I know I need to sign the Irs form 8332 releasing my right to claim my son. What else should I do to insure I really get paid?

Can one really ever insure that they will be paid what is due them?? This is an agreement between the two of you. It has nothing to do with the...

Will federal taxes need to be filed for a company in above described situation?

I always recommend to clients that all returns which are due be filed, even if it is all zeroes. You can mark the return as "final". This way the...

Can I call the IRS and ask them to release my tax lien since the money owed is more than 10 years old?

Liens are self releasing. However, you can request a release of lien from the irs and record it in the public records. Assuming that liens have...

Can i sue him with this issue

Sue him?? What did divorce decree say? Where does the child live? Who provides more than 50% of the child's support? These are only several of the...

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...