PRIVACY ACT

Transcripts are super easy to get by calling the IRS or by getting them online. There really is no need to use FOIA unless you are getting...

What is the minimum annual cost for a C Corp and what is the best state to incorporate in? I'm in real estate.

CA has high fees and taxes but if you are going to be operating your business in that state, that is the cost of doing business there. You will...

It shouldn't be taxable, but it depending on education deductions and credits. You may want to use a CPA or accountant this year and not just a...

My dad is foreigner but wants to sell his house in Los Angeles at lower taxes?

I agree that a lot of these questions are too complex to answer here as there are a lot more facts and factors need to render a proper opinion. ...

How is equity determined when dividing property?

This should be negotiated with your family law attorney. It should be done by true fair market value and you should get her to agree to splitting...

How do I know if my tax return was approved?

You can call the IRS and look up the appropriate number online at Irs.gov. The individual line is 800-829-1040 and the out of country line is...

Can I sue for money a tax preparer didn't follow through on with the IRS ?

You technically could but the question is whether or not the juice is worth the squeeze. Also, why are you waiting 3 years? The statute of...

I got IRS tax summons. What should I do?

You should hire an attorney and that attorney can have a look at your returns and transcripts and figure out what is going on, if the liability is...

Can I claim my brother 47 w/down syndrome who lives w/ us on our taxes, if he receives SSI benefits an I m his representative?

You can likely claim him as a dependent if he lives with you more than 6 months of the year and you provide more than half of his support. Please...

Inheritance is not considered income to US persons. As far as other reporting requirements are concerned, it will depend on how the assets are...