The rule is that the parent who provides more than 50% of the support and where the kid lives more than 50% of the year gets to claim the child...

My fiance owes back child support but does not work, I work will they take my taxes and will they take my check?

If you file married filing jointly, then each you and your husband are entitled to 100% of the refund, so yes, the whole thing can be taken for...

Will my boyfriend have to pay gift tax for selling a house to me for under market value?

He will need to file a gift tax return, but it is unlikely that tax will need to be paid when claiming the lifetime exemption, which went up this...

Do I need to report $5000 gift from my parent in the form of crypto to the IRS?

A gift tax return is not needed for the 5K by either you or the parents. If you had .25 bitcoin at $5K, then that is your basis in the bitcoin. ...

Should a LLC withhold additional taxes (cash) on equity compensations (which is not hard cash)?

LLCs are NOT C corporations. You need to consult with a tax/corporate attorney to discuss what you are doing now and what your goals are.

I owe the IRS a significant amount of money. If i receive money in an estate settlement, will the IRS take that money?

Lots of questions here: how much do you owe and from which tax periods? The simple answer is yes, the IRS could take the share of the proceeds...

Income taxable in this situation?

I'm not clicking an unknown link either. You can post a condensed question of is income taxable and her are the basics or you can retain an...

Is reserve cash taxed at a federal income tax rate ?

Do you know what type of entity you are? I am super concerned since as an aerospace company you really need to have your tax and regulatory ducks...

Can I still claim my children as dependents when filing income tax when they have been residing with other family since August?

If the children were physically residing with you for more than half the year, then you are entitled to claim the children.

Can I use a notarized letter stating me and my wife are separated when filing for my tax returns?

If you are unmarried or considered unmarried (which you are), you can file single or head of household. a notarized statement should not be...