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Recent Evasion questions

I set up a irrevocable living trust, funded it with tax free

i set up a irrevocable living trust, funded it with tax free munis, question do i have to pick up the interest from the trust, tax free interest, on my personal 1040 .... for AGI purposes for medicare payment amount.... or is this tax free interest just that tax free reflected on a 1041 sch B and thats it

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PDtax

Owner

Master's Degree

6,850 satisfied customers
Darren here. I have some $1300 stuck in a dependent care FSA

Hi Pearl, Darren here. I have some $1300 stuck in a dependent care FSA because I contributed not knowing the cut off age for dependent care expenses was age 13. My daughter is 14 now. Anything I can do to recover the funds?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: I think that's it.JA: OK got it. Last thing - Accountants generally expect a deposit of about $38 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,180 satisfied customers
In what country can the citizens have foreign bank accounts

in what country can the citizens have foreign bank accounts and not have to report it to their country or pay taxes on it, like it used to be with swiss bank accounts. Is there such a country anymore? If so, I want to become a citizen there. If there are several countries that have safe banks and do not require their citizens to report their foriegn bank accounts, (not income, just large bank accounts), or just one, could you give me the list. There is no infomation on it online.....what a surprise..

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Robin D.

Vocational, Technical or Trade School

20,916 satisfied customers
I have a tax bill in the amount of 100k after an audit for

Hi I have a tax bill in the amount of 100k after an audit for 2013. I filed chapter 7 in 2014, but this came back after filing was complete. What shall I do?

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Barbara

Enrolled Agent, Paralegal

4,986 satisfied customers
We missed the deadline S-Corp extension, and we haven't

We missed the deadline for our S-Corp extension, and we haven't filed our taxes for 2015 what are our options?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I didn't know the deadline for the extension was March 15thJA: Is there anything else important you think the Accountant should know?Customer: this is the first year filing taxes for our S-CorpJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,180 satisfied customers
I made a mistake in my personal taxes i put a schedule c in

i made a mistake in my personal taxes i put a schedule c in my declaration reporting car miles expenses, i received a letter audit from the IRS asking for information form schedule c 11652 , schedule c-4 and schedule c-5. i dont have way to proove those expenses so my only solution is to pay using a payment plan.if i ignore the letter what will they do: send me a bill with the value i owe?or is better to file an amendment?how and when i can request a payment plan?im very confuse, thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,180 satisfied customers
My question is about a tax law: We are still married on paper.

My question is about a tax law: We are still married on paper. The divorce agreement is under finalization in New Jersey state. We owe taxes for 2014. We got seperated in May 2014. We always filed the tax return electronically as married couple filing jointly. She never had to sign the returns Id did electronically . My wife always gave that task to me. Now she is saying she will file that I did a fraud as she did not sign the joint return so she won't pay her share for the year 2014 to the IRS. Will I be charged for fraud? What are the consequences for this? Can she file Form 8857 for this purpuse? What should I expect as an outcome?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,180 satisfied customers
Robin if I leave the U.S and put money in the name of a non

Robin if I leave the U.S and put money in the name of a non American national can the irs cease the funds. I would like to talk to you on the phone.

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Robin D.

Vocational, Technical or Trade School

20,916 satisfied customers
Shawn, Form 5471 was inadvertently omitted from tax return.

Hello Shawn, Form 5471 was inadvertently omitted from tax return. Is there any hope for $10,000 penalty to be abated when amended return is filed to comply with Form 5471 filing requirement?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,180 satisfied customers
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