The vacant lot is delinquent on its property taxes for many years and is being sold by Lake County, Illinois. Because the postal address is the same as my house in which my daughter and grand children reside, the sheriff arrived at 4:30 AM at my house to serve papers and dozens of certified... Read more »
to wait. basically i want to know can i buy now, and then pay the 500k tax later. i am buying in cash no mortgage, i couldnt find any topics in my situation :) dont mind my typos this site only lets me use few words
Currently a resident of IL. Considering taking a job that will involve travel to various sites and offices on the W Coast and states adjacent – basically CA, NE, AZ and OR. Will have latitude on where to spend my time, but the main office is in LA. Will get a cheap apartment there. My... Read more »
Your biggest problem may be California. Check it’s residency rules versus part year resident and non resident and document accordingly. California is notorious for its aggressive pursuit of tax dollars. You likely have to file a non resident return for states where you are physically located...Read more »
Sorry, but this does not sound like a maritime question. Also, the naming in issue did not come through. Please try trademark and copy write experts. Thank you and best regards. Tom Evans Maritime Lawyer Please see Justia disclaimer.
It sounds to me like you are making up problems for yourself. Concentrate on paying Uncle Sam and Illinois whatever income taxes owed and forget about the other 49 states. If there ever is a problem they will contact you.
We got a letter from the employer saying we needed to pay back $27k in two weeks. When we got his w-2's and mine , this pay was not reflected at all. We don't know what our right's are in this case. We don't pay much attention to our bank statements and just paid bills as usual and we don't have... Read more »
Whether you look at your bank statements or not is irrelevant. If your employer actually paid your husband $27,000 more than he was entitled, he will either have to give it back or will probably be sued by the employer.
My income puts me just over the 400% threshold. If I made a little less I would not owe very much in taxes but now I owe 20k because I have to repay the full health insurance tax credit and I can’t afford it.
The first thing I would advise is to have your return prepared by a good CPA if you have not already done so. Make sure you use a good CPA and not a national chain. They may find some deductions that you were not aware you could take. After that if you still have a large balance due, contact a...Read more »
In our settlement, my ex and I agreed he would take the child tax credits for our children every year on his tax returns, though I am the custodial parent. He died last spring. Should his 2018 (deceased) return carry the child tax credits, (in which case any refund would go to his estate which is... Read more »
Your are dealing with about three issues here and it is not that simple. First, income should be reported in the year it was received. Even if you do not cash the check the IRS treats it as if you received it, that is called "constructive receipt," which means we will pretend you received it so...Read more »
Generally, you are not required to pay taxes on any funds awarded to cover costs incurred as a result of the injury that you sustained. These costs can include medical bills and legal bills. However, you must treat any punitive damages that you receive as taxable income.
Unfortunately, you cannot subpoena documents from an employer unless it is in connection with a court case that is already filed. Since I assume you are speaking of an administrative appeal with the IRS Office of Appeals, you would not be able to issue a subpoena. You can request the documents from...Read more »
Are they required to give me tax forms as well as withhold medicare and social security from my check? All they are telling me is that they need my social for tax reasons. Is there anything I need from them?
My employer offers the cafeteria 125 plan for AFLAC. I want to drop AFLAC but my employer said I cannot. I can only cancel them during open enrollment. They said the IRS will not allow it. I called the IRS and they said " due to budget constraints, they cannot answer or help me. What do I do.
The IRS is requesting for copy of my employer’s tuition reimbursement policy or a letter from my employer that I did not receive any tuition reimbursement. I don’t work for this employer any more. I sent an email to the HR and my mail was forwarded to their legal department. I have not heard... Read more »
This will likely not satisfy the IRS but will show that you are trying and they may allow you more time. I suggest sending a certified letter to the legal department. Provide them with a copy of the IRS request, and the emails and let them know you need a response within whatever time period the...Read more »
I just sold my portion of a family business (commercial real-estate that had rental income) back to my family who held the mortgage. I understand I need to purchase like property to avoid cap gains tax. If I cannot close in the 60 days can I get a commitment letter? Can I use a portion for... Read more »
The answers to your questions depend on very specific facts that are not provided here, such as your relationship to the family business, your actual interest in the business, as well as terms of the sale of your interest back to your family.
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