Father wishes to Quit Claim a rental property to daughter. What tax implications will there be for daughter when she sells?
Brad's answer
|
Answered on February 26, 2014
If the daughter doesn't pay anything in return for the property, then in reality it doesn't matter if the quitclaim deed has a price listed on it. ...
Selected as the best answer
Archived
If married couple filed tax jointly and the other one owes taxes,
then when they decided to pay tax separately
Brad's answer
|
Answered on February 25, 2014
Whenever you file a joint return, your joint income and expenses are reported so as to arrive at your tax liability. As such, the tax is jointly...
Archived
I have no connection to my husband’s debts, am I still responsible and have to pay?
Brad's answer
|
Answered on February 25, 2014
If you had no knowledge that he filed a joint tax return, then you may be eligible for innocent spouse relief. I would speak with the I.R.S....
Archived
MY mom needs help with IRS to see what happened
Brad's answer
|
Answered on February 25, 2014
Based on the comments that you left on another answer, it appears that the issue is in relation to someone else filing a return in 2010 under your...
Archived
Victim of identity theft - someone filed taxes with my SS. What can I do?
Brad's answer
|
Answered on February 25, 2014
If the I.R.S. has informed you that someone has fraudulently used your social security number, then you need to file a Form 14039, also known as an...
Archived
Is there a legal way for 1 spouse to get a refund without the other knowing it when filing taxes jointly?
Brad's answer
|
Answered on February 25, 2014
If a joint return was filed, then the check would have been issued in both spouses' names. It's possible that the check was then deposited into a...
Can I sue my ex and her parents for claiming my kids on there income tax refund for fraud.
Brad's answer
|
Answered on February 25, 2014
Because you are paying child support, I am assuming that the children do not live with you. Child support is generally paid to the parent who is...
Archived
High charges on tax loans, tax prep fees and charging to cash tax refund checks. Is this legal? If not who do I report this to??
Brad's answer
|
Answered on February 25, 2014
Generally speaking, a check that is made out to the taxpayer should not be able to be deposited to any bank account other than an account in that...
Archived
I am considering selling some comic books I received from a family member several years ago. How can I limit taxes?
Brad's answer
|
Answered on February 25, 2014
Because you are selling an asset that you have owned for several years, you may be liable for taxes owed on the capital gain from the sale. ...
Archived
Would federal tax liens against my employer affect his EIN and prevent me from filing my tax returns?
Brad's answer
|
Answered on February 21, 2014
A lien should not affect the existence or viability of an EIN. Your employer is allowed to continue using the same EIN even if a lien is filed...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained