As an employer, will we be penalized for not deducting taxes from an employees paycheck?

Are you taking over/buying the business? Or are you just handling the payroll. If you are a responsible party, you could easily become personally...

Should I wait to claim a life insurance policy until after I settle with the IRS for my husbands back taxes that we jointly file

There isn't enough information. If you filed joint returns, then the tax liability is also yours. If he filed separate returns or returns from...

You can file married filing separately or file married filing jointly and file an injured spouse form with it.

Are wage settlements double taxed even though they were already taxed on a 1099 before the wage dispute?

This doesn't sound correct. Usually with a wage settlement, the employer will issue a W-2 for the portion of lost wages (with withholdings) and a...

What is the most appropriate way to divide my tax refund?

Each of you are entitled to 100% of the refund. But the refund you are getting is as a result of your tax withholdings and you caring for the...

What should i do in this situation ?

This is not a tax question but you can still file to remove your conditions when it is time even if you get a divorce. Discuss the situation with...

Can I transfer weekly $10,000 for a month from my own country to the USA and invest in Bitcoin on Chinese exchange?

Yes, you would need to file a tax return and it would get complicated due to how bitcoin is treated. It could also affect your visa status...

The Texas bankruptcy didn't contact us for over two months. But we gist found out he file with the IRS to take our tax return?

You need a bankruptcy attorney. The tax refund may be exempt from being considered a collectable asset depending on the circumstances. If it is a...

Can I file my taxes while I am out of country for a while?

Yes, you can have someone file your taxes for you, preferably a tax expert, and you would sign an authorization form allowing them to e-file the...

Who can claim a child as a dependant if custody is switched?

The IRS rule is whoever has the child more than 50% of the time and provides more than 50% of the child's support, unless a court order states...