What steps do I need to take to prevent my ex from claiming our child on his taxes in my tax year?

The I.R.S. is not bound by the divorce decree, you and our ex-husband are. Most likely, you will need to go back to the divorce court, tell them...

If a person wins less than $600.00 in gambling is the casino required to give the person

I don't know what the threshold amount is for a W-2G to be issued, or for income to be withheld. A $600 gambling win is not likely to significantly...

Does a federal tax lien attach to the proceeds from a decedent's retirement account?

Generally speaking, yes, a tax lien attaches to all of the subject taxpayer's property rights, including rights to funds in a retirement account.

I haven't filed my 2014 taxes. What forms should I use to file 2014 taxes (Federal, CA and NY)?

If you want to file your 2014 federal taxes, use the 2014 form (a link to the form and the instructions are below). I imagine CA and NY would want...

What kind of company could we open without paying all our profit in taxes?

For the purposes of Federal Income Taxes, a business is only taxed on its net profits. Here is an overly simple illustration: Suppose the...

Would I then be able to claim both kids on my tax return?

Filing bankruptcy does not excuse one from owing child support. Just be aware that your divorce agreement on binds you and your ex-husband, not...

What is the best way for Dad to deal with the tax on this IRA distribution ? Gift ?

In terms of structuring the deal for the best tax outcome, your father (and you) should consult a tax attorney, maybe a CPA. If your Dad takes...

Is the last year state income tax refund taxable income for the current year federal tax return?

For individuals and businesses who use the cash method of accounting, income is taxable in the year it is received, without regard for when you...

Can I report State taxes paid by joint account in 2015 as paid by me 100% if former spouse can't itemize taxes for 2015?

That is a good question for a CPA. However, you should check your divorce agreement for what it says about taxes (if anything), and you should...

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For the experts - trying to make sense of FATCA/FBAR. Is it problematic that we will LOOK like we have more $ than we do . . . ?

I recommend you make the report, even if it distorts your wealth. The main point of the laws is to know what accounts are out there. How much...