LOANED KID MONEY FOR HOUSE NOW PAYING ME BACK? Since it's not income how can I avoid the taxes for the 100k
Kaye's answer
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Answered on January 25, 2022
Is there a written note? If not, you need one. Was a mortgage lien filed on his/her house? Again, if not, one should be filed.
IRS denying mortgage interest paid in itemized deduction for 2019 tax year filing in Audit by Mail?
Kaye's answer
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Answered on January 25, 2022
Communicating with IRS has always been difficult, and in a post-Covid environment, it is next to impossible. It is very likely that your written...
Mother sold house and used that money to give monetary gifts to her adult children? Is that money taxable?
Kaye's answer
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Answered on January 25, 2022
The gifts are not taxable to the recipients. However, from a Medicaid planning perspective, it might not be the best thing for your Mother-in-law...
Do I need to include a 1099-C in my deceased father's name on my deceased mother's tax return ?
Kaye's answer
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Answered on January 25, 2022
You don't need to worry about the 1099-C if it is not in your mother's name or SS #. IRS computers match up Social Security numbers.
How do I go about responding to a citation for delinquent property taxes?
Kaye's answer
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Answered on January 25, 2022
It's probably less important HOW you respond but that you do actually respond. The two of you should pool your resources and hire a real estate...
What if I work for about 3-5 month can I still fill the federal income tax return? Every month I make about $1,700.. please
Kaye's answer
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Answered on January 24, 2022
You need professional assistance. It is not clear from your question whether you can be claimed as a dependent on someone else's return ---...
Is it legal in Michigan for the lawyer doing your will and trust to also be a witness on the documents and also notarize it?
Kaye's answer
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Answered on January 24, 2022
This is the standard practice in Ohio.
If a film production company pays someone for their story and appearance in a film, is the payment taxable?
Kaye's answer
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Answered on January 24, 2022
Royalties are taxable income regardless of whether a 1099 is issued.
We own a 30 year commercial gross lease but we failed to bill them annually for increased operating expenses?
Kaye's answer
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Answered on January 23, 2022
This is not a tax law question. I am changing the category of your question to "Landlord & Tenant" so you will get more responses.
What happens if there are unpaid property taxes on a home that has zero mortgage in PA?
Kaye's answer
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Answered on January 23, 2022
I'm sure you can work something out with your local property tax assessor. Fortunately, right now companies are crying for workers, so it should...
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