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...

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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.

Would be filling for the no fault divorce soon so is it advisable to file join tax return with my wife?

If you file as married filing jointly then you and your soon to be ex would both have to sign return and are jointly responsible for what is on the...

Can my ex-husband claim our child on his tax return, citing a previous custody agreement, if I have primary phyiscal custody?

The IRS has different guidelines depending on the date on which the agreement was entered and what it says. Otherwise, the general rule is that the...

What should the basis for depreciation be for a rental property I "bought" 50% of?

I recommend that you contact a knowledgeable tax professional. From your facts it does not appear that you "bought" anything since your mom...

A friend going through divorce spouse committed fraud with taxes and walked out first what can happen to that person??

I recommend that your friend seek out a knowledgeable tax professional. Did your friend file a joint tax return with the spouse that committed...

I recommend that you consult a knowledgeable CPA in California.