Up to $14,000 per year per person can be given free of gift tax. Hence, your wife's step grandmother can give you $14,000 and your wife another...

Are donation's income?

If someone gifts you a certain amount of money the gift is not income to you. However, if you are receiving large amounts of money as gifts I...

Can I sue a tax preparer if they files my taxes with out my e-signature or approval.

In addition to all other advice given contact the IRS and report him. The following link will provide information for doing...

Which court to sue the IRS?

From your facts it seems that the IRS did not have the incorrect year in their system. You claimed the purchase yourself in 2008. Without actually...

When I buy out our house from my wife, will real estates tax re-adjust based on the buy out price $1M ?

Generally a transfer as a result of divorce is not a change in ownership which triggers a readjustment of the real estate taxes. However, I...

Do we have to pay taxes in this situation ? Yes or no? And why ? Please read carefully.

If these monies are savings which have been previously taxed then they are probably not subject to taxation. There may be other requirements and my...

Personal loan tax

A loan is not income so long as it is paid back. If it is not paid back then it is considered discharge of indebtedness income.

Can I convert to chapter 7?

You should speak to your bankruptcy attorney regarding your situation. There are many things that need to be considered. This is not the proper...

How can I legally learn more information about the details of his 401K plan?

If you are in divorce proceedings consult with your attorney regarding obtaining the information. If you do not have an attorney perhaps for the...

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My partner has pleads guilty to tax evasion and judgement was not good

Appeal for mercy? There have to be grounds for appeal. Usually this means that the lower court made some mistake in the proceedings, interpretation...