May i use the forgiveness of debt as an income tax deduction ?
What you are describing is a GIFT to your Ex, which you are certainly free to make. However, unless it is a legitimate business expense --- which...
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
What you are describing is a GIFT to your Ex, which you are certainly free to make. However, unless it is a legitimate business expense --- which...
Two things. First of all, as advised by the previous two attorneys, hire a LOCAL professional to help you sort out the mess that you are in. It...
In order to claim your son on your income tax return, he must be PERMANENTLY AND TOTALLY DISABLED. It will be difficult to make this claim if he...
Strongly advise you to get a title company to handle closing on the sale --- and buy an owner's title policy. It may cost a few hundred dollars,...
It sounds like you really need to hire an expert probate law attorney. Without reviewing the will, it's hard to say for sure, but you probably...
You need to consult your local CPA. He/she can review your current income tax returns and advise you accordingly.
Nobody can answer based on the information given. Consult a local tax professional.
They would not be doing it if it were not legal. If you don't want to pay sales tax on food items, buy them at your local grocery store.
Nobody on a web site like this can advise you. You need to sit down with a local CPA or Enrolled Agent and discuss your situation. Expect to...
If the farmland is in California, then YES.