What tax consequences for heirs receiving proceeds from sale of family land in Georgia?
Your question reads like a law school exam question. The short and practical answer is this: whoever is the owner of record will receive their...
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
Your question reads like a law school exam question. The short and practical answer is this: whoever is the owner of record will receive their...
First: obtain a copy of your wage & income transcript for 2021 and find out how much income was reported to IRS by your employer, and how much tax...
When you owe tax to the IRS, the IRS has a so-called "silent lien" on you, even though it does not show up on the property. If you sell your...
I can't imagine why it would be. You need to get a good taxpayer defense attorney to represent you.
The proceeds from the sale must be apportioned between the life tenant and the remaindermen according to their various ownership interests -- the...
Nobody can answer your question because you have not yet sold the property. The rule is 2 of the preceding 5 years leading up to the sale.
IRS should be able to give you info on the account where your stimulus payment was deposited. (account #, routing #, etc.) Your preparer no...
IRS does not normally seize people's homes, but in some cases --- depending on the amount owed and the facts of the situation --- they will. Best...
If you want your business to be taxed as a sole proprietorship --- and you probably do, as that is the simplest thing to do ---- then you don't...
They want to get a judgment against you so they can extend the collections period. Strongly advise you to consult an expert taxpayer defense...