What can I do when I think the IRS still owe me some money
The best person to help you with this situation is the person who prepared your tax return. We don't have enough information to answer.
Atlanta, GA
Tax Lawyer at Atlanta, GA
Practice Areas: Tax, Business, Estate Planning
The best person to help you with this situation is the person who prepared your tax return. We don't have enough information to answer.
Ms. Lewis's answer is entirely correct. No gift tax will be due, but a return should be filed.
Whether or not you will have a tax issue is yet to be determined. You seem to be letting fear of what this admitted criminal tells you guide your...
First of all, make sure that "someone" is an attorney before taking legal advice from them. You will likely not pay anything other than the...
You very likely do owe income tax on the amount withdrawn from your 401K.
He, of course, will have to file his past due tax returns himself. Has he ever had income taxable in the U.S.?
This will require the consultation with a local real estate attorney.
You need to promptly challenge the audit, and challenge the IRS, and tell them exactly what happened. Be prepared to show them proof, on paper, of...
Mr. Howell gave an excellent answer. There is a good chance that you will owe little or nothing on the sale.
You can do this, but there is no guarantee the good thing will continue forever.