Archive for the ‘FREQUENTLY ASKED QUESTIONS’ Category

Would my income tax return be considered a windfall in Chapter 7?

Tuesday, March 9th, 2010
texas tax attorney
Brooke S asked:

Hello,

I had my 341 (Meeting of the Creditors) on November 24. My case has not been discharged yet. If I go ahead and file my taxes, and I am due a refund – do I have to let the Trustee know? Can I keep the refund? Should I wait?? So confused and my attorney stinks!

Thanks
(and I live in Texas)

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should these be the state slogans?

Tuesday, March 9th, 2010
south dakota tax attorney
jet_tyrus asked:


Alabama:
At Least We’re not Mississippi

Alaska:
11,623 Eskimos Can’t be Wrong!

Arizona:
But It’s a Dry Heat

Arkansas:
Litterasy Ain’t Everthing

California:
As Seen on TV

Colorado:
If You Don’t Ski, Don’t Bother

Connecticut:
Like Massachusetts, Only Dirtier and With Less Character

Delaware:
We Really Do Like the Chemicals in our Water

Florida:
Ask Us About Our Grandkids

Georgia:
Without Atlanta we’re Alabama

Hawaii:
Haka Tiki Mou Sha’ami Leeki Toru
(Death to Mainland Scum, But Leave Your Money)

Idaho:
More Than Just Potatoes…
Well Okay, We’re Not, But The Potatoes Sure Are Real Good

Illinois:
Please Don’t Pronounce the “S”

Indiana:
2 Billion Years Tidal Wave Free

Iowa:
We Do Amazing Things With Corn

Kansas:
First Of The Rectangle States

Kentucky:
Five Million People; Seven Last Names

Louisiana:
We’re Not All Drunk Cajun Wackos,
But That’s Our Tourism Campaign

Maine:
We’re Really Cold,
But We Have Cheap Lobster

Maryland:
A Thinking Man’s Delaware

Massachusetts:
Our Taxes Are Lower Than Sweden’s

Michigan:
First Line of Defense From the Canadians

Minnesota:
10,000 Lakes and 10,000,000,000,000,000,000,000 Mosquitoes

Mississippi:
Come Feel Better About Your Own State

Missouri:
Your Federal Flood Relief Tax Dollars at Work

Montana:
Land of the Big Sky, the Unabomber, Right-Wing Crazies, and Very Little Else

Nebraska:
Ask About Our State Motto Contest

Nevada:
Whores and Poker!

New Hampshire:
Go Away and Leave Us Alone

New Jersey:
You Want a ##$%##! Motto?
I Got Yer ##$%##! Motto Right Here!

New Mexico:
Lizards Make Excellent Pets

New York:
You Have the Right to Remain Silent, You Have the Right to an Attorney…

North Carolina:
Tobacco is a Vegetable

North Dakota:
We Really are One of the 50 States!

Ohio:
We Wish We Were In Michigan

Oklahoma:
Like the Play, only No Singing

Oregon:
Spotted Owl… It’s What’s For Dinner

Pennsylvania:
Cook With Coal

Rhode Island:
We’re Not REALLY An Island

South Carolina:
We Have Never Actually Surrendered to the North

South Dakota:
Closer Than North Dakota

Tennessee:
The Educashun State

Texas:
A Whole ‘Nother Country!

Utah:
Our Jesus Is Better Than Your Jesus

Vermont:
Yep

Virginia:
Who Says Government Stiffs and Slackjaw Yokels Don’t Mix?

Washington:
Help! We’re Overrun By Nerds and Slackers!

Washington, D.C.:
Wanna Be Mayor?

West Virginia:
One Big Happy Family — Really!

Wisconsin:
Come Cut Our Cheese

Wyoming:
Wynot?

Can I sue the Texas state attorney generals office for negligence in a child support case?

Monday, March 8th, 2010
texas tax attorney
M W asked:

Well I filed tax return two weeks ago and I got a notice from IRS today claiming that all the money will go directly to pay off my “debt” listed by Texas state attorney generals office.However,the fact is that I pay my child support on time and never be late. I called them several times and the guy who answered the call said that there is a gap in the system and he has no idea when and how I can get my money back.
I dont want my tax return go to my ex’s pocket,they take my money away without my permission.
So my question is Can I sue the Texas state attorney generals office or IRS for negligence?
If not,then what shall I do,keep calling them?This is really no sense!

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Is it absolutely necessary to get a Bachelor’s in Accounting to become a successful tax attorney?

Saturday, March 6th, 2010
how to become a tax attorney
Petey asked:

I am soon graduating with a degree in Economics and taking an upcoming LSAT. I am interested in a career in tax law so I was wondering if this bachelor’s degree is at all necessary.

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Can someone recommend a good tax attorney in the Bay Area of California?

Saturday, March 6th, 2010
KhrisB asked:

The IRS says my friend owes a large chunk of money from 1991 (including interest and penalties). He isn’t so sure. Thanks in advance for your help everyone!

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What LIE about the current healthcare plans being debated in congress are the most despicable?

Thursday, March 4th, 2010
affordable tax attorney
Ophelia asked:

1. “If you like it you can keep it”
FACTCHECK!
To be fair, Pelosi’s bill does not literally outlaw your current insurance company, nor does it outlaw your employer from continuing to offer the current options. But that’s about where it ends. The current bills are so disruptive to the current healthcare cost structure that it is absolutely irresponsible for the President to be claiming “if you like it you can keep it” since in all likelihood the decision will not be yours to make. Moreover, everyone who has looked closely at the design of Pelosi’s bill is lying if they don’t admit it is designed to run the private insurers out of business leaving us bankrupt with a gov’t-run single-payer system. By the way, the latest is that Obama & Pelosi are trying to use the word “co-operative” in place of “public option” though it is still just a single-payer trojan horse since the tax-payer is on the hook for the cost, especially once the private insurers shut down and bow to their rule-making counterpart.
Don’t believe me? Check out these two links and you decide:
http://www.youtube.com/watch?v=hfw16zfwSe4
http://www.youtube.com/watch?v=fpAyan1fXCE

2.Obama and Pelosi will make healthcare more affordable by reducing its cost.
FACTCHECK!
According to the Bipartisan CBO (which usually slightly underestimates costs) is telling everyone their bill increases the cost of healthcare from the status quo (i.e. doing nothing):
http://www.youtube.com/watch?v=4iYL4BRzIh8
http://www.msnbc.msn.com/id/31949211/ns/politics-cq_politics/

3. The protestors at town halls are un-American and do not represent a bonafide grass roots movement as they have been sent by the insurance companies.
FACTCHECK!
Not true, but you should judge for yourself:
http://www.northjersey.com/multimedia/video/52913557.html

(By the way, here is info on Obama’s staged event in NH:
The cute little girl who asked Obama how do kids know what is true and why do people want a new health care system? Her name is Julia Hall and she’s 11 years old. Her mother is an attorney, Kathleen Manning Hall. On Kathleen Hall’s Facebook page there’s a picture of her with Barack Obama. She has contributed thousands of dollars to Obama, and her law firm has contributed thousands more. Now you tell me what the chances are that she was randomly called on at the ObamaEvent. Isn’t this what Nancy Pelosi call “Astro-Turf”?)

4. Tort Reform only represents 1% of total healthcare costs.
FACTCHECK!
This tort reform estimate grossly underestimates only a small subset of direct payouts to victims and does not even include the bulk of money involved in frivolous lawsuits that do not even make it to court. As of 2003 this amount was actually about $25 billion annually and has grown since. Moreover it does not include the insurance doctors must pay and the shortage of doctors that result due to liability of specific types of doctors. No one wants to remove penalties for doctors who screw up, but rewarding lawyers with million dollar awards cannot be helping to make healthcare more affordable. Moreover, while Democrats and their journalist supporters try to paint insurance providers and drug manufacturers as being “special interests” working to defeat reform, they constantly overlook the role that trial lawyers are playing to try and impose Pelosi’s specific legislation which will open the flood gates as many more patients are unleashed on an understaffed healthcare system with no tort reform or award limits whatsoever and tax-payers funding an endless supply of money.
http://www.triallawyersinc.com/healthcare/hc05.html

5. There is no “Death Panel” in Obama’s vision for healthcare.
FACTCHECK!
Perhaps Obama and Pelosi don’t use this specific term, but read Barack Obama’s ideas in this NY Times interview where he talks about “80% of the cost of healthcare” and decide for yourself what he wants a panel of “doctors, scientists, ethicists” to decide. And also keep in mind Ezekiel Emanuel’s ideas about changing the doctor’s oath and Obama’s Science Czar John Holdren’s book from the 1970s advocating sterilization of the water supply and forced abortions to limit population demand on resources.
http://www.nytimes.com/2009/05/03/magazine/03Obama-t.html?_r=2&partner=rss&emc=rss&pagewanted=all

6. I can rely on FACTCHECK sites to sort out what is fact or fiction in the healthcare debate.
FACTCHECK!
No. Do your own research. Partisan interests manipulate these pieces to “lobby” for their cause by ineptly stating a critics argument. They disguise as “facts” what are really conclusions. Here is one conservative site that explains how it works:
http://newsbusters.org/blogs/matthew-sheffield/2008/10/07/checking-fact-checkers
7. We have the most expensive healthcare and yet we rank 38th.

We do cost more, but that has more to do with the cost of living than anything else. We also have the most expensive hairdressers, plumbers, etc. As for being 38th, this is based on statistical anomaly caused by our nation’s amazing ability at bringing difficult pregnancies to term. The increased liklihood of becoming a living human being, but then become a higher risk to die young(do to a birth defect) leads to lower life expectancy for the overall US population.

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How to report out of court settlement on 1040?

Sunday, February 28th, 2010
tax attorney irs settlement
Ali K asked:

1. I recieved an out of court settlement for lost wages of $25000. My lawyer kept $5000 and the corporation said they would report $25000 to IRS with my Social Security # that I gave them. How much should I report in my tax form, 25K or 20K, since the corp will report giving me 25K but my attorney kept 5K and I only got 20K. IRS doesnt know my attorney kept 5K.

2. Also, where should I show this on the 1040 form?

3. If I itemize on Sch A then the amount of attorney fee is only $5000, but my deduction is $10700 which I then cannot take. Should I fill Sch A? If I do that, I will lose money.

4. Also, can I just put the attorney fee on line 36 of 1040 as UDC, since this was a discrimination case but never went to court. Does IRS need proof of a discrimination case?
The discrimination lawsuit was never filed in court, lawsuit was just prepared and the employer settled it before going to court or us ever filing. What proof do I have that it was a discrimination lawsuit if IRS should ask?

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my ex-husband is trying to take away claiming our daughter on my taxes.can the judge give him the right to do?

Saturday, February 27th, 2010
tax attorney indiana
Sherri O asked:

i live in indiana and my attorney told me the judge can make me sign a paper letting my ex-husband claim my daughter on his taxes.I want to know can this judge make me give him permisssion to claim her on his taxes?she lives with me all year.

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would like to find out how to seek relief from IRS Offset Program that the Texas Attorney General filed?

Friday, February 26th, 2010
texas tax attorney
seahawk asked:


Texas Attorney General submitted my name to the IRS Offset Program after I sougt relief through a motion to modify child support amount. Want to now how to be removed off of this because my tax return checks get taken even though I have money garnished from my pay each month

French inheritance tax?

Friday, February 26th, 2010
Robert V asked:

Hypothetical question …

A man in France (French citizen), who owns real property (house and farm), dies. One of his three descendants lives in the US (US citizen), the other two remain in France.

Can the descendant in the US in some way transfer his share of the inheritance (and his share of the tax liability) … to the siblings? … to any other relatives?

The descendant in the US has no desire to return to France and become a farmer.

I have read through some tax law in an attempt to gain an answer, but I think you need to be a French tax attorney to answer my hypothetical question.

Thanks.

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