Legal Question in Consumer Law in California
I paid my contractor large sum of money (over 50K) to do my house remodeling/ additional. I paid the check to his company name. After taking the money, he never did the work. But he repaid the money (after 2 years time) and he issued the check from his personal account. Will I have any tax related issues for taking the refund from his personal account instead of his company account. If so, what should I do?
Asked on 11/24/10, 6:53 am
1 Answer from Attorneys
George Shers
Law Offices of Georges H. Shers
Just give an explanation on your supplemental tax forms. If you took it as a loss before, you might have to include it as imcome now.
Answered on 11/29/10, 2:37 pm
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