Technically, NO. However, as a practical matter, I encourage my Executors to hit the ground running with respect to the home sale process and to...

Never a good idea to run someone else's income or earnings through your own account. Tell your friend to find some other way that does not...

I agree with Mr. Cowan. Fifty dollars is de minimis. No need to report, especially as she does not intend to do this in the future. If she...

I concur with Mr. Cowan: in order to avoid issues later on your husband should deposit the check into his own account. You should also try to...

Your big problem now is dealing with IRS. Think about suing AFTER your IRS problem is resolved. Hire a CPA or tax attorney to deal with IRS. ...

Anybody starting a business needs three things: (1) a good CPA; (2) a good tax/business attorney; (3) a bookkeeper so that the books & records are...

If you allow your daughter to inherit the house after you die, she will get a basis step-up, which will reduce the amount of capital gains tax that...

Yes. Be sure to track your business mileage accurately ---- I recommend using a mileage app.

This is not a tax law question. I'm changing the category to "Medicaid & Medicare".

Your top priority right now is to find a good tax professional to represent you in the audit. He/she can point out the mistake in the course of...