How do I add my name to my Moms deed or should I have it transferrd completely & be resp. for taxes

The transfer of 50% of the house to you constitutes a gift. Since I imagine that the 50% is worth more than $14,000 your mother will have to file a...

What is maximum $ that can be gifted without being considered income? Does the gift have to be claimed for Obamacare?

A gift is never considered income. Therefore, it could be $1 or $1 million, if it is truly a gift it is not income. The donor of the gift is...

Is there a problem for the IRS if my family gives me cash and I deposit in bank in small chunks less than $2000?

The specific requirements for cash reporting are as follows: Each person engaged in a trade or business who, in the course of that trade or...

Do I have to amend 1040 Tax Form of 2014 even if corrections on income do not change at all the tax due?

My recommendation would be to amend the return. If there will be no tax effect why not do it. If you underreported the income the return may be...

I looked through web searches and did not find such an info. Thank you so much!

The clerk of the bankruptcy court may have the addresses to be used for these types of entities. However, I strongly recommend that you hire an...

Changing exemptions post-creditor's meeting; Which tax assessment to use.

The tax assessor's office may not reflect the actual fair market value of the property. The best way to determine value would be to get an...

Do I need a CPA to achieve the goals? Will I be audited into oblivion popping up and filing taxes?

The Panama Papers is all I can say about your goal of anonymity. You might want to reconsider anything that even smacks of hiding your entity. If...

Does my income reflected in receipts and a ledger have to be supported by bank deposits?

Hire an attorney would be my first recommendation. If you have a right under Maryland tax laws to appeal the agent's findings do not accept the...

How can my grandmother get her name on the home information? Taxes, deed, etc

There are a lot of unanswered questions...was the home owned jointly, was there a probate estate opened, etc. I highly recommend that you speak to...

If you do not reaffirm the debt it means that if the property were ever foreclosed upon and it sold for less than what was owed (deficiency) you...