If your mother gives you the money, she may have to file a gift tax return ($14,000 is the annual donee exclusion), but she will not incur a tax...

Can we contribute to IRA for 2014? if yes how?

You can reduce your 2014 taxes by contributing to a traditional IRA before April 15, 2015. I recommend you work with a CPA in determining how much...

What is the fresh start IRS debt program? How does it work?

It is my understanding that the fresh start program is predicated on the premise that it is designed to assist taxpayers burdened with tax debts to...

How are income taxes handled for 2014. I have filed for divorce.

You can file jointly or as a married person filing separately. I suggest you and your husband contact a CPA to determine if he would be able and...

How long do I have to pay my ex husbands taxes?

If your husband and you filed joint returns, it is my belief that you are jointly liable for any taxes owing on those joint returns. This is for...

I owe back taxes for my condo. Can I borrow money to pay them on the equity of my property?

I recommend you borrow from a bank if possible so as to get a home equity mortgage which, generally, permits an interest deduction. This is for...

Did my CPA commit malpractice? Should he have known about the so-called 500 hour IRS rule and advised us of it?

I agree with one of the other attorneys who said the fight is actually between your uncle and the CPA. I wonder if the CPA really was unaware of...

My mom passed away in October of last year and I know I have to do her taxes for 2014. What information do I need to do them?

You said she only had SS benefits, but did she have any securities of any kind (i.e. bonds, certificates or deposits, stocks, etc.). I also agree...

I am trying to buy a car by selling advertising space on it. What is the best way to set it up in order to pay the least taxes?

It is my belief that advertising will not avoid your realizing taxable income, and I do not believe, from the facts presented, that you could...

Can I prevent husband to file taxes individually and pocket the refund?

Unfortunately it is my belief that he has a right to file separately. This is for informational purposes only and should not be relied upon by...