What is the best way to get a small tax settlement, for a large amount of back taxes due?

You need to consult with a tax attorney concerning the your best choice about managing your tax debt. You should be aware: The IRS'...

Can the bank sell a foreclosed home with a federal tax lien?

The bank can sell the home with a federal tax lien. This happens frequently. Frequently, the mortgage debt exceeds the property's fair market...

Mother dying, House given to daughter. House sold what tax implications are there?

Was the house sold before or after your mother died? If sold before her death, the income tax basis for determining gain or loss would be your...

I purchased a tour from a company that filed for Chap. 7 bankruptcy before providing the tour. Is amount I paid tax deductible?

You have a non-business bad debt. You can claim the loss on as a short term capital Schedule D of your form 1040.

TOD question 2 homes in different states

You need to see an attorney to have an estate plan prepared. Your current plan assumes that you and your beneficiaries will all die in the...

Can I use a small estate affidavit to obtain small amount in deceased mothers checking account?

After all of your mother's debts have been paid for, assuming you never had any siblings, you would share the remaining amount equally with your...

I BOUGHT MY HOUSE TWO YEARS BEFORE I GOT MARRIED, I PAID ALL THE MORTGAGE AND TAXES AND INSURANCE ON THE HOUSE .

You wife has a homestead interest in the home because she is married to you and lives in the home. You will not be able to convey clear title...

The biggest challenge that the IRS faces in a fraud case is showing criminal intent to defraud the government. You now know the law and you...

I would like to ask,im owner of online store .CO.UK (Fashion cloth.)We sending packages from US to UK.

As a US taxpayer, you are required to pa US income tax on your worldwide income. As a US taxpayer, you will not have a UK income tax liability...

In New Jersey do you have to pay inheritance / estate tax if the estate is insolvent?

Did your brother have assets that were paid on death (e.g. life insurance or bank accounts) that were not probate assets? These types of assets...