When you have 100% legal custody but 50 / 50 physical custody who claims taxes ?

The final divorce decree should state who claims the child as a dependent. Andrew B. Gordon, Esq., CPA www.GordonLawLtd.com (847) 580-1279

I want to create a entertainment company, what steps should I take? Would I pay a-lot of taxes if I had 2 companies?

You should hire an attorney to help you assess the most efficient and advantageous business structure not only for tax purposes, but also for...

To hire an accountant or a tax lawyer or an enrolled agent?

1. As the other attorneys have stated, it is very unlikely that the IRS will schedule a meeting on a Saturday. However, there is no necessity for...

How do I file taxes if I am legally married but not living together since February last year?

You should file married filing separately. Although MFS status may provide less options for deductions, it will isolate your liability to your tax...

Any exceptions to IRS publication 556 for limit on time to request refund (specifically where the error was due to IRS glitch)?

Yes it is still possible to file suit for your refund. You may be able to file suit in Federal Court for payment of the incorrectly withheld...

How do I correct a mistake on a tax return?

You should consult a tax attorney or CPA to help you determine if the filed tax return is incorrect. Then, if its incorrect have the return...

You will have to amend your tax return. As stated, use a Form 1040X. Best of luck! Andrew B. Gordon, Esq., CPA www.GordonLawLtd.com

Does irs always say why they reject your submitted tax return?

What do you mean by rejected? The E-file did not go through? Or they sent you a notice of deficiency and proposed changes? Please give us some...

Do i need to file my taxes as married but filing separately or single, since i was at december 31, 2012?

You were single as of 12/31/2012? Then you must file as single.

I would like to know guidelines in filing income tax after a home foreclosure. Are there taxes I will be responsible for?

A 1099-C will likely be given on any forgiven balance. The IRS has allowed the debt forgiveness to be exempt from income tax in certain...