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1099-A acquisition and abandonment. am I responsible for taxes?
Wiki User
∙ 15y ago
YES YOU HAVE TO PICK THIS IS AMOUNT OF MONEY UP AS INCOME. SAME AS FORGIVEN DEBT.
Wiki User
∙ 15y ago
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Which segment of the government is responsible for raising taxes or reducing taxes?
The legislative branch
How are paying taxes and being a good citizen connected?
a good citizen is a responsible person meaning that a responsible person would pay their taxes
Who is responsible for taxes?
lifetime dowry responsibilitys
Are you responsible for someones back taxes if you claim them as a dependent?
No
Are you responsible for someones back taxes if they claim you as a dependent?
No..you are not responsible for any of someone elss tax actions
What are you supposed to do with the 1099A from the mortgage company?
Your 1099-A should be reviewed by a professional when you have your taxes done. See the related information provided by the IRS regarding mortgage forgiveness.
Who is responsible for levying taxes?
congress is responsible for levying taxes
Is the executor responsible for paying all taxes on an estate?
The estate is responsible for paying all taxes. The executor is responsible for making sure that the estate does so.
The branch of government responsible for collecting taxes is?
The branch of government that is responsible for collecting taxes is the executive branch. Specifically, it is the IRS, which is under the Department of the Treasury, who collects taxes.
Once your home goes to foreclosure is the home owner responsible for any taxes?
Answerregardless the house goes into foreclosure, you are still responsible for any unpaid taxes and you are also responsible for any liens.Once the foreclosure sale has taken place you are no longer responsible for the taxes. In most if not all jurisdictions the property taxes run with the land.
Who is responsible for creating taxes?
the king
Is a spouse responsible for unpaid income taxes?
Usually both parties are responsible for tax debts during the marriage. A spouse might not be responsible for taxes owed before the marriage.
Which segment of the government is responsible for raising taxes or reducing taxes?
The legislative branch
What are some considerations when a company is considering a merger or acquisition?
With an acquisition or merger, the details connected with such things as taxes, corporate cultures, distribution of responsibilities, and logistics, among others, can be exceedingly complex.
How are paying taxes and being a good citizen connected?
a good citizen is a responsible person meaning that a responsible person would pay their taxes
Who is responsible for taxes?
lifetime dowry responsibilitys
Is the bank liable for Taxes and HOA fees on foreclosed homes in Florida?
The titled owner is responsible for taxes and assessments: if such an owner is a bank, the bank is responsible.
