63 legal questions have been posted about taxation by real users in Colorado. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include estate and gift taxation, income tax, and tax audits. All topics and other states can be accessed in the dropdowns below.
Colorado Tax Questions & Legal Answers - Page 3
Do you have any Colorado Tax questions page 3 and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 63 previously answered Colorado Tax questions.
Answered 13 years and 2 months ago by Charles Richard Perry (Unclaimed Profile) |
7 Answers
| Legal Topics: Tax
Nothing prohibits you from making an offer to change the terms of your agreement with the IRS. By the same token, nothing requires the IRS to accept your offer.
Nothing prohibits you from making an offer to change the terms of your agreement with the IRS. By the same token, nothing requires the IRS to... Read More
Answered 13 years and 2 months ago by A. Antonio Tomas (Unclaimed Profile) |
5 Answers
| Legal Topics: Tax
They are required to send you a notice of intent to levy prior to issuing a levy on your bank account. They probably did send it, but you disregarded it (that is what most people do). I suggest you contact a tax attorney pronto.
They are required to send you a notice of intent to levy prior to issuing a levy on your bank account. They probably did send it, but you... Read More
Answered 13 years and 2 months ago by Derek N. Hatch (Unclaimed Profile) |
5 Answers
| Legal Topics: Tax
The IRS is required to send out a Letter 1058, Final Notice of Intent to Levy, and allow you an opportunity for a hearing before they can levy your property (i.e., bank account, wages, etc.). It is sent by certified mail to your last known address. Notwithstanding this, IRS will agree to release all or part of the monies levied in your bank account under limited circumstances. It's best to contact a professional and request IRS to release the levied funds.... Read More
The IRS is required to send out a Letter 1058, Final Notice of Intent to Levy, and allow you an opportunity for a hearing before they can levy your... Read More
Answered 13 years and 3 months ago by Neil A. Sussman (Unclaimed Profile) |
3 Answers
| Legal Topics: Tax
Try asking the accountant to return your information to you. Ask politely. And if you owe the person money for prior work, expect to pay it before you get your information back.
Try asking the accountant to return your information to you. Ask politely. And if you owe the person money for prior work, expect to pay it before... Read More
Answered 13 years and 4 months ago by Neil A. Sussman (Unclaimed Profile) |
3 Answers
| Legal Topics: Tax
If you do a short sale in 2012, it is possible that some or all of the debt forgiven will not be taxable. The rules may change for 2013. I can not give a more specific answer without knowing more specific facts about your situation. I am not familiar with bankruptcy law, so I can not tell you what happens if you claim bankruptcy and let the house go into foreclosure.... Read More
If you do a short sale in 2012, it is possible that some or all of the debt forgiven will not be taxable. The rules may change for 2013. I can not... Read More
Answered 13 years and 5 months ago by Neil A. Sussman (Unclaimed Profile) |
2 Answers
| Legal Topics: Tax
In place of a social security number, your wife can apply for a different type of tax identification number. This different number is called an Individual Taxpayer Identification Number or ITIN. You would use Form W-7, which you can download from the IRS web site, to apply for this number. Once your wife has gotten her ITIN, it can be listed on the tax return in place of a social security number. Then, you and your wife can file a joint return. Since you are a legal permanent resident of the US, you can file a joint return with a spouse who is? a non-resident alien, as long as she has gotten her ITIN.... Read More
In place of a social security number, your wife can apply for a different type of tax identification number. This different number is called an... Read More
Answered 13 years and 6 months ago by Paul Arnold Nidich (Unclaimed Profile) |
2 Answers
| Legal Topics: Tax
I'm sorry, but I need more information. How did you get this property? How long have you failed to pay your property taxes? Has a lawsuit been filed? Has there been a judgment of foreclosure? Etc.
I'm sorry, but I need more information. How did you get this property? How long have you failed to pay your property taxes? Has a lawsuit been... Read More
Answered 13 years and 7 months ago by Charles Richard Perry (Unclaimed Profile) |
2 Answers
| Legal Topics: Tax
In general, the governmental entity to whom the taxes are owed have a lien against the house.
That tax lien may or may not be paid off during the foreclosure process.
If the taxes are not paid through a foreclosure sale, then it may be possible for the government to pursue your mother's estate, and trace the assets to your siblings.
Your sibling's liability, however, would be limited to the amount of their inheritance.
It is quite likely, however, that the taxes will be paid off during any sale of the foreclosed property.... Read More
In general, the governmental entity to whom the taxes are owed have a lien against the house.
That tax lien may or may not be paid off during... Read More
Answered 13 years and 7 months ago by Richard Allen Block (Unclaimed Profile) |
2 Answers
| Legal Topics: Tax
This question cannot be answered without more information. Is "legality" a question of state law or federal tax law? Should lawyers be concerned with the ethics of their clients' business activities? Etc.
This question cannot be answered without more information. Is "legality" a question of state law or federal tax law? Should lawyers be concerned... Read More