From what you are saying, it does sound like the accountant is being criminally investigated. But this is very serious and you will want to hire...

In my reading, it is usually the maximum value. This is highly complicated and should not be done without the assistance of an attorney. Best...

Lets say a person was considered an active participant and had 100,000 at risk and a loss of 120,000. How is this treated.

There is not enough information to answer your question. You should take this to an accountant to review your whole tax picture.

How to avoid taxes on inheritance

Is your father giving you money for inheritance from a deceased grandparent or is you father, who i still alive, giving you money? Inheritance...

How do i prove a tax that was file was not filed by me?

It will be best to contact a CA tax attorney. Use the find a lawyer tool.

My son died this year in TX.

Sorry for your loss. Go and ask the IRS if he filed. If he did not, you will be responsible for not only filing the 2014 tax year, but his final...

Do I have to file my taxes from 6 years ago. And if I don't what is the potential penalty.

you should file for those years. You can pull your wage and income transcripts from the IRS to have a return preparer create your return. If you...

If i give my daughter (not a loan) $30,000, will she have to pay tax? What rate?

I agree with Steven. If she received money as an inheritance, she will have no federal income tax consequences.

Gift Taxes

The other two attorneys are correct. You can use your annual exclusion of 56K but because split gifts are involved, you will need to file a gift...

My girlfriend has legal issues with the IRS which started in California. She now resides in Texas. If she moves to New Mexico

I agree with the other two attorneys. I will add though that she should speak to an attorney to pull and review her transcripts. She may be...