where is the law that requires us to pay fed income tax? where does our personal fed income tax go?
Tuesday, August 10th, 2010Priscilla asked: Yeah I got two questions more if you don’t mind
where does the national debt come from?
when the fed reserve lowers the interest rates why does the stock market ralley but dollar deflaits?
Thanks for helping me I really appreciate it.Darline Lavanchy
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Is accrued interest includible in a nonbusiness bad debt deduction (US Federal taxes)?
Wednesday, April 21st, 2010Erik asked: I made a personal loan which is non-collectible. The promissory note has a stated rate of interest.
For purposes of US Federal taxes, does the bad debt deduction include the non-paid accrued interest, or only the principal?
Thanks.Anthony
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My bus. partner had his tax return seized for his student loan. Can the IRS seize our joint business bank acct
Sunday, February 21st, 2010M asked: He didn’t pay his student loans and now the the government has seized his tax return. We are both managing members of a Florida LLC and have a joint business bank account. Can they try to levy the LLC’s bank account as well for his personal debt?
The bank account is titled in the [...]
Can the IRS attach a business account for a personal debt?
Wednesday, December 2nd, 2009bud_frazier asked: I have a sole proprietor business. I owe the IRS money personally. There is a separate taxpayer ID for the business. Can they attach the business account for the personal debt?Bruno Kinyon
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If you have a federal tax lien can debt collectors collect personal property?
Sunday, July 19th, 2009COURT727 asked: Someone I know has had a Federal Tax lien for some years now. He is currently trying to get the situation taken care of, at the same time he has a couple judgements on that needs to be repayed. The debt collectors recently sent the Sherrifs to his house and served papers stating [...]
What percentage of the personal income taxes collected in the US ?
Thursday, July 16th, 2009Duh asked: What percentage of the personal income taxes collected in the US does nothing but pay the INTEREST on the national debt?? I’ve heard that 100% of the individual taxes we pay is used for nothing more than paying the interest in the national debt!! Is that true?? If that is [...]
1099 question regarding debt forgiven: I have a client who owned his house for 4 years, rented it 6 months?
Saturday, June 13th, 2009Neither Republican nor Democrat asked: ago, needs to do a short sale on it - or it may become a foreclosure. What time period is it that the IRS will say it’s his personal residence for that debt forgiven legislation that just passed that says the IRS will not 1099 him if it was [...]
what information is need for a Tax debt relief company to work on past tax debt with the IRS?
Thursday, May 28th, 2009scammed:-( asked: What personal information would I need to give to a company in order for them to contact the IRS about my tax debt?Manual Mosier
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my husband is self employed, files as personal not business. he has huge past debt, should I file separately?
Friday, May 1st, 2009Sweetie asked: with the past tax debt also in my name, we are paying monthly to settle that. for the future should I file separately to keep myself apart from his business. I work part-time and have my taxes deducted but will this hurt me b/c I will have no deductions.Hanna Fenske
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If someone owes me $10,000.00 and refuses to pay me back with a signed agreement, can I deduct it as bad debt?
Monday, April 13th, 2009Renne asked: If I have signed documentation on a personal loan can I deduct it as bad debt? Also, if the amount is $10,000.00 can I deduct it over a period of three years, considering the maximum amount allowed is $3,000.00?Delmar Bartolet
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