My father is giving me a large monetary gift of $50k. Do I have to report this for tax purposes?

Assuming your father is living in the United States and is a US Citizen, then you do not have to report the gift. Your father will have reporting...

What is a better way to go CPA or a Tax lawyer ?

Why not get both? There are over 30,000 Attorney-CPAs in the country. Check out the Find an attorney-CPA on the website of the American...

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How do I find the best qualified help to catch up on my 2011 & 2012 taxes in the aftermath of our foreclosure & forgiveness?

I would advise that you seek a CPA who has experience with forgiven balances. In all liklihood, the 1099 income will not be taxable. Good luck.

Will my brother have to pay taxes?

Mr. Gottlieb is correct that it may have been better for the transfer of the home to take place after death. Also, it may have been better for the...

I am in uncollectible status right now how long does it last and why does the IRS still send me statements to pay.

The answers by my colleagues are correct. Getting representation is the best course of action. But, if you cannot, you need to contact the IRS...

What are the tax implications if my non-U.S. parents-in-law buy a house for me and my spouse in the United States?

A gift will not be taxable to your husband. But, he must report the gift on form 3520 which is a report of gifts from foreign persons. See that...

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What do you know about "Tax Resolution Services"?

My experience is that the largest and most advertised tax resolution firms provide terrible service. Many of them are out of business (JK Harris)...

I receive a cash payment from the Foreclosure review, are there any tax implications?

I suggest you consult with an attorney who is familiar with both foreclosures and the tax rules for such. Joann Koontz in Sarasota Florida is one...

Will there be some tax issues if my company pay my supplier in China to his personal account?

I am assuming you are inquiring about tax issues for your company and not the supplier. I don't see a tax issue for your company so long as you...

Can an IRS tax lien be removed from my property after a Revenue Officer closed the case as uncollectable?

The IRS will not normally remove a lien in this situation. If you fully paid the taxes, they would both release the lien and you could ask for the...