zebo007

She sold the piece of land in Mexico and netted $175,000.00 She transferred the money in $8,000.00 increments to a bank account in the United States and bought a house cash for $170,000 last year. Does she have to report the sale of the residence in Mexico on her income tax return? She only earns around $10,000.00 a year including unemployment for 6 months. Won't the IRS investigate her for not reporting the sale of the property?

I have a client who wants me to help her out. She originally self-prepared her 2007 & 2006 taxes with an adjusted gross income of $0 and $49,000 respectively. She wanted to buy a second home now that houses are moderately cheap, so her mortgage broker advised her to modify her taxes and report $53,000 & $58,000 on her two years of taxes. She went ahead and modified them and without knowing took the modified copies to the IRS office.

She bought the house because she "qualified" with the new taxes she prepared. Now she's getting letters from the IRS stating she owes nearly $25,000 in taxes.

She wants to know what she can do to get out of this mess.

Any suggestions? I'm stumped. As far as Im concerned the IRS does not like to be played with. I do not think they're going to allow her to do a 1040x and remove the wages reported on the second returns she reported.

I know people who have parents in Mexico who they have claimed with ITIN number for many years but then they passed away and they keep putting them in their taxes as a dependent. Is that possible? How will the IRS find out they are dead?

When I was working for a brokerage they would tell me that I would save money because I didn't have to pay a commission to a real estate agent. Do I have to be listed under a brokerage? I contacted a mortgage broker and he said he was going to get a list of houses for me to see but I told him I have access to the MLS since I am currently a REALTOR but am not registered under any brokerage.

He keeps insisting to find a REALTOR for me. How do I buy a house without paying unecessary commissions?

Will he get fined?

I am trying to find a fast and cheap way to send money to panama.

Seriously...

I've heard of someone losing up to 11 houses.

Many i've talked to have lost 2-4 houses in the past year and a half.

Someone without any type of insurance license in California.

Or does everybody at the agency need to have some sort of Insurance License?

I used to have a pair and the first day I had the shoes (White on White) I scuffed them and cracked the top part of the shoes on top of my toes :(.

How do I avoid it? I know other people that have the same shoes and they can go months without cracking them.

what truth is there to that?

Where did that rumor start?

They're offering 99c for an ipod nano to the first 9 people tomorrow at 8am.

What does he do? The agency is not holding itself responsible for not processing the endorsement to the policy. He signed a paper with the agency stating that he wanted full coverage and two years later he never had full coverage. They said the whole time he had liability only.

I've ran into files which I'm downloading on bittorrent which get stuck at 99.9% and the only thing between that and 100% are three little pieces of the entire file. Is there a way to stop the transfer and use some sort of program to fill in the blank pieces by inputting inflated data into the blank spaces to finish the torrent so it can be useable?

I KNOW that if it IS possible, the video clips which need those three pieces on the torrent wouldnt work perfectly but at least I would be able to view the other video clips which are not affected by the three little pieces which cannot be found.

I want to buy a property in Panama. How do I obtain financing? Through a bank in the United States or do I go to a local bank in Panama City, Panama when I arrive over there?

Will that loan appear on my credit score here in the US?

I have been troubleshooting these two computers I have. They are just over 3 years old each and both of them gave out. They turn on but they overheat really fast. I noticed the heatsink fan is not spinning at all when I turn on the computer. Is it supposed to start spinning as soon as I turn it on?

I am reluctant in buying another heatsink & fan since the cost is around $60.00. Sometimes the computer doesn't start and sometimes it does and when it does it gets REALLY hot really quick.

I KNOW of a few people with those SSN's which are basically like ITIN numbers disguised in SSN cards which have received their STIMULUS PAYMENT.

Anyone else out there?

There are two Fred Loya Insurance offices here where I live and they claim no broker fees, no commissions, just the premium.

How do they pay their agents??

I have heard they are scam artists, is that true?