My husband is illegal and I want to file taxes he got paid under the table so he dosent want to pay taxes because he feels like itin numbers are a way to track him and that we would have to pay back to ira...but we really need the money for legal...
Immigration will not work with your husband unless he can show how he supported himself & that he filed tax returns. In addition, reporting his income will cost you money in the short term but in the long term will help him get his residency card. ITIN numbers can ONLY be used by the IRS & the IRS will not share that with immigration. But your husband must share those returns to immigration.See question
My problem is that my Sister wants to donate her share of the house so she can get a tax deduction. My brother has died and his wife isn't interested in the property. I am responsible for paying the taxes and sewer on the house and no one is contr...
You can deduct the RE taxes if you have an economic interest in the RE. SO if title is transferred into your name then you can deduct RE taxes if you pay them.See question
I am recently divorced and part of the agreement was that I would pay an additional $60,000 via transfer from my 401k to qdro. The separation/divorce settlement agreement breaks down everything and the amounts that made up the total of $125,000 Qd...
No. Transfers of assets between spouses pursuant to a divorce are not taxable to either spouse. However, it is possible to make a lump sum ailmony deductible payment if properly drafted. But this cannot be done with Pre-tax money from your401(k). It will be either not deductible to you or a taxable withdrawal of retirement income & alimony deduction. You cannot deduct Pre-tax income as alimony.See question
If I reside in MA and will be storing tangible goods in MA, but will not sell to MA residents, am I required to create a sellers permit for collecting MA sales tax? What is the penalty for selling without a permit?
First there isn't a permit. There is registration with the MA DOR for sales tax collection. You must file a return even if you have no taxable sales but show total sales & exempt sales. if they are equal you owe no sales tax. Otherwise there is no statute of limitations on collection by the DOR. I highly recommend you hire a tax lawyer to be 100% sure the sales are exempt. That way you have peace of mind.See question
I believe this is an auto-generated (says BATCH??) letter which was sent to me in error . Under IRS forms, the earliest (version) of 8296 is 2014. What's the best way to resolve this issue w/the IRS? Thanks
You are correct that such form is not applicable to 2012. It's possible it's a scam. I would not call any numbers on that form. Call the IRS on your own at 800-829-1040See question
I owe excise tax from over 7 years ago cant get my drivers license back
Unfortunately the answer is it never goes away. You can pay the tax and sue for a refund if you have a reason it isn't owed but there's no statute of limitations.See question
old excise tax from years back
People don't go to jail for non-payment of auto excise taxes and if you mean corporate excise tax then again, usually not. There are, of course, non-criminal means for the IRS and the DOR to collect such taxes. I suggest you meet with a tax lawyer to be more specific and get good answers and a strategy.See question
I had numerous jobs was too disorganized to file my taxes. I don't know whether I owe more than $50,000, but I never made a particularly large amount of money. I have not received any notices from the IRS about this recently. Might I still have to...
This is more an immigration question than tax. You can find out if you owe back taxes but generally the IRS will not go back more than 7 years for unfiled returns. I suggest you hire a tax lawyer just to find out where you stand.See question
My brother and I became full owners of our dads home which was in a life estate after he died. Home is appraised at $200,000. He wants to buy me out for $100,000. Will there be capital gains tax for either of us. Thanks
There's not likely to be a tax since you & your brother get a step up in basis to the fair market value as if your father's date of death. So if the value was $200,000 of of that date, the no gain to be taxed.See question
I have been awarded a settlement from a PCB litigation in the State of MA. Would I have to pay taxes on that and I have to show that as income. I contacted Cancer and was out of work for a couple of years.
That's an excellent question. Generally, winnings from a lawsuit, whether settled or by judgment, are income or not based upon what's called the "Origin of the Claim" doctrine. So if you are physically insured [car accident for ex.] none of the money is income EVEN IF THE AWARD USED LOSS OF INCOME TO YOU in the calculation. You may need to get that answered by the litigation firm that worked on the case. You will need more info on why you were paid.See question