My old company was recently purchased by a new company and
My old company was recently purchased by a new company and the new company is offering a severance payout based on years of service with my old company up to a maximum of 52 weeks. I qualify for 52 weeks.My question is - will I be required to share part of this severance with an ex-spouse based on the number of years we were married while I worked for the old company (this portion being considered marital property)?Regardless of the answer to the above question, I will have to pay taxes on the entire severance payment.If I am required to pay part of the severance as some kind of ‘marital property', will I be able to deduct the portion I pay my ex-spouse from my income taxes?For the record, my divorce degree provides no guidance on these questions.
Married filing jointly, taxable income 190,000. My wife is
Married filing jointly , taxable income 190,000. My wife is taking a severance package which includes $200,000 cash incentive. We can take a lump sum this year and the rest next year.If my employer uses the flat tax rate of 25% , does this effect the rest of our income in terms of a higher tax tier? We will take $80k this year.
Tax question: Divorced in 2015. Tax refunds were not
Tax question:Divorced in 2015.Tax refunds were not discussed in divorce judgment.Husband received some taxable tax refunds from prior years. Can he give some of them to ex-spouse AND make them taxable to her and deductible to him, or is he limited to alimony in what can be taxed and deducted?
Tax advisor and Enrolled Agent
I had a company that I dissolve a couple of years ago. It
I had a company that I dissolve a couple of years ago. It was a c corp. I have a state tax debt in the amount of $970,000.00.I don't even have $970 dollars. There were no assets left when the company was dissolved. What would you suggest that I do at this point?
Does a17 acre fenced horses and barns, is it a farm? Does
Does a17 acre fenced horses and barns, is it a farm?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Does the above mmeet the define a farm for the irs?JA: Is there anything else important you think the Accountant should know?Customer: gardens on property
JD, MBA, CFP, CRPS
Should I rent an apartment or own a condo if I need to move
Should I rent an apartment or own a condo if I need to move within the next few months? I've been living in a 1 bedroom apartment where I pay $825/month on a month-to-month lease for 2 years. I'm trying to decide whether I should move into a 2 bedroom apartment for $900/month. There are 2 bedroom condos available to own for under 100k/month. I have 5k saved for a down payment. How much would I need to save to get a low interest mortgage and move in the next few months without paying for PMI?
I am an employee of a US based company (a US subsidiary)
Hi,I am an employee of a US based company (a US subsidiary) that has a parent company overseas (the parent company owes 100% of the US subsidiary). Part of my current agreement with the US based company is that I am entitled to a stock options plan.I recall from my last employment (with a different company) that I had to pay taxes on the stock option since it was given to me as part of an employer-employee relationship (it was ordinary income on the date the stock options were granted). However, this time my US employer told me that the stock options will be issued by the overseas parent company (I am not sure why).How will this change my situation? Will it be reported on my US W2 even if it wasn't issued by my employer?Could you please advise.Thanks!
I just received a letter from the IRS stating your federal
I just received a letter from the IRS stating your federal income tax return for 2014 was selected for a compliance research examination they are examining 5 items from sch A and sch D 2 items and sch E1 schA lines 5...6..71040 interest taxable and 1040 line 21 gambling winnings i'm 60 years old and NEVER had anything like this.. the accountant will be going with me i have a meeting with him on weds...question is why are they doing this...what should i say or not say... how do i go through with this audit without headaches...all my taxes were paid without question..the 116,117 in gambling wins the lottery takes out 33% right out of the checks they issye you,,so they more then received every penny then some...i doubt i would need a lawyer present as a spokesman i need your advice on this issue it has my blood pressure soaringregardsmark