There are several different tests for determining whether a tax can be discharged in bankruptcy. The 240 day test is only one of them. In...

The general rule is that the income from the lottery is probably subject to income tax as it is unrelated business income of the church. Per the...

Does a beneficiary of a Life Estate Trust pay inheritance tax?

A person who inherits assets from a decedent is not subject to income tax on the inheritance. In addition, the basis of the property is the fair...

CAN I DEDUCT PAY TO PEOPLE WHO WORK FOR ME OUTSIDE THE USA ON MY INCOME TAX.

You need to provide more information. Is this a business? Why are you paying these people, i.e. what is the purpose? Generally, if you are...

Avoiding capital gains tax on second property if selling 2 properties within one year.

Per the IRS: In general, to qualify for the exclusion, you must meet both the ownership test and the use test. You are eligible for the Section...

Chapter 7 bankruptcy. Debt owed to ex wife dischargeable? Was part of marital settlement agreement but not for support.

In a Chapter 7 proceeding a debt to a spouse which is not in the nature of support but was incurred in the divorce would not be discharged. You may...

How much tax does a person pay to the IRS if all of their income received was used in their Real Estate Investment Business?

This sounds like another permutation of the two prior questions. For what reason did the person receive $30 million? If it was a gift then donor...

Closed business that is in suspension status and owe back taxes on it that I cannot pay.

What taxes are owed and to whom? If the entity owes federal employment taxes it is possible that IRS will go after the responsible person for the...

Can a person have their lawyer write a check to their non-profit organization, instead of their own name?

It seems to me that you have asked the same question in a different format. You cannot avoid paying taxes on income received in a settlement by...

If my family harrasses me in a deceitful manner because of my chapter 7 bankruptcy. Can this be considered harrassment?

How is your family harassing you? Your family can find out all it wants about your Chapter 7, except your social security number, since the filing...