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I pay a lot of taxes every year and have been for 30 years. I'm radiologic technologist. Do I have to pay my husband's.
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Answered on November 14, 2013
My first advice is that you no longer file a joint return with you husband. Depending upon your individual circumstances, you may do so by filing...
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Can I deduct my medical insurance, when I am self employed ?
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Answered on November 12, 2013
Medical insurance paid through your business for yourself will be deductible in determining your adjusted gross income on page 1 of your form 1040....
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If my boyfriend gave me a large sum of money and then 1099 me for it on his taxes so he wouldn't have to pay taxes on it...
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Answered on November 12, 2013
You need to clarify your question. What does issuing a 1099 have to do with charging you with Grand Larceny? My suggestion is that you hire an...
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How do you find out if someone has filed your child on their tax return
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Answered on November 12, 2013
I am going to answer the question you did not ask. What to do if someone else claims an exemption for your son that you wish to claim. First of...
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W hat are tax ramifications for selling a farm and reinvesting in another?
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Answered on November 12, 2013
The answer provided by Mr. Brophy is correct. Also, you have a third alternative (and probably others) to consider. Your mother could borrow...
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I have come nto some money it is in a bank in Europe and I am getting a ATM card so I can draw $3,000 a day what about taxes?
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Answered on November 11, 2013
It is likely you need to file a form 3520 reporting your foreign inheritance. You should check out the instructions to the form on www.irs.gov. ...
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My mother left me an inheritance which I would like to give to my son would that be considered a gift and be taxed?
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Answered on November 10, 2013
One of your options is to disclaim your inheritance. However, there is a specific timeframe to do so. Accordingly, you should not delay your...
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Is short term capital consider income?
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Answered on November 10, 2013
Yes, for sure the gains are income. However, depending upon the level of your activity, you may be considered more than just an investor. You...
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How do I get may tax refunds after years of filing a 1099 thinking I was a Independent contractor when I was really a employee?
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Answered on October 24, 2013
I agree with the answers previously given. Also, note that IF you are an employee for federal income tax purposes, the amendment of your tax...
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Good day. I have a question I owe the good old IRS 8,500 DUE WINNING A CAR AT A CASINO HELP
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Answered on October 23, 2013
Yes, you should see an attorney. If you do owe the taxes, you can pay it off over 6 years without providing the IRS any financial disclosure...