Income from overseas

Generally, students in America are considered "non-resident aliens" [a very complex term under US tax laws] and are only taxed on earned income...

As 49 pct owner- what are my tax responsibilities- liabilities?

Answers to these questions require a whole lot more information. And because it’s a close family member around which the dispute revolves, it...

Carryover tax loss

You are confusing too different tax concepts. Estate taxes are different from Estate Income Taxes. The estate of the decent arises at death and any...

Shares of business II

I cannot answer a question such as this with much more information. I HIGHLY recommend you get legal counsel to represent you so time can be used...

I owe IRS from a previous restaurant business I had. 10,000. I hired a company, BBB accepted to settle this debt. 3500.00

Actually the IRS's policy on un-filed tax returns is for 6 prior years [there can be exceptions] as Internal Revenue Service Policy Statement...

A buyer in good faith, for full fair market value, that is unaware of the IRS lien will not be liable for the lien amount unless there is a lien at...

If an IRS revenue agent makes a false affidavit about me, can I sue him in his personal capacity?

Lawsuits against IRS employees are rarely successful and most often not a productive use of your money. Government employees have a general...

No. Inheriting money from overseas is not subject to any inheritance or estate tax here. One you receive it you will have to pay on any income...

The CAF number is the Central Audit File number all preparers are given so they know who you are and that you are authorized to represent others...

Why am I receiving the Notice of Ievy on Wages, Salary and Other Income?

You have 21 days from the date on the notice to prevent the employer from turning over the wages. You must immediately get on a payment plan to...