As a general rule, it is better to have fewer people on the car title, because if there were an accident, the victim could potentially sue both of...

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Agree with Mr. Hansen. The IRS cannot file a lien against you personally for your son's income tax debt. However, they have been known to place...

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Agree with the previous two responses. Lucky for you, we still have a basis step-up for inherited property. Of course, all that may change if...

Is it Possible to defer property tax or pay property tax with donations?

Your scheme sounds totally crazy! Instead of donating your inherited assets to charity, you should try to sell them in order to raise the amount...

Agree with Attorney Huddleston. This sounds like a mess. The younger siblings can try to fight this in court, in which case they will have to...

Tax Advise ? I won a small a jackpot and had the casino collect the taxes already . A

Yes, you should declare the winnings on your income tax return, as well as the taxes withheld by the casino. If you are unsure how to do this,...

You may very well hear from IRS concerning the letter that you sent. But if you do not get this matter resolved by May 15, you should file a...

If tax is incorrectly paid to the wrong state, then you can correct that issue when you file your income tax return for 2021.

Sale of house issues?

If you sell the house for more than $250,000, you will need to be able to show that your gain on the sale was less than $250,000: otherwise the...

Can I settle an overpayment ?

Your question makes no sense. If you have an overpayment --- meaning that you paid in too much tax and are due a refund --- why would you want to...