What are the tax ramifications of selling my residence AFTER my divorce?
You are divorced. You can't use your ex-wife's $250K exclusion and she can't assign it to you. The exclusion under Section 121 of the Code states...
Orlando, FL
Tax Lawyer at Orlando, FL
Practice Areas: Tax, Business
You are divorced. You can't use your ex-wife's $250K exclusion and she can't assign it to you. The exclusion under Section 121 of the Code states...
Working with an accountant is a good idea. All income is reportable, regardless of whether someone gives you a 1099 statement or not. I have had...
The installment agreement amount may be able to be renegotiated at a lower level. The interest rates are low on tax liability - about 3%. It is...
This is a complicated matter. If you are a non-US resident, FIRPTA applies and at the time of the sale, 15% will be withheld. You may qualify for...
This is a complicated matter. If you are a non-US resident, FIRPTA applies and at the time of the sale, 15% will be withheld. You may qualify for...
It depends is the correct answer. It depends on when the tax liability was assessed, what tax year the debt is for, when the returns were filed,...
You cannot change a non-profit into a for profit business down the road. When you set up a on-profit you pledge (and its in the articles of...
Contact an attorney in your area. We cannot solicit you directly and all the information you provided has been redacted. This is very serious.
Yes, your dad needs to file even if he is only on social security. I think the 1864 has a provision that states that there was no filing...
Talk to an attorney about this. This situation is very fact intensive and it depends under what circumstances you can get a refund. It also...