you would be entitled to long-term capital gains treatment, so the federal rate is 20%, plus 3.8% for the "Obama-care Surcharge", so the federal...

What am I supposed to do to start paying back without my driving job?? Please help I'm about to start crying like a baby.

This is something New York state started doing about three years ago to enforce tax compliance. You can easily save your license by entering into...

Can/ would the State foreclose a house jointly owned with ex for unpaid sales taxes?

As a policy matter, the states don't like to foreclose on personal residences unless necessary, still, as long as the mortgages were recorded prior...

Does the foreign earned income exclusion apply to a payment I received while I was in the US for work that I completed abroad?

Great question, and the answer may depend on what type of bonus your received. If the bonus was paid as a performance type bonus for your work...

My company has three partners. What happens to the sales tax debt if we go out of business?

I agree with my colleagues that there is personal liability for the "responsible person" as determined by the New York State tax authorities. In...

I had a dispute with a guy I did some work for 7 years ago, and he had his Attorney put a Tax Lien against me... Is This Legal

This can be one of many liens, but it is not a tax lien. You need to have your attorney pull up the filing to ascertain exactly what liability the...

Any suggestions on how to address taxes in divorce agreement?

I generally agree with all of the answers posted so far; just wanted to note the importance of alimony and child support in structuring the...

Looking for information on how to structure a partnership with a 1 year trial term, which then goes permanent if all is well?

sounds like you are considering a joint-venture for one year, with the option to convert into a partnership if all goes well. That's the easy...

They took my federal tax for ardent loans will they take my state tax tio

I agree with my colleague above; I just wanted to add that if the "Ardent loan" is a private loan, the IRS can only apply your refund to certain...

How much of my small businesses' profit can I reinvest for the maximum tax deductions?

There are a few different legitimate ways you can reduce your taxable income. To the extent you purchased depreciable assets, such as machinery,...