2010 tax return amending to show profit from sale of stocks

You should contact a tax lawyer right away. You have limited times to object to the IRS action. If you wait too long, you would have to pay the tax...

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I owe taxes 10 years back. I want to file now. For which years should I file?

You should file the 2012 tax return by April 15. This will avoid the late filing penalty. The IRS will require the last 6 years returns. If you can...

When should I pay penalties for late taxes?

You should file the returns, pay the taxes and if your tax preparer's software estimates penalties, you should pay those. The IRS will process the...

Tax returns

I am not responding to the requirements of family court. You must file the tax returns! I explain repeatedly every adult should file a tax return...

I lent $150.000 to an investment llc in 2007. The manager (owner also) has not returned principal or interests since then.

You have a mess! You need a good business lawyer to review the documents, including the LLC agreements to give you a real analysis. You have waited...

I only earned 400 dollars in 2012 due to being disabled and was told I do not need to file taxes is this true?

You must file the tax returns! I explain repeatedly every adult should file a tax return every year, even if there is no income, just to start the...

Move internet based business from US to Caribbean.

PLEASE CONSULT A TAX LAWYER! Do not say anything else online! REALLY! Ron Cappuccio www.TaxEsq.com

Is there any income from the discharge of indebtedness when tax attributes are used up? Thank you.

The exclusion for COD income is for your own residence, not a rental property. Please discuss this with a CPA or tax attorney. I hope this...

What happens when you dont file state or federal income tax for 7 years.

Sorry, but your friend should definitely meet with a tax lawyer. Lawyers have attorney/client confidentiality. Accountants do not and can be...

I inherited my mothers estate last year and paid UKs VAT. We live,work and pay taxes here.Do I pay tax on this?

If your mother was a US citizen, her estate could possibly be subject to US estate tax, and potentially state estate tax and state inheritance tax....