I am 62 years old and would like to sell my house in Missouri. Will I have to pay capital gains taxes?
Generally, gain on the sale of your principal residence can be excluded from income up to $250,000 ($500,000 in some circumstances) if you have...
Providence, RI
Tax Lawyer at Providence, RI
Practice Areas: Tax, Estate Planning
Generally, gain on the sale of your principal residence can be excluded from income up to $250,000 ($500,000 in some circumstances) if you have...
Your friend has several ways to deal with the IRS. The option you refer to is known as an offer in compromise. The IRS will accept a negotiated...
Find a local tax attorney. Avoid the on-line, radio and TV ads.
Your stated facts are somewhat unclear, but as ong as you have the right to make gifts to yourself, then you can do it. From a tax perspective,...
Pay your taxes. Report your pay and other income on your tax returns and file them timely. Even if you don't get a W-2 or 1099, you are still...
It depends on the type of taxes, as well as some other considerations. You need to consult a bankruptcy attorney with knowledge of taxes. If you...
As long as you don't commingle your accounts or ownership of your assets, you should be ok. You should encourage your wife to consult with an...
You can make annual gifts that are exempt from federal gift taxes of up to $13,000 per person per year. This amount goes up occassionally...
It is never good to take a position that an address shown on your tax return is not your primary residence, but the law and the tax cases will...
As a general rule, the taxing authorities have no limits on chasing you if you never filed returns. The liklihood of this is small, the longer it...