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I am working with a woman who was divorced last year. In

I am working with a woman who was divorced last year. In 2012 and 2013, she was married and her spouse filed their taxes. Those years were audited and it was determined they owed quite a bit more tax. They separated, and The IRS took her refund for 2015 to pay back a portion. The divorce decree says the ex husband is liable for all taxes owed for 2012 and 2013.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Do we file an injured spouse form or an innocent spouse form? She did not know about the deception on the taxes. The IRS took over $6,000 from her in 2015, and she hasn't filed 2014 yet. We filed 2016 on time. They were separated for 2014 and 2015.

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Lane

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Need to aska question regarding errors in the unemployment

need to aska question regarding errors in the unemployment sectorJA: What state are you in? It matters because laws vary by location.Customer: californiaJA: Has anything been filed or reported?Customer: we had an employee for a year.his w4 had " exempt" with 12 deductions when my bookkeeper assistant enter him in the system with ADP he exempt him all around. He was let go in April and I he just told me that he doid not get a W2 this week, as I was looking in the system is how I found out he was entered in such way. Now I have contacted ADP they are fixing and I am paying all the mandatory taxes and fees due so he can collect his unemployment. IO know he will not pay me back his portion which was never deducted, am I liable for anything else after correcting the error, he never looked or said anything about his check not having deductions, I never knew as my taxes for all employees are paid through ADP. I guess my question would be after fixing all of this can he sue my company?JA: Anything else you want the lawyer to know before I connect you?Customer: that's all I think

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Lane

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I need advice about tax preparation, Minnesota, Not yet,

I need advice about tax preparationJA: What state are you in? It matters because laws vary by location.Customer: MinnesotaJA: Has anything been filed or reported?Customer: Not yetJA: Anything else you want the lawyer to know before I connect you?Customer: I'll explain to the lawyer

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Lane

JD, MBA, CFP, CRPS

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Quick Scenario: Decendent: Widowed, The entities below have

Quick Scenario:Decendent: Widowed, The entities below have been in place for five or more years. All properties have been owned for over 20 years.Total Value of the estate $8,321,837.65% owner of LLC with Rental Properties valued at $3,287,980.0064% owner of LLC with Rental Properties valued at $1,213,15099% owner of FLP with Rental Properties valued at $774,202100% owner of Rental valued at $3,046,505(All are income producing)Annuity paid to beneficiaries valued at $166,136I have allocated the percentage owned at death 65%, 64%, 99% and 100% to the total value, respectively.A few questions:1. Can I utilize this "Special Use Valuation" in this scenario? If so, how do I come up with a percentage? Is it an educated guess?2. Do I need to attach all the K-1's for the LLC, FLP to the return to show percentages owned?3. No gifts over the limits were given.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Are interest in the FLP and LLC transferred to family member considered gifts?

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Lane

JD, MBA, CFP, CRPS

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I'm working and living in Alaska for 1.5 years on contract.

I'm working and living in Alaska for 1.5 years on contract. However, I am a resident of California. How does in income tax law work for working in another state for a year or longer?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Do I owe California income tax when working outside of the state for more than a year?JA: Is there anything else the Accountant should be aware of?Customer: NO

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Mark Taylor

Certified Public Accountant

Masters

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This question is for a tax pro iwth OIC experience. I have a

This question is for a tax pro iwth OIC experience. I have a client who has a tax liability of $82000. Client is eligible for CNC or OIC. If client gets CNC, there is an autormatic tax lien will be issued. Client has never had a tax lien and is concerned about effect on credit. If an OIC is approved, is a tax lien likely??? I was unable to get any answer except if iis up to whatever OIC people decide (not very helpful when advising client). If my client submtis an OIC and it is apprved, and cllient keeps to agreement , is a tax lien likely. I am really looking for a real world experiential answer if you have it. Any explanatory details would be fine. (If a debt of this size always gets a lien as part of OIC process, that would be incie to know.) I already know that if OIC is approved and it goes to CNC, tax lien will be issued.

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Lane

JD, MBA, CFP, CRPS

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We purchased a house in 2013 and are selling it now (2017).

We purchased a house in 2013 and are selling it now (2017). As a result of a home inspection, we discovered the need for foundation repairs. The house passed inspection in 2013. Can I claim the foundation repairs as a capital expense, since without them, I can not effectively list my house for sell at market value? (i.e without the repairs, my house is worth less than loan value)JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: The house is in GA.

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Lane

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How much should an average tax lawyer in Texas charge for

How much should an average tax lawyer in Texas charge for filing streamline domestic offshore disclosure for 3-4 accounts?

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John Mitchell

Master of Science in Taxation (MST)

2 satisfied customers
How do I set up an tuition reimbursement program through my

How do I set up an tuition reimbursement program through my c corp? and what effects do I need to be aware of with only the CEO receiving the benefit. As of right now, the CEO is the only employee/officer.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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