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Posts Tagged ‘attorney’

Question: POWER OF ATTORNEY ADVICE NEEDED?

Is there any way of revoking a power of attorney form held with an agent in Bulgaria – I was under the impression that the original POA form that I signed with the agency was to allow them to pay bills taxes etc – however it turns out they now have POA over my Bulgaian company which includes my entire property portfolio – allowing them to rent and possibly resell my properties – I’m aware that the original and any copies would need to be obtained – is there a ways of drawing up a legal document for the agency to sign which will revoke the original agreement and make any susequent copies of the POA they may have made void ? any advice appreciated
2 seconds ago – 4 days left to answer.

Answer: The odds of you find an expert on Bulgarian law here in the real estate section is slim to none.

You should consult with a Bulgarian attorney.

Business news

LAW The Leadership Council Southwestern Illinois has added Belleville-based Mathis, Marifian, Richter and Grandy to its list of members. Representatives from the firm will join other leaders in the business, industry, labor, education and government sectors that work together to encourage business investment and development in southwestern Illinois.

How to claim your tax back with taxback.com

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Deductible Versus Nondeductible IRA Contributions

The type of contribution you make affects your tax bill when you withdraw the money or convert the account to a Roth.

How to Get Rid of IRS Penalties – IRS Penalty Abatement

Question: i am writing an abatement letter to convince the IRS.?

There was a transition two years ago resulting to neglecting sending our tax return. I replaced the old controller and due to my busy schedule 2 years ago. I forgot to send the tax return. I need all your help to give me ideas to convince the IRS to lessen our penalties. Thanks
can you link a template to me too or a sample letter. thanks

Answer: You may wish to peruse Topic 653 from the IRS website regarding the Failure To File [FTF] penalty. Click on the first link below to pull up an Adobe copy you can save or print.

You submit the claim for abatement utilizing Form 843. Click on the second link for a copy of the form and the next link for a copy of the instructions.

G’Luck…

Mike Womack
Zero Degrees Tax LLP
Moore, OK

Don’t Get Scammed on Your Tax Refund

Itching to get your due from Uncle Sam? There are plenty of folks — legit and otherwise — who will happily promise to help you get a faster or bigger refund. My advice? Don’t fall for any of the come-ons, no matter how tempting they sound.

How to get IRS penalty abatement on back taxes

Coming up in the Chesters, Mendhams, Harding and Washington Twp.

THURSDAY, Jan. 7 The Chester Lioness Club will celebrate the new year with a dinner and meeting at 6:30 p.m. in the Lamplighter Restaurant, 190 W. Main St. The speaker, Jill Lattmann, will discuss health tips and easy ways to obtain the seven to 13 servings of fruits and vegetables a day as recommended by the federal government for good health. The public is invited to attend by reservation only …

Laughter 1099!! Frenchy!! Where are you?!

Question: Am I supposed to use the 1099-c form for tax purposes this year. It is a cancellation of debt.?

Answer: Cancelation of debt is considered income.

It goes on line 21 on the 1040 (long form)

If you are insolvent there is a process where you do not have to include it as income but I can not remember the form number.

How to report taxes on foreclosed homes

Dear Tax Talk, My father-in-law recently received a 1099-A from the bank due to the foreclosure of his home. The home was tagged with a fair market value less than the acquisition cost.

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 2 Nov08 Team Approach, Investments