Do I owe capital gains on this stock, or is this law still in effect?

Per the IRS: Gains on Qualified Small Business Stock This section discusses two provisions of the law that may apply to gain from the sale or...

What can I do? Even if the IRS let me make payments, I could not afford to live. I know they can take my pension and social sec

Consult a competent tax professional. Cancellation of debt is not income if you were insolvent at the time the creditor wrote the debt off. Hence...

Please advise. Thank you.

You do not know what your social security number is? How is it that you did not apply for your own social security number? If you know your...

Chapter 7 Bankruptcy Closure

Usually you will not receive anything further. I am not sure why it is so important for you to know when the court closes the case.

Income taxes; Dad and I were on title to home last year. Loan in his name only though. How can I use mortgage interest deduction

Per the IRS: If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a...

Is prepayment of back taxes considered preferential transfer?

With the amount of debt that you have I think it is in your best interest to hire a knowledgeable bankruptcy attorney. You can use the $3,000 to...

How do I get to be the legal owner of land owned by a deceased relative that I am paying the real estate taxes on?

I highly recommend that you speak to a well qualified and knowledgeable property and/or probate attorney. This is an unusual case and the age of...

Selected as the best answer

What do I need to do to pay $12000 in late IRS taxes?

Send them a check?? LOL If you are unable to pay the IRS in full you can enter into a payment agreement with them. If you are unable to make...

How will filing our taxes separately affect my situation?

There are many factors to determine who gets to claim the children as dependents. Assuming children live with you more than 6 months of the year,...

What kinds of support are taxable?

Spousal support is income to you and deducible by your spouse. Child support is not income to you and is not deductible by your spouse.