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Question
gift tax law, maximum gift per year without incurring ...

Gifting - Is it possible to GIft $200,000 in the state of WA with the Donor not having to pay any gift tax

Igor Drabkin
Igor Drabkin's answer
Contributor Level 1

Under the federal tax law, it is possible. There won't be any gift tax on the ...
Question
investing in real estate, flipping and capital gains ...

Flipping a house - Capital gains - I just purchased a house to flip. Is it legal to do the following: put my daughter on the title and mortgage it through FHA as a ...

Question
hiring a tax attorney in Seattle to handle tax evasion ...

Tax Evasion - My brother has not paid IRS taxes for at least 20 years. He has been self-employed and received 1099's during this time. What is the ...

Douglas L. Kaune
Douglas L. Kaune's answer
Contributor Level 3

It will be difficult to locate an attorney willing to tangle with the IRS for ...
Michael Emory Clark
Michael Emory Clark's answer
Contributor Level 4

While I echo the earlier response, the basic problem is that this could easily ...
Question
received a gift worth $1,000 from a friend, does this ...

Gift - I received a gift worth 1000$ from my friend. Do I have to report the gift on my income tax return. I live in Ohio

Thuong-Tri Nguyen
Thuong-Tri Nguyen's answer
Contributor Level 7

If it was a true gift, for federal taxes, the money is not taxable income to ...
David Lawrence Ganz
David Lawrence Ganz's answer
Contributor Level 4

Section 61 of the Internal Revenue Code says that all income is taxable unless ...
Question
homeowner's rights in tarrant county TX over property ...

property taxes - Tarrant county is trying to over appraised my house in order to increase my taxes. What are my rights as a home owner?

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Jody Scott Sanders' answer
Contributor Level 3

You need to look at the form that they sent you about the proposed valuation. ...
Question
CPA firm's errors in preparing irrevocable trust tax ...

CPA accounting firm errors on tax return - A CPA firm prepared my irrevocable trust tax return along with numerous other family members (they have the same trust, same money ...

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Michael E Hendrickson's answer
Contributor Level 5

Yes, tell them that you expect to be compensated for their mistakes/errors on ...
Question
overpaid alimony/spousal support for the past 20 years ...

taxation - mistakenly overpaid alimony by $1000/mo for past 20 years. Should have paid $500, instead paid $1500/mo. Also claimed tax deduction ...

Question
rights to claim a dependent in SC, child tax exemption

rights to claim a dependent - Im married and we seperated I had a child out of wedlock can her biolgical father claim her on his taxes even though no name is on her ...

Question
selling commerical building property in FL, possible ...

i am selling a commercial building/ prperty - because of the rough economy i have had to sell my property which has a small ware house on it in Florida. I have a granite shop ...

Question
selling property under PA state property settlement ...

Selling property after a divorce. - My x-wife and I signed a property settlement agreement for our divorce. I retained the home, while paying her monthly for her portion....

Question
appealing assessed value of home and property tax in ...

Property tax attorney representation - I want to appeal the assessed value of my home, as I know the values have gone down in my area. Is it necessary to hire an attorney to ...

J Craig Williams
J Craig Williams' answer
Contributor Level 4

You can file a request for an assessment reduction yourself, but an attorney ...
Question
probate, process and responsibilities with taxes and ...

Inheritance, taxes, and step up basis - My father died in AZ Sept 2007. His will said that his 3 children inherit the house. Come to find out that my sister was on the house ...

Richard Wills
Richard Wills' answer
Contributor Level 4

Assuming your interest in the home was received resulting from your father's ...
Question
child support and husband and wife filing joint tax ...

Child support and married filing jointly - My husband is currently paying his ex-wife child support: ~1000 a month based on his prior income and the support order (20% of his ...

Question
L1B visa tax

I Came to U.S on August 19th 2008 on a L1B visa and I'm confused about the tax deductions. Do i have to pay the federal, state, SSN ...

Question
husband and wife to divorce under KS state law what is ...

Unfiled Income Taxes in a Divorce - I want to get a divorce. My husband is self-employed and has not paid income taxes for the past ten years. I have not been employed ...

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Michael E Hendrickson's answer
Contributor Level 5

I would doubt that the TAX MAN will be coming for you any time soon under the ...
Question
Inheretance Tax

What are the tax implication if a Malaysian citizen residing in Malaysia dies and leaves a cash inheritance to a beneficiary in United ...

Question
L1 and L2 visa tax filing procedures, social security ...

L1 Visa - Filing IT Returns ??? - I relocated to US from India on April 2008 on L1 visa and currently staying here in Bellevue, WA. My wife is also here with me on L2 ...

Question
business financial fraud false income tax reporting ...

Fraudulent financials - Can the financials of a business be manipulated. I got into a business with a partner who solely owned it and he gave me fake ...

Joel Richard Beck
Joel Richard Beck's answer
Contributor Level 4

Yes, the financial statements of a business can be manipulated. If you ...
Question
tax on insurance claims

My brother has a life insurance policy with me as the beneficiary. Is there federal tax on the life insurance? And if not, can the ...

Question
Tax

If a company forgives a debt that an employee owed the company, as far as tax is concerned, would it be considered a gift from the ...

Anthony John Colleluori
Anthony John Colleluori's answer
Contributor Level 6

Usually it is charged as income.You should consult a tax consultant or ...
Janet Lee Brewer
Janet Lee Brewer's answer
Contributor Level 5

A company cannot make a gift to a person (only to a charitable organization); ...

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