Do I need a letter if I want to gift someone money up to $14,000 or a couple $28,000 so they are protected from tax?

If the amount given is truly a gift, then you do not need any special letter. I suggest that you give $14,000 to each person of the couple and put...

Can I buy my none US resident parents share of the house in MA without my parents pay gift tax?

If your parents are neither US citizens nor residents, then they may give you their interest in the house without any gift tax consequences to you....

I am a foreigner currently working in the USA and my company does not withhold taxes from my paychecks.

You may be a resident alien even if you had no green card at all during the year and it wasn't taken away by abandonment or the courts, if you met...

I have a friend who is on dialysis with end stage kidney disease, just moved into a room after being homeless for almost a year.

There are many ways to get relief from the IRS on such levies, including, a hardship claim (Form 911) and the Taxpayer Advocates Office as well the...

Selected as the best answer

There is no statute of limitations on assessment for a tax return that has never been filed. But they cannot assess you without explanation but...

Question about I.R.S. tests for business versus hobby

I cannot see where to answer this question? I click on the link and get to the question but not answer box? Eric P. Rothenberg,...

What kind of notice is required for MA DOR for a wage levy?

Notices of levy, by either the IRS or the DOR, are not mailed to the taxpayer ahead of time so you cannot doing anything to lower the amount the...

My father gave his house to me and my sister before he died,if we sell the house will we have to pay capital gains tax?

That depends. If he truly gifted you both the house and retained no rights, then your basis is the basis your father had [purchase price plus...

Need info about filling taxes for non-resident alien J1 scholar with J2 spouse

You can find IRS Form 8843 in a form that you can fill out on your computer here: http://www.irs.gov/pub/irs-pdf/f8843.pdf Many software...

I filled out an "Offer in Compromise" form and sent it to the IRS. What's the likely response to expect from the IRS?

Offers in Compromise are very complex and require the preparer to have extensive knowledge of how they work....I highly recommend your getting...