Yes. The IRS will require the 8332 if there's a dispute. If the custodial parent claims the child in a year that you're entitled to claim the...

It probably makes sense to attempt to record them, but, depending on the state, sometimes there are statutes in place that limit the time to record...

The response from that attorney doesn't make much sense, because, as you said, the Power of Attorney is no longer operative at the death of your...

Is it legal to be fired from your job for changing the with holdings on your tax forms?

That seems to be an odd reason for termination. In general, an at will employee can be fire for good reason, bad reason or no reason. There...

78 yrs old, receiving my SS . Last yrs. casino winning put me higher bracket SS lower my SS check 200.00 a month

Probably what happened is that because of your win, your income was higher and as a result, your Medicare Part B went up. There are certain...

Question on paying taxes if company is located in other country

Answer = yes, it's income. No gray area in that question.

Do I need a tax attorney?

A visit to a tax attorney is probably worth the time. Questions are these: 1) do you in fact owe all the taxes. Perhaps there are some appeals...

Can a tax court judge declare someone incompetent?

I don't see how the Tax Court could find someone legally incompetent. Certainly it could recognize that someone judged incompetent by another...

My Aunt wants to transfer 139 acres of forest property that has cabin on it to my son. if gift will son be taxed

The person receiving the gift (your son) is not responsible for gift tax. It's the person making the gift who may have gift tax responsibility. ...

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A surprise 1099 has come to my knowledge due to a failure to file tax from Massachusetts state revenue.

This is a situation where you should pay a visit to a CPA or tax attorney. While true that there are certain Federal exceptions to the general...