You should file based upon your situation each year, which could be married filing separately, head of household or single. To determine, hire a...

The rule is in a single calendar year. So, whether one or more gifts are given, if you exceed the $15,000 threshold of one person giving to one...

It is very generous for your mother-in-law to open an account for your baby. However, I would not give her the social security number. If the...

Each year you have the option to file jointly or separately. So, if you believe there is risk in filing jointly, then simply do not. In terms...

The executor of the estate is obligated to determine the fair market value of the property so that you can determine the proper tax basis. ...

Your suggested action is the very essence of tax fraud! Don't do it. But, you can plan prospectively to change your organizational structure. ...

You have not provided sufficient facts for us to answer your question adequately. How much do you owe the IRS? Are you in a payment plan? Have...

If the OIC was approved in 2020 they will keep your 2020 refund (and the 2019). If represented you should have been advise to make sure you did...

This may (or may not) be subject to SE tax as discussed by the prior Attorney answer. It depends upon the nature of the lawsuit. Also, certain...

Cash is legal tender. And, if you keep good records and report all of your cash as income, there should be no issues with the tax authorities. ...