Tax Question: My nephew is living with us starting January of 2013. Will I be able to claim as dependent on my tax return?

Because I don't know all of the detailed facts and circumstances of your situation I cannot say with complete certainty whether or not you can...

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As a officer of a S corporation what debts are I responsible for as far as bank loans, sales tax , payroll tax.

As a general matter Mr. Cappuccio is correct; you can be held personally liable for unpaid payroll taxes, including unpaid income tax withholding...

What is the limit of monetary gits that I can receive in 2013?

There is no limit to the amount of monetary gifts you can receive - anyone who wants to give you money can give you money and, in general, you...

The answer to your specific question: can an employer refuse to issue a W2 to an employee simply because the employee owes money to the employer,...

Can they take tax return for owed money from my wife if im tax excempt

The short answer is: any refund you and your wife might otherwise get from a return you filed as married filing jointly can be taken to satisfy...

Can we sue to determine ownership of a corporation?

As Mr. Johnson advised, you must consult with competent local counsel; trying to do this yourself could result in endless headaches and result in...

Structure start-up business so it'll not be affected if I'll file bk or get garnishment (foreign friend, no ownership - ok)

As the other attorneys have stated, there are no sure ways of protecting assets from the IRS or from the bankruptcy trustee - in fact, even giving...

How does IRS check unpaid taxes?

Giving advice at second-hand is always perilous, so your friend should check with his own competent local tax adviser(s) on his case - he...

WHAT ARE THE TAX CONSEQUENCES TO A BUYER PURCHASING A SHORTSALE IN THE US FROM A MAN LIVING IN THAILAND. B OF A IS THE LIENHOLDR

The obligation to withhold money from the proceeds of the sale rests on your shoulders, not on those of the title company (technically, this is the...

The simple answer is "no." The cost basis of property must be adjusted to reflect any depreciation deductions that were allowed, without regard to...