A 1099 filer who included restrictive language on a check gets a break from an appeals court. After two insurance agents got into a dispute over the sharing of commissions, one sent the other a check for less than the amount the payee sought but put language on the back of the check that any […]
The cost of alternative treatment can qualify as a deductible medical expense, the Tax Court decides in this case involving a woman with a spinal disease who turned to alternative medicine practitioners at her doctor’s recommendation. Although the treatment wasn’t conventional or universally accepted, the approach was taken to help heal her illness. As such […]
If you fled a high-tax state for one with lower or no income taxes, use caution. Your former state may be watching to see if you really qualify as a resident of the low-tax state or are just claiming that you do to avoid paying a higher tax bill. N.Y. is a prime example, as […]
1. Use e-mail or text messages for any reason. 2. Call a person as an initial collection action. 3. Threaten to file a lawsuit if taxes aren’t paid today. 4. Demand that taxes be paid in a certain way. 5. Threaten to arrest you if you don’t pay taxes today.
Paying alimony? Be sure to check the language in your divorce agreement. The instrument can’t say the amount is nondeductible. Two taxpayers who were required to make payments to ex-spouses learned this lesson the hard way. IRS nixed the write-off in a private ruling when a divorce decree clearly stated that a lump sum payment […]