Can someone personally gift 1 million dollars to a business associate without tax consequences ?

I would recommend you meet with an attorney to go over the specific facts.

I owe Federal Income taxes and was just wondering if my house can get repossessed? My house is paid for.

You should meet with an attorney who can review the specific facts. However, generally the IRS does have the power to sell a personal residence,...

If a gift that exceeds the annual limit is returned, do both parties have to file a gift tax return?

It could be viewed as two gifts.

The answer is not as easy as yes or no. It does depend on several factors. Fees to attorneys are not generally deductible. Speak to an attorney...

Can an attorney who was a legal adviser for a corporation representing a faction in the corporation?

Mr. Warshaw is correct, an attorney should review these facts to determine what has happened and how to move forward.

What should the status or tax bracket be for a revocable living trust?

My colleagues are correct.

Parties agree to alternate any and all tax credits for minor child with mother taking credit in even years and father in odd..

There is a lot going on here, it would be best to meet with someone who can review the agreement to determine what you may and may not be entitled...

Form W2G for gambling winnings and taxes? How much should be taken out?

Because you are not a US citizen they are required to withhold 30%. This amount may be refunded if you file a tax return and show you are entitled...

Can I use a picture of Cinderella and Belle on an invitation to a charity event?

Charities are still required to follow copyright laws.

Is it possible to negotiate away business penalties & interest with State of WI Revenue Dept?

You can negotiate with the state. Also, I would examine the situation and look at each person's roles and responsibility to determine if you may...

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