You should speak with the company. One possibility is that the life insurance was part of a retirement plan. Another is that it may be an annuity...

Income tax question. Trying to figure out what I pay.

Mr. Givner has a sharp calculator! I agree with him. But, your analysis does show that, at the marginal rates, Americans have trouble making a...

As a Bookkeeper (1099 contractor) I missed the filing deadline and caused my client to have to pay a penalty on quarterly taxes.

My opinion is that if your former client went to small claims court, he/she would probably win. That being said, if the penalty was a first time...

What is required to file taxes on an estate that was only $55K?

For sure you do not have to file a federal estate tax return (form 706). Whether you have to file an income tax return during the pendancy of the...

Do i have to pay the IRS tax when primary residence is foreclosed in 2010?

I would find it unusual for you to be taxed on the foreclosure of your residence. There are two exemptions under federal law. One relates to the...

If I file my parents as dependents on my 2012 taxes am I responsible for medical bills being made in 2013 .

One has nothing to do with the other. The declaration of your parents as dependents is a federal tax issue. Whether or not you are responsible...

I get a monthly check tax free from a disability insurance company. now they want to give me a lump sum payment is it taxable.

You should take your policy and the offer to a tax attorney and have them determine whether or not it will be taxable. Also, ask the company how...

Can I get legal help if I am low income and cant afford it

There are many agencies for providing tax representation for low income individuals. Go to www.irs.gov and search for "low income tax clinics" and...

Can an IRS disallow Home Mortgage interest deduction?

I agree with the previous answer in that you need to contact a tax attorney. Alternatively a CPA experienced in taxation can assist you. In the...

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Should I feel my taxes jointly or separately?

One other possibility is for your husband to file an amended return including you as a joint filer. In my mind that may be the easiest method to...