You are here:
I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size. I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All others will be referred to the question pool.
Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
New York Times, Wall Street Journal, You Money Magazine
BBA, Baylor University.
My website http://www.IRSOS.com won the Knowledgeweb award for educational excellence for content.
| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Cesar | 08/11/09 | 10 | 10 | 10 | 10 | Super quick and excellent answer. Thank you! |
| James | 07/07/09 | 10 | 10 | 10 | 10 | |
| shari | 01/25/09 | 10 | 10 | 10 | 10 | Thanks Mike. |
| Jodi | 06/25/08 | 10 | 10 | 10 | 10 | Thanks so much!!! I 'll be sure ..... |
| Terry | 01/24/08 | 10 | 10 | 10 | 10 | Not the answer that i wanted, but ..... |
Here is the problem. If you have a refund for one year and a balance due for another, theoretically they should be netted and you sent the difference. In your case, they essentially issued a refund for
You must report it. You use Schedule C, which is filed with your 1040. You should also ask them to give you a 1099 since they are required to send you one, but it is not required for you to file. For information
If he owes no tax, he will owe no penalties. If he does, he will have a failure to file penalty of 5% per month up to a max of 25%. He will have a failure to pay penalty of 1/2 per month up to a max of
Your earnings will not affect her social security benefits. Her SS should be reported and portion of her earnings could be taxable. Without knowing what your earnings are, I can't be specific. If she files
In order to deduct mortgage interest, the following conditions must be met: (1) You must own (or co-own) the property, (2) You must actually make the payments, and (3) You must be obligated on the
Answers by Expert:

©2009 About.com, a part of The New York Times Company. All rights reserved.