Tax Basis - I bought a property from someone, they owe more than the value. As a form of consideration, I

Normally, I would look to the contract and sales price as set forth by the documents. I don't see a reason not to do so in your situation. ...

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I don't know where my husband is how do i file my taxes

You can file without your husband. You can file married filing separately. Depending upon your circumstances, you may be able to file single or...

Contacting the I.r.s. in a divorce case. Reason: unpaid back taxes and my liability.

I think this may be a bit more complicated than it appears. You really have not provided sufficient facts. When was the divorce granted? What...

Which is a better state to live in for a retired widow, from a tax perspective: GA, SC or FL?

Florida has no income tax. So, potentially, your mother may save some dollars by moving to Florida. However, you must review your mom's Georgia...

Can an accountant you paid to have your taxes done be held responsible for penalties being assessed by the IRS?

I believe this is a factual question. And, you have not provided sufficient facts to give you a definitive answer. It sounds like your accountant...

How far back does IRS liability go for a surviving spouse go?

Your sister has no liability for taxes not filed prior to 2011 by her deceased spouse. Filing a 2012 tax return does not change that fact. So, if...

Can my wife and file separate income tax resturns we are married and live together

Yes, you and your wife can file separate tax returns. You would each choose the filing status of "Married Filing Separately". Most tax software...

What is the criteria for a waiver of the 10% additional taxes on a hardship distribution from my 401K to avoid forclosure?

The exceptions to the 10% penalty are outlined in the instructions to form 5329 and in IRS publication 575. Both can be found at www.irs.gov . It...

I was wondering about a tax qeustion my wife filed taxes a couple years ago

If the return was filed incorrectly such that your wife overpaid her taxes, she can now file an amended return if the year is 2009, 2010, or 2011. ...

W-4 Form for IRS

I agree with Attorney Larson's answer. There is no penalty that would be imposed by the IRS. Of course the penalty is the loss of the money's use...