The basic answer is no. Sometimes the tax hit can be spread out over several years if the buyer will be paying the purchase price over several...

Your question is a little unclear: are you asking about the exclusion for gain from the sale of your house under the federal income tax? If you...

Can a CPA that I used in the past prepare my taxes and charge me without my consent?

I will only add to the good advice from the other attorneys this: you should also consider filing a complaint with the IRS about this CPA. If the...

How much will the IRS take in taxes if I get a settelment from my former employer?

Assuming that the settlement would be for wages - i.e., the pay you would have earned if they hadn't wrongfully terminated you - then the former...

Should we allow home reassessor in our house for assessing out property taxes

In terms of the property tax issue, it really depends on whether you've done substantial renovations to the inside of the house in recent years or...

Back tax returns from over 10 years ago - missing reported income to Social Security

Have you contacted your employer from the time in question? They might be able to provide you with records and/or statements that reflect what you...

Chapter 7 file and tax returns

In your case, if you have already filed a bankruptcy petition those taxes cannot be discharged because the return had to have been filed at least...

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I am retiring soon and want to sell my rental property so I can pay down my mortgage. Will I be paying a lot of taxes or

Unfortunately there is no way to answer your question without knowing a lot more of the facts and details of your circumstances. As a very general...

When dealing with IRS, can amount owed be increased during the petition artibration?

Unfortunately it's not possible to give you a good answer because the case you describe appears to be complicated and answering your question will...

Can I file Chapter 7 Bankruptcy if all of my debt is Federal Tax Debt?

The short answer is "maybe." The means test applies to debtors whose debts are primarily consumer debts. Many courts have held that income tax...