International college student receives $35,000 in 2013 from student's mother. Have to pay taxes?

The $35,000 transfer would be considered a gift according to the Internal Revenue Service. A gift is "a transfer of property (including money), or...

I am US Citizen, wife denied her I-485, she is from a country at war and we just had our first baby. What can be done?

The Charlotte School of Law has an Immigration Clinic that may be able to assist you with an appeal of the USCIS decision but you must act...

My husband formed an LLC 15 years ago (we're married for 25 years in Virginia). We filed separate tax returns for 3 yrs after.

Virginia is an Equitable Distribution State. This means all assets of the marriage are taken into consideration by the court when dividing the...

What can I do if my tax refund is taken despite filing form 8739 claiming injured spouse status?

Did you mark "Injured Spouse" on the filed Joint Return and properly attach form 8379 in the correct order? This can cause delays in the...

I am single and have a life insurance policy for 25000. Would that be tax exempt if I left it to my daughter.

Insurance policies, if directed to a specific beneficiary and not to the estate, are not included in the estate of the decedent and therefore not...

How can I claim kids on my taxes? Can I claim kids without penalty from I rs?

For income tax purposes, the custodial parent is the person with whom the qualifying child in question lives with the greater number of nights...

I am listed as a joint owner on several of my father's checking/saving accounts. Will I be subject to any inheritance/gift tax?

The estate pays an inheritance tax not the beneficiaries as does the person giving the gift not the one receiving the gift and then only the amount...

An H1B Visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations. My colleague is correct whether...

Do I need a tax i.d. to photograph a few clients? I'm not licensed. New to photography.

Congratulations on your graduation. You must pay income tax on all income received, although there is a minimum amount before you have a federal...

I received pension from my husband who passed away. I was in Colorado for less than 6 months, do I still need to pay income tax

You must pay tax in any state and city where you lived and received income. You must also file and pay your federal income tax regardless of...