Usually only non-resident aliens are subject to backup withholding. Per the IRS, you may be subject to backup withholding under the following...

Do you owe the IRS any money? Not sure why you would have to pay them. At the time you gave money to your daughter to buy a house, was it a gift...

Some states tax income that is issued from their state or by a business in their state. It appears Indiana is one of those states, but you would...

In 2021 the maximum gift that can be made without having to file a gift tax return is $15,000.

It is generally not advisable to quit claim property as there may be anticipated negative consequences. This is something that should be discussed...

A tax attorney who handles tax defense/litigation would be able to review your situation and discuss your options with regard to the debt owed to...

The IRS will send notices asking for payment of the outstanding taxes. If the taxes are not paid the IRS will then send a notice of intent to levy...

The IRS collection statute is ten years from the date of assessment of the tax. There are instances when the running of the statute is suspended....

The property taxes will not change while you are still the owner, except of course for yearly changes made by county. Upon your death when the...

If you are trying to determine the tax effect of the sale, I think your best bet would be to have an accountant make the calculation. If, on the...