Before the IRS "takes" money from an account or levies on other property, they are required to send a letter advising you of their intention to...

The bank will have to report to the IRS cash deposits of $10,000 or more, or in related transactions of $10,000 or more. Your personal information...

You can file any unfiled returns at any time. However, in order to obtain a refund of over paid taxes the claim for refund must be received within...

Since you filed your return as married filing jointly, the IRS sends the notice to each spouse. You only pay once even though there are two notices.

Whether or not you will have to pay taxes upon the sale of your home depends on several factors: the amount you received on the sale, whether there...

Whether you will have to pay capital gains on the sale of your primary residence depends on whether you qualify for the exclusion from the sale of...

When a creditor releases a debtor from any portion of the debt owed, the forgiven portion is income for federal income tax purposes. When you...

The IRS is not your friend. The IRS does not represent your interests. The IRS cannot provide you legal advice. The IRS has its own attorneys and...

You cannot claim a Florida homestead exemption until you are a resident of Florida. You can buy the home now and apply for homestead when you...

Simply adding a person to your home's title constitutes a transfer and has various negative implications. It is not recommended as doing so has...