Tennessee Tax Legal Questions

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5 legal questions have been posted about taxation by real users in Tennessee. 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.
Tennessee Tax Questions & Legal Answers
Do you have any Tennessee Tax questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 5 previously answered Tennessee Tax questions.

Recent Legal Answers

A 1099 misc claiming income but no money received.

Answered 3 years and a month ago by Leihernst Lamarre (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Tax
You can ask Capital One to issue a corrected 1099- MISC to show zero income or ask them to trace where they sent the reported funds. 
You can ask Capital One to issue a corrected 1099- MISC to show zero income or ask them to trace where they sent the reported funds. 

Would I need to pay taxes now?

Answered 12 years and 7 months ago by Thomas Corcoran Phipps (Unclaimed Profile)   |   4 Answers   |  Legal Topics: Tax
You would have to pay taxes if you haven't paid taxes on the income already. You could have an attorney or accountant handle it. If you want someone to talk to the IRS or stat tax department about your account, you will have to execute a power of attorney.
You would have to pay taxes if you haven't paid taxes on the income already. You could have an attorney or accountant handle it. If you want... Read More

Are children responsible for dad's debt?

Answered 12 years and 8 months ago by attorney Bernard H. Greenberg   |   2 Answers   |  Legal Topics: Tax
It may not be correct unless that amount is coming out of some money that would otherwise be paid to the children. The general rule is that children are not responsible for the debts of parents unless the children are also jointly on the obligation or guaranteed it. If they had signed tax returns or otherwise assumed liability the accountant information may be accurate. To determine for sure, consult with an independent CPA.... Read More
It may not be correct unless that amount is coming out of some money that would otherwise be paid to the children. The general rule is that children... Read More

What can I do if I owe $650,000 in back taxes?

Answered 15 years ago by Mr. Norman Delton McKellar (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Tax
In regards to your federal tax issues, you may want to look at submitting an application for what the IRS calls an Offer in Compromise (OIC). If you (or in this case, your corporation) qualify for an OIC, you would be able to settle your tax debt for less than what you owe. If you cannot pay your tax liability in full, then you may want to submit an OIC based on "doubt as to collectibility." To qualify for an OIC, you (and your company) must be up-to-date on filing your tax returns. My suggestion would be for you to contact a qualified tax attorney to sort through your best options and learn in greater detail about the Offer in Compromise process.... Read More
In regards to your federal tax issues, you may want to look at submitting an application for what the IRS calls an Offer in Compromise (OIC). If you... Read More

Does offer and comprimise really work?

Answered 15 years and a month ago by Mr. Norman Delton McKellar (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Tax
Yes, the Offer in Compromise program does really work for those who qualify for the program. One of the qualifications for acceptance of your Offer in Compromise is that you have filed all past due tax returns. If you have not filed all due past due tax returns, the IRS will not even consider your request to compromise your tax debt for less than you owe. Accordingly, it is in your best interest to file your past due tax return(s) and consult with an experienced tax attorney before submitting your Offer in Compromise application.... Read More
Yes, the Offer in Compromise program does really work for those who qualify for the program. One of the qualifications for acceptance of your Offer... Read More