Each of you had to have self employment income. If each of you did, then you would each file a Schedule C (i.e. one for each of you). The Schedule...

Until you actually file the return, the IRS has no way of knowing that you owe any taxes. When the return is filed on October 15, the IRS will...

Yes, you may. The application will ask you the date on which company was formed. You will use the date on which you originally formed it.

What do you mean EIN paperwork? Applications for employment identification numbers are done online. See:...

Is this money a gift or will you have to pay the money back? If the money is a gift and assuming that your sister has never been a US citizen and...

The link below will provide you all the information you need to file a whistleblower claim with the IRS....

As a general rule, the basis in gifted property is the donor's basis. Since you "quit claimed" the property to him for nothing, it is considered a...

Yes, you will have to provide Air bnb your social security or employer identification number. Since you have received income from Air bnb, they are...

The transfer is part sale and part gift triggering the filing of a gift tax return. It would also "split" the basis of the property as 50%...

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The filing of a joint federal tax return makes both parties fully responsible for any taxes that are due. The law does provide relief from such...