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...

Taxes

If the expenses have been included in income (it should have been on your W-2) you will have to deduct the expenses on your tax return on Form 2106...

Which name do I use when filing for divorce?

You should speak to your attorney about this. If you don't have one I recommend that you use all names you have used. You can use aka (also known...

What do I need

The instructions of the form should tell you exactly what you need to include.

Most capital-efficient way to convert C-corp to passthrough tax entity?

If you were to convert to an S corporation nothing would change except its tax "status" with the IRS and state taxing authorities. You may still be...