http://www.law.cornell.edu/uscode/text/26/1041 No gain is recognized on transfers between spouses, or if a transfer is incident to divorce. A...

I hired a contractor for some construction, but he disappeared after he cashed my check.

Definitely write him a demand letter - you never know, maybe he ran out of toilet paper (make sure you use 100% cotton paper that's super-soft for...

Like dogs, horses are also personal property. In the world of horses, there are "farms" and there are "racing stables." Racing stables wait an...

I'm divorcing my husband and have lived separate since June 2014...when we file taxes this year should it be jointly?

Did you ever watch television where some guy wearing blue says something like, "Anything you say can and will be used against you in a court of...

If i marry my boyfriend who is illegal and he owes child support will they take my taxes

Do you mean any potential refund? That depends on your state law there in WV, and whether or not you and your potential husband will enter into a...

Unless you elect to have the LLC taxed as a corporation, then the LLC is a flow-through entity. What kind of flow-through entity (e.g.,...

Assuming this question is serious, it raises both criminal law and tax law issues. In terms of criminal law, "prostitution" is illegal. So, to...

No. If the contract is with the LLC, then the LLC is entitled to the "rights" that contract creates, and the other party is "obligated" to the...

Since i been getting ssi income for the year do i have to file taxes on it even i don't make any other income

I agree with Ron. As a prophylactic measure, you should always "file" a tax return in years where you have any sort of income or transaction that...

Question related to federal criminal "actual loss vs intended loss". This is related to Short Sale. Thanks for your help!!!

To the extent that this is a tax question, and to the extent that you are a cash basis taxpayer, then a "loss" is "recognized" when it is...