Standard deductions - Who can claim the Making Work Pay and Government Retiree Credits?

This new credit has nothing to do with the standard deduction; it is a tax credit. The Making Work Pay tax credit is a new credit worth up to...

I need a Estate Lawyer's help.

Generally, pension funds allow you some options in taking out the money from these plans. You need to get a copy of the plan or summary plan...

Offer in Compromise

You would seem to be OK here. However, perhaps you may want to file returns anyway even if you are not required to do so since you failed to meet...

My husband inherited money from his mom in another state. Will income or any taxes be owed?

Generally, inheritances are not subject to income taxes. One exception to keep in mind is something called income in respect of a decedent (IRD). ...

My dad is signed his home over to his kids 5 months ago. Do we still have to pay his debt?

I am not a MA attorney, but here are some general comments. First, if a person transfers property while insolvent (debts exceed assets) or such...

You may have a problem here. If the house and car were in her name alone, then they are probate assets. In most states, creditors are entitled to...

Can I find out from the IRS if someone has claimed my children on taxes before filing my taxes?

You may have the sole right to claim the children, so you may want to consider claiming them also. Please refer to my legal guide here at Avvo by...

Do I have to pay taxes on the earnings from an inheritance apartment I have sold overseas?

As a US citizen, you are taxed on your worldwide income. Whatever the gain was outside the US you must included it as taxable income on your...

Who has the right in this situation to claim the son on taxes?

For more of the detailed tax rules in this area, please refer to my guide here at Avvo via the following link: ...

I am getting a divorce, can I legally keep the tax return that was filied jointly

If he has a good lawyer, they may insist that he receive his prorata share of the refund. From a math standpoint, the return items are broken down...