Can we take the insurance payout and split the money between the partners with out any income tax issues.

You really need to run the specific facts by an experienced CPA or tax attorney If the proceeds of the building exceed your tax basis (your cost...

The IRS has nothing to do with Child Support. Can you clarify why you think the IRS would compromise the imposition of child support imposed by...

Are there any situations where doing a longer tax form such as 1040 results in more taxes over 1040A or 1040EZ?

If you prepare the tax returns properly, the form 1040 will not yield a result higher than the 1040A or 1040EZ.

How can I get my income tax refund?

You should definitely call the IRS, 1-800-829-1040. There is also a section on IRS.Gov with FAQs on refunds. I have provided a link for you. If...

Went out of Business in 2005 but WI IRS has dozens of Tax Liens on my Credit Report.

You need to make sure you are dealing with the correct tax agency. You don't pay sales taxes to the IRS. So, likely, you are dealing with state...

Our group of friends is holding fundraising events for local non profit groups. Do we need an official group charter filed?

They need to form a New York not-for-profit or nonprofit corporation. They also need to secure an IRS exemption.

Separated-husband filed income tax without me, I filed on the fly last second....now audited, I owe, he pocketed almost 15k.

Your separated husband cannot file a tax return that you did not sign. Seek counsel from a CPA or tax attorney on how you can proceed. You can...

When is it too late to file IRS 706?

Please consult with an attorney. There are many fantastic estate and income tax attorneys in the Houston area. If you call my office, I am glad...

Do I have to pay taxes on my inheritance from an overseas property?

The key is who currently owns property. If you own a 25% share in the property directly, you will pay a tax on the excess of your net sales...

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Is it legal owner of a company give away company money?

This is a delicate question that you (or the owner) should be consulting with an attorney on. The company can give money away to anyone it wants. ...