Seek out the assistance of a tax professional to obtain transcripts of your account for 2014 and to help you file the 2014 tax return. I agree...

What tax liability is there on court judgments and settlements?

All judgments are taxable except "physical" personal injury awards and you did not take an itemized deduction for medical expenses related to the...

How to find a lawyer to represent me before the IRS in EIC compliance area?

agree with counsel's answer above; EIC abuses have been a huge issue with the service so the compliance audits are their latest attempt to address...

Question about bringing in receipts for 2019 taxes

always bring your receipts to your preparer ... you can elect to deduct start-up expenses. Depending on what type of entity you have, you can...

If you owe a state hospital do they take ur state and federal income tax?

Your federal refund should be safe from offset. The IRS can only offset tax refunds with the following liabilities: 1. Past-due child...

it depends which section of the Form 8332 you signed ... § 1 only releases the exemption for the current year while § 2 releases the exemption for...

I agree with counselor's answer above - many restaurant employers enter into "tip-reporting" agreements with the IRS where a specific process and...

What happens to a given share of property if a beneficiary dies?

The first thing in the bequest leaving you and your brother the rental property is whether it was left to you both "per stirpes" or "per capita". ...

This is a tax question

Make an appointment at you local IRS office to sit down and speak with a representative. Even if the employer failed to report you as an employee,...

LLC Profit Sharing Plans for Passive partners

the short answer is yes, but the "plan" will be a non-qualified arrangement and you must be careful in how you structure it. You definitely should...