Do I need a tax attorney?

Start with a good accountant who can help you prepare your returns as well as report this transaction properly.

Tax impact on selling offshore property?

Basic answer is yes; you will pay tax on the amount of proceeds that exceeds the original cost of the property (generally speaking). You may have...

While recently at the Greenbrier Resort in West Virginia, I was hit with a hist. Preservation fund tax. Is that legal?

As I understand the matter, that isn't a tax. It is simply an additional charge they add to your bill for their historic preservation fund. The...

"Just sending out reminder rent due today and oh joy taxs are here" got this text today.

Wouldn't you know if you were renting or not? Beyond that, there is no way to say what the sender meant when she/he texted that statement.

If I didnt earn enough income to warrant filing taxes over the last 2 years, what do i attach to my I &E?

It would look odd if the IRS had any reason to think that was incorrect. The IRS does not generally check filing status against state marriage...

You are going to have to consult with a real estate attorney who can go over all the facts with you and advise you on that basis. The problem that...

Based solely on your description it sounds as if your settlement is nontaxable (because paid on account of physical injuries). The precise terms...

Selected as the best answer

Is my husband commit a fraud by filling his tax return as single while he is married?

Not really. Fraud generally requires some affirmative act of concealment; simply using the wrong filing status is not fraud. It's certainly a...

Can a grocery store sell food products that contain beer or alcohol in New York?

I'd love to see some detailed research; however, since alcohol boils at about 78 degrees, there is almost certainly no significant amount of...

In NY is it legal for an employer to pay travel expense as cash instead of a salary increase?

In a word? Yes, it's legal. In fact, from the point of view of both of you, it gives you a better record of payment and receipt than does cash.