Do i have to report a cash transaction on taxes if it was an inheritance?

Since the boat was inherited it is not include as income since no income tax is paid on inheritances. When you inherited the boat the basis of the...

Who claims child on taxes?

In order to claim exemption for the child you have to meet certain tests. I am going to assume that the child is under 19/24, Is not married and...

Does inheriting a home (not selling) in NY affect your income on your 1040?

Property you receive as an inheritance is not income and therefore not subject to income tax. Since you say you have not rented out the home there...

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Under Florida Statute refund resulting from earned income credit is exempt. This is in addition to the $1000 personal property exemption. However,...

I received a 1099 that I believe I shouldn't have. What do I do about it?

It is possible that the expenses could offset the income, but it all depends. Casualty losses are itemized deductions. I recommend that you contact...

If preparing 1040 for deceased, can you file 1310 separately later?

If the probate proceeding has commenced and you are waiting for the appointment of the personal representative AND you are sure that the decedent...

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Do I even have to give him half of my tax? For child school credit?

In order to claim exemption for the child you have to meet certain tests. I am going to assume that the child is under 19/24, Is not married and...

Am I legally obligated to let the father of my son claim him on her taxes if he only has him 6 days out of the month?

Generally the custodial parent gets to claim the exemption. Of course you need to provide more than 50% of the support, your child is not...

You can calculate the portion of the refund that would have been allocated to you and ask him to give you that much. You would not necessarily be...

Can I stop making mortgage payments after chapter 7 without it messing with my credit and how long before foreclosure?

Well your credit has already been affected by your bankruptcy. Not reaffirming the mortgage means that if you walk away you will not be personally...