It appears that IL state sales tax would not be applicable. However, there are a lot of cities and counties that would charge sales tax on this...

If you are paying 100% of the mortgage and property taxes then you would be entitled to claim those expenses on your tax return.

If they are asking for proof, show them a copy of the settlement statement and a copy of the check received then they will change their attention...

As gifted property you would get the basis in the property that your mother has. If she passes it to you at death the basis is the market value at...

Submit Form 3949-A, Information Referral online if you suspect an individual or a business is not complying with the tax laws.

There is a legal redemption period for you to be able to get the property back after the auction. So if you have the funds from the lender you will...

While the 2 year rule is for the full capital gains exclusion you may qualify for a partial exclusion. If you do no usually have a professional...

You should have received a notice before being garnished. I would recommend contacting your payroll to get a copy of their levy notice to get more...

I agree with everything Jenny said. To add to that, even if the statute of limitations and lien expired, the IRS does not send the release to the...

You should receive a W2 and they should be withholding the social security tax before they pay you the settlement.