International Gift/Loan Tax. Based on the below details, should I be more inclined to report to the IRS as a gift or a Loan?

Generally, gifts from non-residents, non-citizens, are not reported in the US as the donor of the gift is responsible for gift tax consequences,...

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How to locate individual spouse income on a joint tax return?

You need to order a Wage & Income transcript from the IRS for just the one person.

For Attorney Eric Rothenberg - Final tax return

The first answer is correct. This forum is not the appropriate place to discuss the pros and cons of whether, or not, to file a combined return by...

It appears from your question that there are two (or more) confused items here. If a person (donor) donates money to an irrevocable life insurance...

Massachusetts requires you to add in the post 1976 taxable gifts (gifts over the annual exclusion, charitable, etc) to the federal Adjusted Gross...

Should I be asked to limit tax withholding to 1 in my W4 by my employer even if I am married with a kid?

You should accurately assess what you need to have withheld while making sure you have enough withheld but there is nothing gained by paying in...

Does fed tax and state tax lien wiped out after senior lien auction by the bank

Federal & state liens are just like other liens. If a senior lien forecloses they wipe out any junior liens. They are free to protect their lien by...

Tax return Have arrears in child support so my return goes to her. Not an issue.

Massachusetts imposes a penalty for not having health insurance. It's a penalty based upon your income level and based upon the Federal Poverty...

Do I need to file my spouses 1099-c student loan cancellation due to death on my tax return he passed away in June 2013

If you are your deceased spouse file a joint return then the cancelled debt must be reported but if you were never obligated on the loan then you...

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Tax law question on lawsuit settlement payouts, is amount paid out by an S corp in a settlement tax deductible.

When a lawsuit is settled, either by a judge, a jury or by agreement among the parties, the deduction of the proceeds depends upon the "origin of...