Can I give a gift over $14k IRS limit w/o paying taxes? If yes, how I do go about it? What tax form to use & when to report it?

Yes, you can. The 14K limit is an annual limit per person. But, you also have a lifetime exemption of over $5 million (indexed for inflation) in...

Taxes. Relief on penalties and fees.

I agree with the others that you need not be intimiated by the IRS. Howeve,r your current hardship is likely not to assist you with penalty...

NJ STATE TAX RETURN QUESTION

For single taxpayers, the filing threshhold is $10,000 of Gross Income. For this purpose Gross Income includes only income that is taxable to New...

How do you get the copies of taxes that your tax preparer said was completed and you were charged for him completing?

Your tax preparer is required by rules of practice to provide you a copy of the tax return filed. You have several options. First, if your...

The number of allowances provides the basis to your employer's payroll department to withhold on your pay. The amount of withholding becomes an...

Can i open or start commission paying jobs for my children in their ssn and am i able or responsible for paying taxes aswell?

You really need to speak to an attorney. Some of what you are doong may be legal. But, some appears to be fraudulent. If you are on disability...

My employer misclassified me as an independent contractor. Instead of giving me a W4 he gave me a check for taxes.Is this legal?

There is some to think about. One is your job. Another is what were your thoughts when you noticed no withholding on your checks throughout the...

Am I able to live in one duplex unit and rent the other duplex unit at a loss to lower tax liability from other income?

If you rent to a family member at less than fair market value, the Internal Revenue Code does not allow you to deduct expenditures in excess of...

Can irs do wage garnishment for a sub contracter,i get a 1099 at the end of the year,if so how do i fix this problem

You should get into a streamlined installment agreement with the IRS immediately. They will allow you to pay over 72 months and withdraw the...

I received a notice of deficiency for taxes. Do I refile or do I petition the deficiency?

Be sure you do not miss the deadline for fling the petition. That is how you protect your rights. Of course, as others have stated get some...