I want to find out if I can claim all PSS (made to 3rd parties) as deductn in 2014 - a written agremt was only signed in sep'14

The answer varies by State and how the PSS is written. My suggestion is to have the agreement reviewed by your CPA to determine the correct...

In answering this question, I am assuming that this is a single-member LLC and that you have not elected for it to be taxed as a Corporation. In...

I want to purchase a condo for my daughter in Washington, DC. I live in another state. Are there any tax implications?

For the manner in which you have stated your question, I am assuming that you will retain ownership of the condo. In such case, you may deduct the...

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If you business model is such that you will not make a profit, then your "business" is in fact a hobby under that tax law and you may NOT deduct...

Can credit card companies file form 1099-C to IRS to incl. late fees ? I did not receive late fee money as income or spend it.

You make an excellent point. I suspect if you litigated the point, you might succeed as you were not enriched by the forgiveness of interest and...

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What can I legally do about tax refund fraud thanks to H&R Block?

Until you know the reason for the delay, it would be unfair and inappropriate to take legal action against H&R Block. Their delay in informing you...

Tax benefit for paying student loan

If you qualify to deduct student loan interest, your tax benefit may be larger if you spread out your payments and, accordingly pay more interest. ...

You can sell a home even if the IRS lien cannot be satisfied. You make a request to the IRS to discharge the property to the IRS to discharge the...

If I worked under the table for the last three years and when she filed taxes jointly but did had what I made on it can we both

I assume "she" is your wife, right? If your wife filed jointly with you and did not include your "off-the-books" income, she has participated in...

CAN MY FIANCE FILE HER TAXES after i filed my taxes and did an ammendment?

Yes she can. But, if she claiims you as a dependent (she may not qualify even if she does provide over half your support, check the IRS...