The IRS Audit Blog

Posts Tagged ‘law’

Question: I filed my own taxes for free! I used the IRS website. It was stressful because anytime you deal …..?

with the IRS accuracy is so crucial. I think I did great! only time will tell. I highly reccomend this to anyone. I stress because last year my tax person gave my fiance bad advise and the IRS audited him and now he has to pay the full refund back not to meantion penalties. They also questioned my head of household status. Once I proved it I was ok however, Still a very stressfull situation. I guess if you keep it real and stay 100% legit you will be okay. I will have to let you all know how this unravels…

Answer: you should seek another tax service if you think that was too much stress

Accountant: Jinwrights failed to adopt financial controls at church

An Atlanta-based accountant said he twice conducted audits for Greater Salem City of God but declined to do a third year after the church failed to adopt financial controls.

Question: attorney schooling and pay?

how much education is required to become a “good” attorney and what is the pay after taxes?

Answer: You have to go to college for 4 years, law school for 3 years and then you must past the bar in order to practice.

The pay range is anywhere from 30K just coming out of law school working at a nonprofit to over a million dollars a year if you are a senior partner at a big law firm in a large metropolitan area.

Can’t tell you about taxes because how much tax is taken out depends on your tax bracket and that’s determined by your adjusted gross income.

You need to be close to the top of your law school class to be able to get the highly competitive and well paid legal jobs. Definitely top 20% and above.

Attorney glut may hit foreign firms

One of the interesting things about being part of Japan’s new law school system and its role in greatly increasing the number of Japanese attorneys is this: Nobody seems to have bothered asking the Japanese people if they actually need more attorneys. The original target of increasing the number of people allowed to pass the annual Japanese bar exam to 3,000 by 2010 was based on a government …

Collection Appeal Process (CAP Appeal)

Question: Is an injury lawsuit settlement amount taxable?

If someone was to settle (out of court) for an injury lawsuit, would the amount awarded (after the lawyers 30% cut and such was dispersed) to the person who was hurt be taxable by the IRS come tax time? In other words would the person have to pay Taxes to Uncle Sam on the amount of money he/she received from the lawsuit settlement? (this takes place in the United States for this example)
in response to deesnuts…does this apply to all states or does this vary state to state?…and yes this would apply to a physical injury case out of court settlement (if they settled before they went to trial…say to avoid court costs and additional legal fees)

Answer: tax free money=According to the tax code, the only damages you can enjoy tax-free are those that compensate you for physical injury or physical sickness. (26 U.S.C. § 104(a).) So if this describes your case, you will probably keep the cash safely away from the grip of the IRS.
tax free is just that TAX FREE. non economic loss, your lawyer 30% is taxed as income. yours is non economic loss not taxable ask your lawyer he or she should know for your state. p.s. don’t just blow the money. be smart. make it grow. don’t tell anybody what you have. good luck. p.s.s. looking @ your ? could not reply, Smartest investment : GOLD is your best bet. it’s better than paper money.

U.S. Census Underway; Workers Needed Locally

On Monday, some Charleston residents started to receive their 2010 Census forms, nearly two weeks in advance of the rest of the nation.

IRS Debt Settlement

Question: Law school after bachelors in accounting?

i am a accounting student(sophomore year), i plan to go to law school after my bachelors, i want to become tax attorney.

can you tell me how long does it take to become one. after i get my bachelor degree.

can i get into law school rite after my bachelor or do i need to work and get exprience for few years and then go to the law school.

Answer: Law school is 3 years.

Your major doesn’t matter, just make sure you complete whatever classes Law schools require to apply and matriculate. You will also need to take the LSAT before applying.

EDIT: And yes, you can go to law school straight from college. Work experience is not necessary.

McCollum Names Jacksonville Sheriff’s Deputy the 2009 Law Enforcement Officer of the Year

Attorney General Bill McCollum named Jacksonville Sheriff’s Deputy Jared Reston as the recipient of the Attorney General’s Law Enforcement Officer of the Year award for 2009.

[Introducing L3C - Part 1] L3Cs: Social Enterprise’s Powerful, New Capital Formation Tool

Protests over 50-to-life sentence for two teens in drive-by shooting

More than two dozen youths and advocates gathered in front of the criminal courts building in downtown Los Angeles to support two young males who were sentenced today to 50 years to life in prison for a fatal drive-by shooting….

Madison Recall Vote set for March 3-2009 Democracy in Action