What permits and taxes should i expect from my new business?

What taxes the business will owe depends on several things. 1. Income tax (federal level) depends on what entity you choose for the business. 2....

Can my wife claim our kids on as exemptions, if the live with me?

If the children lived with you more than 6 months and you provided more than 50% of their support, you are entitled to claim them. There are other...

My property is schedule for auctionby the sheriffs office in dupg county.theres a federal lien againts this property.

That all depends on priorities of liens, what exactly is being sold and the purchase price.

Should the stated income of my joint sponsor be the same on his w-2 forms and 1040 tax forms?

The income on a 1040 may or may not be the same as the income on a W-2. For example, a person filing a return who has a side business, rental...

Can I claim my child's private school expenses on my tax return if she has a documented learning disability?

You should seriously consider hiring a tax attorney to handle your audit. You should not be speaking to the IRS as they are not your friend but...

The following link may help you. https://www.irs.gov/pub/irs-pdf/fw9.pdf You can be a resident for tax purposes even if you are not a resident for...

I think I received a 1099-C. I didn't know what it was at the time and threw it away. What do I do now?

You can request that the IRS send you a wage and income transcript for the year in question. This will list all the entities from which you...

What can be the possible option when a petitioner didn't file for tax in the previous year?

She can file last year's return. Since it is late she may incur a late filing penalty. However, since penalties and interest are based on tax due,...

A 1040NR is filed by non-resident alien. Whether or not you are a resident for tax purposes is different from residency for immigration purposes....

If you change ownership of a life policy from yourself to your children is there any taxes to be paid by anyone?

I think this question is a little more involved and not really suitable to this forum. I recommend that you speak to a tax professional who can...