Legal right to a tax refund?

The answer rests in the language of your divorce decree or settlement agreement. Read this over carefully and consult with your divorce attorney...

The real question is what is your true liability. If you in fact owe $4,300 in taxes, then regardless of their error you are liable for that...

If we claim my father as a dependent on taxes are we liable for his debt/expenses when he can't pay and when he passes away?

Generally, claiming him as a dependent does not make you liable for his debts. What makes you liable is if you co-sign or guarantee any of this...

Investevent Retirement Account

Generally, if this is a regular IRA, and not a Roth IRA, you will pay income taxes as you receive the distributions from the account. Usually, it...

Our tax preparer made a mistake. What can we do?

You should demand that she file an amended return, a Form 1040X, to correct her errors. If she was to blame she should do it without charge. If...

Timing of gifts for tax purposes

First the annual donee exclusion is $13,000 not $12,000. Second, it is an annual gift, so you can give $13,000 to each of your sisters anytime in...

Will the IRS take my refund if they are already garnishing my wages?

The IRS will probably take the refund, especially if you are already in the system with wages being garnished. They usually attempt all means...

You can give him $13,000 plus if you are married your wife can join in the gift for a like amount. So you can give him $26,000 annually. If you...

Where do we begin? We thought this was being handled, and now are so lost.

She needs to hire an estates attorney to represent her interests. It should be a PA attorney who can ask the right questions and demand...

Tax requirements for estate

No, generally, you get a step up in basis to the date of death for purposes of calculating gain. So if the house was valued at date of death at...