340 legal questions have been posted about taxation by real users. 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.
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Yes, there are taxes on a 403(b) withdrawal. The amount of taxes depends on your other income and the type of 403(b).
Talk to the attorney who filed the suit, offer to settle the lawsuit for just the taxes without interest and penalties.
A band which hasn't become an LLC is considered a partnership. It will need to file tax returns if it has any revenue.
We did 660 tax appeals last year. We know tax appeals. The answers to your questions require more information. Please call to discuss. Ed Dimon... Read More
You would owe what they didn't "take out,"
No letter of intent is required. You do need to write "section 1256 treatment" on your tax return.
You cannot "change" a tax lien. You need to contact the taxing authority (either the IRS or (if you live in Missouri) the Department of Revenue. Tax... Read More
Yes, if you and the lender agree on a plan. But it doesn't appear that you have any assets that aren't exempt from garnishment.
Some states and cities require all businesses to get a license, it's a tax on doing business and when you pay the tax, issuing the license is... Read More
Adverse possession requires time, in some states up to 21 years.
No, you're not liable.
Pretty much anything you paid in 2010 is too old to be deducted on your current return.
Are you the only source of income for the business or does it have income generating assets and/or employees? If your the only source of income, then... Read More
As long as this is the address where you register to vote, have your driver's licenses and other indications of residency, it will be your residence... Read More
Definitely file the returns. The statute of limitations does not start to run until you file. The personal exemption amount was about $9,000 for... Read More
File the returns.
The best solution is to see a tax attorney or an accountant, examine all of the details and realize that there is no statute of limitations or length... Read More
My first question is whether the IRS and/or the state tax department is making collection efforts. If they aren't, my advice would to be "let... Read More
This is an area that has been heavily explored for the last five years. In general, the answer is yes you do have to pay income tax on the relief of... Read More