This should be reported on your income tax return as "Other Income." Whether you get a 1099 or not, it is still taxable income to you. The good...

If IRS requests updated financial statements, -- and they might --- you will need to report it. You signed the offer under penalties of perjury,...

I'm not sure what the problem is. You can still claim a dependent on your income tax return --- if you are eligible to do that.

Health insurance premiums are deductible. However, if this is your first year as an independent contractor, I STRONGLY ADVISE you to have your...

You need to sit down with an expert probate law attorney and sort this out. The real issues here are financing issues, not tax issues. For...

Your aunt and her "friend" need to go to a real estate attorney to get this straightened out --- not a notary.

In answer to your question, NO, this is not a conflict of interest. It sounds like your father has engaged in some DIY estate planning without...

Most likely, if you invest some of the winnings you will earn enough income in interest and dividends that you would be required to pay income tax...

I concur with Mr. Cowan: you need to find a CPA who can answer these questions AND prepare your income tax returns. You should not attempt this...

No This would be considered a "gift", not a capital loss.