Our base projected income for year 1 is between 270,000 and 400,000
Depends on how you want to structure your business. Depends on the type of business. There are pros and cons to each. If your projected income is that high for the first year, spend some money up front and hire an attorney to do the business and tax planning for you. That will save you money and... Read more »
Past employer refuses to talk to me. I have my last paycheck stub from the past employer. I spoke with the irs today and they still have not received it even tho they requested it. Past employer is in st. Louis, mo
If you have your final paystub and believe that the information is accurate on your paystub, you can use that to file your return. You will need to send a copy of the last paystub to the IRS along with a letter explaining why you are using this to file your return. The IRS will then investigate.... Read more »
I feel like they stole from us. It was never mentioned at closing, that it was less. And the only reason we found out , was we asked for the survey. This happened in October 2017 , and now it's March 2018. I want the acres that they took . We need those acres to help with the taxes. and because... Read more »
Consult with a local attorney. Your purchase and sale agreement will control the rights and obligations of the parties. You may need to file a lawsuit to correct a deed or pursue some other type of relief.
You should post the question in KY so that someone who is familiar with the state tax law there can answer.
This is not a tax question and you don't clearly specify your relationship to the deceased. However, if you are a relative of the deceased, you have a right to be notified of any probate proceedings. If a will is submitted for probate, it becomes a public record amd you can get a copy from the... Read more »
Never married to child's father. Lives with mother. Father's name on birth certificate. Child support being processed now. No court document or hearing for custody.
This is a tax question that only the IRS can answer. If there is no child support being paid currently ( you say it is "being processed"?) it seems to me that is would be hard for the father to claim the child as I think you have to be able to demonstrate to the IRS that you are providing 51% (... Read more »
He doesn't file taxes because he has non taxable income ( va benefit). I claim children every year, I have in the past given him the child credit part because he doesn't file. Is he entitled to it? The court papers just state alternate years
The parenting plan forms refer to the deduction for dependents ( not a tax credit). If the signed divorce papers say he gets to claim the deduction in alternate years, then that is what he gets: the dependency deduction (only).
If the papers do not mention a tax credit, then you will need... Read more »
I had read this was okay, but now am seeing otherwise and am afraid I may go to jail. I know I will have a tax bill to pay in April. I make around 75k a year, but only take home around $3400 (normally, $3800 after allowance change) and have a significant amount of debt (not that it matters to the... Read more »
You're not going to go to jail for an unpaid tax bill.
died before the lawsuit was settled, and lived in the state of California. I live in Tenn. I was named successor in interest over my brothers Lawsuit. He died on 11/27/2015 while Tn inheritence tax was in effect, The total amount I received was 28658.69. I plan on deducting 4500. for an expense he... Read more »
your lawyer should be able to answer that. The law of the state where the estate is governs. Also note generally the claims of injury cases are not subject to state or federal taxes, and hopefully your lawyer worked the wongful death/survival claims in a way that gives the best bounce. But you... Read more »
For federal income tax purposes - generally compensation for physical injury (noneconomic damages)to a person is not taxable. However, economic damage awards and punitive awards are subject to federal tax. www.wisconsinbankruptcy.mobi
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