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Showing content with the highest reputation on 06/28/2023 in all areas

  1. Did the Corp ever apply for any loans during its existence? The application would have included representations regarding stock ownership. Same for any personal financial statements submitted for personal loans, either jointly or individually. (Home mortgage, cars, boats, etc) Somebody (or both) had to claim ownership of the stock Also did the company ever do any government contracting or even just apply for the same? There’s always paperwork asking about percent veteran status (if either is a veteran), as well as percent woman owned.
    2 points
  2. Another option is to put a Tax Matters Representative form in front of them and make them designate the TMR. Both must sign. No tax work until the letter is signed by both. Don't get into the middle of their dispute. Tom Longview, TX
    2 points
  3. @schirallicpa Since wife is contesting ownership, do nothing at this point. Wait until this ends up in court and follow judge's advise. I am thinking may be you have to retro fix
    1 point
  4. I'd say no, because you're just making them whole for the penalties and interest they paid/will pay, so it's not income to them.
    1 point
  5. I fail to understand how this can be. At best it is criminal activity to break into someone's garage, car or whatever. This is exactly what every thief needs to have. The authorities need to find these folks who make this stuff shut down their operations and lock them up. But of course, if they are selling the amounts they claim, then there's the revenue lost from shutting them down. You say "We definitely live in a different world now! shoot I remember the days when my dad never took the keys out of the car nor did we close and lock the doors on the house at night. No AC and the air flow through the house was great. No electronic toys, no hackers, no computers just a bunch of kids playing outside in the neighborhood who couldn't stand to be in the house. All we wanted was a baseball, football, bat and glove, and basketball and not the latest and greatest iPhone. Hell we were happy with a telephone party line. Those were definitely the days. A time frame when a man's word was just as good as a signature on a loan document. Never gave it a thought that the first computer, tax prep software would grow to become a tool for thieves. Oh yeah, you could count on the good old US Mail system too.
    1 point
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