What is tax, If any, for property, not the residential home, in divorce settlement, paying out the other party instead of a sale

Was the commercial property owned as tenancy in common or tenancy by the entirety? Would you receive more from him buying you out than the half of...

Can I purachase a home if I've been making monthly payments to the IRS?

This is more of a lending issue since the lender will decide on whether you are credit worthy. If you are on an installment agreement plan AND...

I was just wanting to know if you could tell me what I can Do about a Notice of Defiency, to avoid court?

A statutory notice of deficiency becomes final 90 days after it's issued and the last date to petition the tax court should be right on the notice....

If both of you didn't file the returns and he didn't file the returns, then there is no joint return filed, which means you are not liable for the...

Is there a law that states that a paragraph or something like this has to be in the final paper work? I asked for it to be remov

No. these provisions, especially tax provisions in state divorce orders, are negotiable. The person who drafted this clearly doesn't know what...

If we start making pymts on old Fed tax debts, does it negate the "forgiveness" of the 10 yr old tax debt?

When did you file the bankruptcy? If it was in 2009, 2010, it is likely that you were not able to include the tax liability since the liability...

Good Afternoon, I have a question before I go to mediation.

Hi Robin, Do not file married filing jointly returns. You do not want to be liable for his tax debt! If you have worked for yourself,...

Selling an S corp in California

Do not sell a business without retaining an attorney. There are significant tax consequences that are effected by the structure of the sale. Is...

IRS, Responsibility filing taxes jointly and separately

You would be liable for the taxes filed for the last two years if the audit results in any changes and any additional assessments. When you sign...

Can I acquire a California business with my Florida S-Corp? If yes, do I have to pay California State taxes?

Yes, your Florida corporation, I am not sure if it is a corp or an LLC, can purchase a California business but yes, you will also need to pay...