement detailing, among other things, your hours worked, rate of pay, and all deductions.... View More

Dear Cary NC:

Normally, you select your tax year when you apply for the EIN. If you did not select one, it will default to a standard year.

However, I would check the IRS confirmation letter and with your tax professional to ensure you are correct on the tax year. One should never... View More

Dear Cary NC:

If you are going though a California probate, which is required to deal with real property located in California, you must get an order of the court to distribute any estate property to the beneficiary. While this is normally done when the estate is in a condition to close,... View More

Unfortunately, this happens all too often when IRA owners do not designate a beneficiary on their beneficiary statement. The IRA institution will pay the proceeds only to the estate, which, depending upon the State, may further complicate the process and cause greater expense. Because there was... View More

Usually the IRS will grant a taxpayer a one-time penalty abatement. This would take care of any penalties. She has to call the IRS and request it. They will usually grant it over the phone. If you are unable to pay the amount due with the filed return, then you should wait and request the... View More

The estate is responsible for paying estate taxes. The executor of the estate is delegated the responsibility for the proper filing of tax returns and payment of any taxes owed by the estate. If you merely received an inheritance you don't pay the tax, the estate does.

If you are asking if you should provide an amended return, the answer is no. The auditor will adjust your return according to what you have been or have been unable to provide. It might be to your benefit to consult with an attorney prior to ending the audit. Most of us offer a free consultation... View More