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.

What returns? California or federal? I am not licensed to practice in California and therefore render no opinion with regard to state law...

How do I deduct 100% of the amount I pay for COBRA from my income?

If you are paying $600 a month for your health insurance these premiums are considered a medical expense which is deductible as an itemized...

Can I claim him as a dependent on my fed. taxes and, if I do, will I be responsible for any legal debts he may acquire (lawsuit)

If you are providing more than 50% of your son's support you may claim him as a dependent as it appears from your facts that he meets all other...

Should I report cancellation of debt even with no 1099-C received? I'm insolvent now, but I will not be if 1099-C comes later.

I can see your point of view. Personally though I would side with the accountant and wait until I received notification as to date on which the...

Spousal support

Alimony is income to the spouse that receives it and a deduction to the spouse that pays it.