How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask MequonCPA Your Own Question
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
Type Your Tax Question Here...
MequonCPA is online now
A new question is answered every 9 seconds

on feb 07 wife(now ex)filed thru h&r block.Did program with

Resolved Question:

on feb 07 wife(now ex)filed thru h&r block.Did program with HSBC.All of refund was to go into my checking account.Wife went behind my back had all of $6400 put into her account.Filed small claims against HSBC and settled out of court for $7500.$6400 for refund,$600 for legal fees,$500 for bounced check fees and credit card late payment fees.HSBC is filing a form1099 on this.Do I have to pay any taxes on any of this?
Submitted: 8 years ago.
Category: Tax
Expert:  MequonCPA replied 8 years ago.



Whatever amount is shown on the 1099 will be taxable income. The actual refund was remitted to your spouse. You can deduct the actual legal fees you paid in 2008 as miscellaneous itemized deductions on Schedule A. The other fees incurred were personal expenses and are not deductible.

MequonCPA and other Tax Specialists are ready to help you
Customer: replied 8 years ago.

But I never recieved my refund.My ex got it thru deceptive differant than some one else getting it wrongly.As stated in the contract with HSBC the refund can go only into MY account,not some out of state one so legally I never recieved it.The law suit was to get my refund which was never deposited into MY account.If any one should have to pay taxes on it,it would be my ex.I still dont understand why I should have to pay taxes on a refund I never recieved.