Can I receive a tax return

The previous answers mentioned the Earned Income Credit (refundable) and the Child Tax Credit (generally nonrefundable, but with a refundable...

My husband did his taxes 2 months ago, I told him not to claim me, but he did anyway. Hes on a H1V, does that mean anything?

From a tax compliance standpoint, your husband’s visa type is only significant in that it shows that he is allowed to work in the US. Whether he...

SEP IRA Contributions Allocation

Your question has several facets. I too think that you need professional assistance to help you sort this out. I would suggest a CPA or tax...

Wrong 1099 misc refusal to reissue

As long as you provided all of the necessary information to the employer, and you report all of your income on your income tax returns, you don't...

I just learned that my wife and I owe approx $7000 federal income tax. Someone told me that there might even be a penalty. Is th

There are several penalties that could be imposed: the first to come to mind are a late payment penalty, a penalty for underpayment of estimated...

My husband and I have been separated for about 6 mo . And getting divorced . Does he have to give me half of our tax return ?

I think what you may mean is, you are expecting that when your 2012 tax return is filed, there will be a refund, and you are asking if half of it...

Is a loss in a taxable year deductible from inheritance taxes received the same year?

I agree with the other attorneys who have responded, and would add that you are confusing unrelated taxes as well as unrelated taxpayers. You seem...

Inherited IRA? Who owns the proceeds from IRA, owner assets, the Estate, or the Beneficiary? A question of timing.

As already mentioned, an initial step is to consider the terms of the agreement under which the IRA was established, both for the method utilized...

Selected as the best answer

My brother died and left his insurance policy to his daughter who is a minor. Never married her mother. Difficult breakup.

Because the named beneficiary is a minor, the terms of the life insurance policy should be reviewed to determine to whom distribution will be made....

Is there such a thing as an estate account, under an individuals name,on behalf of the estate?

An IRA on which you were named as the beneficiary on the beneficiary designation form completed by the IRA owner is not a probate asset; that is,...