Are there any tax implications for an estate when filing a medical malpractice suit?

If the estate is bringing the law suit on behalf of the decedent then the award would most likely go into the estate. If the suit is also being...

Travel time to rental property for accumulative hours?

The regulations do not definitively address this issue. I recommend that you consult with a tax attorney who can make a proper determination based...

How can I have the money divided between my four children via my grandson but not have my grandson have the tax burden? Thanks!

Unfortunately you cannot make your grandson give money to your children. Once you are dead and he is receiving the payments as the named...

Do I have a strong case for the company sending my W2 information to random people without ever asking me for a new address?

I believe it is your responsibility to provide current information such as address, filing status, etc.

Amending Tax Return for Schedule-C as hobby

No, I don't think you need to amend. However, it never hurts to consult a professional who can make a better determination after looking at all the...

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Seller Financing and Chapter 7 Bankruptcy. How do we, the sellers, protect ourselves during the buyer's bankruptcy filing?

She can discharge her personal liability on the loan. You may want to consider having her reaffirm the debt. He will still be personally liable on...

Did I possibly lose out on money from my refund by not deducting expenses, even though I don't have receipts?

You can amend your return to include those expenses as deductions on Schedule C. If possible try to reconstruct your expenses so that you have...

Court order states that I claim our child for taxes but my ex filed first and claimed him instead.

Your husband can amend his return and you can file your return claiming your son. If your husband will not amend and you are legally entitled to...

My question is, is there a possibility that I can get in trouble? If yes, is there a way I can pay the remainder of the tax?

There is no question that you have in essence evaded taxes. I recommend that you consult with a tax attorney in Ohio who is familiar with state and...

My secured credit card was discharged in CH7. Can the bank report BK on my credit report and also make me pay them?

If the credit card was secured then that means the collateral ($300) was securing the payment of the debt. When you did not pay the $200 owed they...