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2008-05-13 Tax Law (Questions About Taxes) - employee vs sub-contractor: Les, Thanks for your question. That is probably not the best way to handle it, but I think it would probably fly. From what you say I have no doubt the the other chiropractor is not an employee...
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2008-05-13 Tax Law (Questions About Taxes) - IRA penalities: If you mom passed away and left you some money, then the money you take out will be subject to tax. The code of 4 is issued by the trustee on form 1099R where the distribution is as a result of death...
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2008-05-13 Tax Law (Questions About Taxes) - fed tax, soc sec, pension, back taxes: If all the time your mother-in-law filed married filing separately, then I feel that the IRS has nothing they can go after and will have to write off any unpaid taxes. It sounds like he will not owe any...
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2008-05-12 Tax Law (Questions About Taxes) - Gaming Tax: I just went through this with another client of mine. According to IRS, You may deduct gambling losses only if you itemize deductions. Claim your gambling losses as a miscellaneous deduction on...
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2008-05-12 Tax Law (Questions About Taxes) - 1099misc. income: Bob, you do need more help then this board can give you. While the money MAY not be taxable (it depends on the exact breakdown of the money you received), the art of your problem is the reporting mechanism...
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