We have a 2nd house upstate and we are considering the foreclosure option

The main consequences are that the house is sold for less than the actual FMV (your "competitive price"), you still owe a deficiency if the debt...

If I answer the Calif Franchise Tax Board Questions, would they try to "catch me" on something else?

The FTB is almost certainly not going to go after you for something else just to "save face." If they won't agree to your proof, then they'll make...

Do I have to pay US taxes if I am staying in US on B1 visa for couple of months multiple times a year?

It also depends on how many days of physical presence you have in any given year. Generally speaking, if you've been physically present in the US...

There is a way you can get them to let you keep enough to live on: you need to request, and get, an installment payment plan with the IRS. When...

My wife wants half of the tax check. Is she entitled to half of it? She has worked some but it was cash paying jobs.

That is really a matter between you and your wife - or ex-wife as you've put this into the Divorce practice area - in the first instance, and if...

I agree with Mr. Lively. The IRS moves a little slowly, but it will get in touch with you sooner rather than later because the joint return had...

My property is going to auction for failure to pay property taxes will I be held accountable for a judgment deficiency

If the two mortgages were properly included in your bankruptcy, then your personal liability on the mortgages should have been discharged. That...

If legal fees are directly tied to a particular years earnings can you modify that year’s tax returns?

You would report the legal fees as paid unless you're on the accrual basis of accounting for tax purposes (very unlikely). That means that if...

CT-DOL recently determined that I was misclassified, given 1099's. Am I entitled for a portion of the taxes they didn't pay?

Generally speaking, the tax results should be more or less similar. The income tax would increase slightly because you would no longer be entitled...

I assume the benefits were awarded as part of the divorce decree. I believe that the amounts you receive should not count as "wages" earned during...