Owning a business with a tax lien

If you are current in your payments, you will not likely have problems. If, however, you fail to stay current, the IRS will likely levy a levy on...

Does the Executor of a large estate need to file a tax return for state & federal? 1st year only or multiple?

I agree with the other attorneys who recommend you seek an attorney to assist you in this matter. I also recommend you employ a CPA to file the...

Do all social clubs need to be register to be recognized as a social club?

I recommend you seek tax exempt status under Section 501(c)(7) of the IRC. If you seek to argue the club is not a business, the club will be...

I believe you have received good advice from the other attorneys. I agree that you should consult with a local attorney as soon as possible. The...

I agree with the other attorneys who believe your brother and you have taken actions which have tax consequences. First, the deed making you the...

If i won compensitory damages in a law suite against my rapist do I have to pay federal taxes on this?

I believe you need to discuss with your attorney the settlement agreement to determine how the damages are classified and then have a local CPA...

My son has decided to live with me full time. My ex doesn't seem to care. Can I claim my son on my taxes even though the

While federal law determines who can claim the child as a dependent and while all of the attorneys are relying upon an agreement between you and...

When you receive a settlement in a sex discrimination case, is the attorneys percentage or legal fees tax deductible?

I am not in total agreement with the other attorneys answering your question. I believe the settlement can be structured so as to exclude from...

If I am married but my husband is on SSI and I pay all bills is it legal to file a tax return as Head Of House hold?

I believe you have received good advice from the other attorneys who have answered your question. I agree you cannot file as HOH. I also strongly...

The facts control. For example, if there was a failure to file a required return or if there was fraud, the SOL does not run; If there was an...