Instructions for the SS-4 say to use the mailing address for the business, so what you did was correct. When you report income from your...

Technically a donor is required to file a gift tax return whenever he/she makes a gift over the amount of the gift tax exemption. Suggest you...

It would certainly be wise to have written into the divorce decree how the capital gains from the sale of the house will be allocated. Bear in...

If you sell the house shortly after your mother dies, there should be no capital gains tax. In fact, if you use the services of a realtor for the...

If you are being audited, have an attorney prepare an affidavit for the donor to sign stating that they gave the money to you as a giftl

It is unclear what you are talking about --- more specific facts are needed. If IRS has a lien on the property, IRS will get its share after the...

Better to report them to the Better Business Bureau.

Under the Internal Revenue Code, you are legally required to report all payments received, unless you can prove that the payments were a gift. I...

If you are only tutoring your siblings, and you are not in the business of being a tutor, the IRS would regard your expenses as personal in nature...

S-Corp owners are required to pay themselves a "reasonable" salary, and of course all of the required payroll taxes. What is "reasonable" will...