Someone sent in a 3949-A to report my side business which makes about $25k/yr. I did not report it bc its a cash business

I believe there is a great possibility that the Intelligence branch as well as the Audit branch of the IRS will investigate you, and I recommend...

Tax preparer falsified tax information

I recommend you employ a CPA promptly. The CPA may recommend you also employ a tax attorney which you, of course, should do if the CPA recommends....

Do we claim money we received from my husbands fathers life insurance if we weren't the beneficiary.

This sounds as if the ex-wife made a gift of part of the life ins proceeds. If any of the recipients received more than the annual donee...

I do not believe he has the right to deny you your W2, but I also believe you should call your employer in an effort to resolve this matter...

It is my belief that the creditors cannot the life insurance, pension or 401 benefits. I advise you to contact an Il. estate attorney , This for...

I worked 12/14/14 to 12/27/14 but got paid 1/2/15. Emp won't give me a w2

I agree with your employer-it is my belief that the 2015 W2 should reflect the payment made to you in 2015. This is for informational purposes...

My late father's house was appraised for $135,000. It was sold for $90,000. Will I have to pay taxes on my portion of $30,000?

I am not clear as to what you are asking. First, if the house was appraised for $135,000 and was reported for estate purposes as such. The tax...

If my employer gives me 20% of the company for my efforts in the business, does he have to pay a gift tax ?

This appears to be a transfer of a capital interest which would result in taxable income to you. You should consult a local tax attorney. This is...

If my boss gifts me 20 units/shares of his llc, do I have to pay taxes on the actual value of the 20% he is giving me?

This sounds to me to be a transfer of a capital interest and will likely constitute taxable income to you (probably treated by the IRS as...

I loaned money to a friend - 1. to buy a truck 2. used my credit card which is in his name to buy Materials for his jobs (he is

Repayment of the principal your friend borrowed from you is not income. If he paid interest to you, that would be income. If he only paid you the...