Archive for January, 2010

My father had back taxes and files for bankruptcy in early 2006 now the federal government is comming after the back taxes. Does the bankruptcy take care of those taxes or is he still liable for them? (Lives in Kansas if this matters)

I’m 17 and I just got a job with McDonald’s, and I’ve heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks

A single man dies while he is in debt to the irs, but he has a quit claims deed deeding his house to his daughter. Can the irs take the home before the daughter gets her inheritence? Will the daughter owe her fathers irs debt?

My wife and I are buying a new house in MD where the state and county transfer taxes will be about $8000. We are going to close in December this year, but will probably take a standard deduction. Can we deduct the property transfer tax even though we are going to take the standard deduction this year? Are transfer taxes deductions or credits?

I was a former employee of a construction company and always told the boss that we did not have the funds for taxes and that he needed to put money in the bank. I was an acting office manager but never signed any documents stating I was in charge. I told the accountant that I could not pay the amount and I told the bookkeeper as well. I now have a letter from the IRS asking me to meet with them! I am terrified!

I filed my taxes in Mid-January. Last week conress announced that every tax paying adult will recieve $600 and $300 per child, in an attempt to avoid a recession. Since my taxes were already filed, am I not entitled to this extra tax break?

Everyone in the family received US tax return forms for 2006 and 2007 except my daughter who is now age 19. All of us live at the same addess in a foreign country.
I suspect identity theft. How can I ensure that that the IRS has her correct address and that 2008 tax forms will be sent to her and not to someone else who may be using her name and SS number?

Joe Mastriano, CPA offers free advice on dealing with the IRS collection division. He has over 25 years representing thousands of taxpayers. For additional free information about preparing yourself for calling the IRS, visit our site at => http://www.taxproblem.org

William McConnaughy, CPA is a tax negotiation professional. He has experience working with people seeking tax relief and credit repair. For more information visit his tax relief website.

I am planning on opening a small business with in the next year. I am trying to find out how my taxes will change. Is it true that i will have to pay in taxes every three months? How is this calculated? What taxes will i pay (federal, state, S.S, medicare)? what percentage of my imcome will i have to pay each quarter? I have three children, will i still be able to claim EIC? Any and all info would be a huge help. Thank you