The IRS requirements for claiming a dependent are as follows: 1. The person can't be your qualifying child or the qualifying child of any other...

Why mortgage modifications adjusted added amount to a mortgage is not recorded on any IRS form the bank?

The 1098 only reports to the IRS the actual interest paid to the bank during the year. The closing statement, on the other hand, will show the...

What should i do if the amendment tax has not been received electronically for more than 3 weeks?

It can take several weeks for a return to be processed. According to a recent consultation I had with the IRS it is currently taking them 16 weeks...

It might say "processing date" Truthfully this is not something you should be doing yourself

What does et al mean?

Et al means "and others" You may want to consult an attorney to review your deed

Will not filing taxes affects my marriage based petition?

This question is best answered by an immigration attorney

Is it legal to charge taxes on s.s. tax?

Once you retire and begin receiving your social security, these distributions are considered income. You may be subject to income tax on the social...

Am I eligible for green card immigration process through employment ?

This is an immigration question and not a tax question.

Can I claim a Tax Deduction for my Health Insurance?

Health insurance can be deducted under two circumstances: itemized deduction under Schedule A or as an adjustment to gross income if you are...

Should I form an LLC now because of new tax laws?

In my opinion you should sit with a knowledgeable tax professional who can explain the effect of the new tax law and what is best for you and your...