Your current state is Virginia
At this time. I was due a refund and was wondering if I am still eligible for it? I read somewhere that exceptions were made for such impairments. I haven't worked since till this year when I did file and will it effect this or the 1200 stimulus check I may receive?
Sorry, but you are way too late to try to catch that gravy train--which left the station over 12 years ago. But who knows? If you did file a tax return for 2018 you might luck out and receive $1,200.
My wife and I filed jointly in 2018 I made more than her that year. We also have two children 5, and 7. I own back child support. Will they not give my wife and children their Portion of the stimulus check? Also if it is offset will it go to my back support? I have read the 147 page bill signed... Read more »
In light of the moment-by-moment changes being made to federal, state and local laws as all the governments try to handle all aspects of the Corona virus pandemic sweeping the world--and all the new financial tricks going out of Washington--I have decided not even to try to answer any of the scores... Read more »
According to the covid stimulus package, those who are in default of their student loans will not have their tax refund garnished. My question is: Does this apply to only 2019 tax refunds, or will it also apply to 2017 and 2018 refunds? I am entitled to refunds for the past three years and never... Read more »
The stimulus does not involve tax year 2019--because 2019 tax returns are not even due until July 15, 2020. Moreover, If you have never filed tax returns for tax years 2018 or 2017 you will probably not receive any stimulus check.
Find any tax documents you have in your possession.
Order Wage & Income and account transcripts from the IRS.
Draft and file the missing returns. Ask for forgiveness on any penalties.
Setup a payment plan for the amounts owed, if any.
May want to hire a... Read more »
I emailed the company about this person’s character
The essence of defamation is spreading untrue things about individuals that harm them. Truth is always a defense in any defamation action.
owe a balance. working out an installment agreement (owe just over 25k, so the installment was for 600/month pending payment of the 2018 balance that I have not yet been able to pay).
Hi. Yes, they will process a wage garnishment
My uncle withdrew his entire fee and now the estate account is empty with property taxes, home insurance and utilities overdue and is looking into selling the house. Is my uncle or myself(beneficiary living in the home) responsible for the bills? Also, is there estate tax and inheritance tax due in... Read more »
The fee should not be taken until the estate is settled. The house sounds like it is going to need to be sold to make the estate whole. The estate tax is based on who takes what and the relationship to the deceased. You are better off talking to a probate attorney to get direct answers to your... Read more »
If you have named your resident mother as a dependent in your federal tax return, she is not disqualified and barred from applying for naturalization.
Good luck to you.
I’ve been provided with a w2 form for every nanny job I’ve worked for but when this job didn’t give me one I assumed they were paying me under the table. Now that they want to claim childcare will be both get in trouble or just me?
Hi. If you have not been claiming this income, the IRS and FTB could inquire and you may have penalties and addition to tax. Your employer will be penalized as well if the IRS and FTB find out.
The business is listed as a 2-member LLC. I do not want the other member to be negatively affected by my bankruptcy.
The issue that affects your business partner is whether the bankruptcy trustee will want your interest in the business. That depends on the value of the business versus any exemption that might apply. You need to file your taxes based on what you elected at the time of formation or prior to... Read more »
I am trustee of my deceased parents trust and estate, mom died in 2003 and dad in 2014. The assets of the trust are a supplemental investment plan my dad had that I now have and draw money from each year; the balance in the plan is now around $80,000 and I have been drawing $10,500 each year. I... Read more »
No.
Will I receive a stimulus check?
That’s not my understanding. Only individuals with limited income will be entitled to a stimulus check, not trusts.
Since i'm a non us citizen and that money wasn't earned in the US would any of us have to pay Tax?
Not taxed. It is required to be reported.
I assume that I would have to pay short-term capital gains taxes based on the immediate market value, then if I immediately sold it, would I then pay capital gains taxes again based on the original owner's cost basis? Thank you in advance for your insights.
If you received it for services rendered. The value of the Stock is ordinary income to you. And, the value is, therefore, your tax basis. If you sell it at a gain, the difference between your selling price and the value when you received it for services rendered is your capital gain; short term or... Read more »
Contract Request: if I understand your question, you need a Purchase Contract (?) for real estate (?) with two buyers, and then a subsequent assignment of that contract (?). We offer Fixed Fee for transactional work of this nature. It would be less than $1000.00. But I'd really need to get a full... Read more »
Today I got a letter from a collection agency saying I owed $8K and if they didnt hear back they would assume I acknowledged debt as valid. What should I do?
Hire a tax attorney.
States often send out amount due notices with no substantiation. However, it's your responsibility to respond and show they're wrong. Complete bunk, but that's the way it is. Otherwise you find yourself in a situation where they just start taking your stuff; i.e. bank... Read more »
My spouse was not working in 2019, so we needed a premium tax credit to pay for health care coverage. I also converted an IRA to a Roth IRA (apx value: $80k). I understood I would have to pay taxes on this amount, but I did not expect this type of income would be counted towards my ability to pay... Read more »
It's income.
Probably would have been a good idea to hire a professional to advise you before you made a big decision.
Nothing to be done at this point, you can't just put it back.
Call your representatives and tell them to change title 26 of the US code.
Next... Read more »
Hi, I'm in the process of remortgaging my house to put the loan in my name solely and to remove my boyfriend from the deed/title. The mortgage company is telling me that there is a transfer tax for the transfer of the deed, but I'm already on the existing deed; is it true that I also have to pay... Read more »
There is a realty transfer tax that will be assessed when you record the deed.
If they have been turned in via 3949a
It is impossible to say without additional information. This is also something that should not be discussed in an open forum. You need to stop looking for answers here and contact a tax attorney where attorney client privilege will apply.
Yes
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