Needham, MA
Tax Lawyer at Needham, MA
Practice Areas: Tax, Real Estate ... +2 more
The previous answers are good. Only a very competent tax preparer will be able to advise your friend in this area which is highly audited. Not only...
A gift tax is due and payable by the donor and if your "friend" is not a US citizen or resident, then they do not have to file a gift tax return...
The issue for you is not whether he was authorized to file a joint return but who is entitled to share in that refund. I say this because even if...
If by settlement you mean a sale of real estate, then yes, the IRS lien must be satisfied in full. If there are insufficient proceeds to pay of the...
US citizens must pay taxes (income and gift etc) on world wide activities. Thus if you make a "taxable" gift, you must report it and maybe pay...
Yes, you can still get a refund. You may need to file a complaint at the Appellate Tax Board but you have one year from the date of any payment to...
When a return is signed without authorization by a spouse, the IRS will allow you to file a -separate return from your husband and obtain your own...
Section 83 says that stocks you receive, that are subject to a risk of substantial forfeiture (i.e. if you leave the co. early you lose the stock),...
Selected as the best answer
Series EE bonds pay taxes on accrued interest either on the cash method (only when they mature or are redeemed) or on the accrual basis (each year...
The previous answers are all correct. These returns for people working overseas, are quite complicated and often audited. They deal with overseas...