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Do I or my parents have to pay gift taxes if I'm a resident alien and my parents are non-resident foreigners?
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Answered on November 27, 2012
There is no gift tax on this. Since they are not US Citizens or Residents, there is no tax on them. The recipient never pays gift tax on the...
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Why would My Ex-Wife request our joint 2009 tax return?
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Answered on November 27, 2012
Your ex-wife can get the return from you or the IRS. Which would you prefer? If it were me, I would simply make her a copy and send it to her.
I...
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My mother passed away recently. I think she may not have filed tax returns for several years; what do I do?
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Answered on November 26, 2012
First, if your mother had a will, and your appointed the executor, you should get the will admitted to probate. You can then sign a power of...
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Hello. I recieved 43k last may from the death of my Father.l It came out of his IRA.....Do I need to pay taxes on this money
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Answered on November 26, 2012
Generally, withdrawals from an IRA are added to your income for tax purposes. Usually, IRA accounts name the beneficiary and the beneficiary can...
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When filling out Form 433-A OIC for 2011, does IRS want copies of current (2012) bank statements, etc, or info for 2011?
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Answered on November 25, 2012
First, the 433A requires the last 3 months' bank statements, 3 pay stubs, and copies of recent bills. If you are submitting an Offer in Compromise,...
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Doing your own tax work when your attorney does not have time for you?
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Answered on November 25, 2012
"Cheap is dear!" is a phrase my late grandmother always used to say. I do not know the rates for experienced tax attorneys in Salt Lake City, but...
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Are past due taxes on willed property, primary bills to be paid before all else.
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Answered on November 24, 2012
First, the estate must pay the taxes. Yous should IMMEDIATELY get a tax and estate attorney. You need to pay the taxes to preserve the value of the...
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I'm married to US Citizen who didn't pay his taxes.
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Answered on November 23, 2012
Please get your spouse to file his past due returns. If not, it could be criminal as well as civil. As a married couple, you can file Married...
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My wife and i got married this year and we filed our taxes together as a married couple. Now, her dad also claimed her.
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Answered on November 23, 2012
The rule for marriage is December 31. Therefore, if you were married prior to December 31, 2011, you are considered married for the entire year....
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If there was income made in my name, but not by me, am I liable for filing the taxes on it?
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Answered on November 23, 2012
The income and business was really your husband's and therefore he should be responsible. Nevertheless, this is going to cause a big problem for...