IRS issues.

It is true that filing a new return with a balance due and not paying it in full defaults the current payment agreement. But it doesn't...

Is it legal for my exs wife to claim our children on taxes without my permission?

Legal custody doesn't determine if the person is your dependent. The 2 biggest factors (there are many) are physical custody (where does the child...

Capital gain timing question

There are many different kinds of trusts and so the answer isn't easy to answer here but a good tax return preparer can help you out. Trusts are...

Tax on distribution from Subchapter S corp

The gain on the sale of real estate is taxed as a capital gain (15% or 20% depending on your income tax bracket) and there also is depreciation...

You can always get another social security card from their offices so I don't understand that part of your question at all. If they previously...

I'm a resident of Massachusetts and worked in NJ, RI, ME & MA in 2011. Do I owe state taxes to MA on my total wages?

MA taxes you on world wide income for all the time you are considered a resident of MA [it's a term of art litigated all the time but presuming you...

Selected as the best answer

Notice of assessment for tax year 2011 massachusetts

The MA DOR can assess you income taxes up to 3 years after you file. So 2011 is still an open year to be assessed. Then they will add interest &...

What about if you have a daughter with the person and just one income is not doing it, so is that considered financial hardship.

This question appears to be related more to an immigration lawyer so please re-submit it under that category.

I am a US citizen and I may be getting a property settlement from Australia.

The property settlement you are talking about could be a lawsuit or real estate of anything. A tax advisor would need much more information. But...

Selected as the best answer

How do I calculate the amount of state tax withholding when taking the lump sum of my 401k.

The 10% penalty is federal. MA taxes all ordinary income at the same rate [5.25% for 2014]. Next year the rate is 5.15%. So using 5.25% is a very...