Can a bank foreclose on a property that has a federal tax lien?

Liens that attach to real property usually have priority based on when they were filed - first in time is first in right. However, certain types of...

Is it legal to file a joint tax return while the couple is legally separated?

For federal income tax purposes: You are considered unmarried for the whole year if, on the last day of your tax year, you are unmarried or...

I own rental property and had a tree fall on a neighbor's home. Am i entitled to deduct this expense on my taxes.

The loss with respect to the settlement with neighbor is not a casualty loss for you since you did not own the property that was damaged (the...

I want to know what is the tax implications of wiring in money from overseas.

Resident alien status for immigration purposes can be different from resident alien status for tax purposes. A resident alien for tax purposes is a...

Taxpayers generally do not have the standing to sue other taxpayers on the basis that they are not reporting income to the IRS. However, each...

Is there a way to declare my foreign step-son as a dependent on my tax return? My step-son is here on F1 visa.

You cannot claim a person as a dependent unless that person is a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or...

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Is failure to provide copies of your tax return considered contempt, if that direction is included in the support order?

Generally, a person's tax information is confidential and access is extremely limited pursuant to federal statute. The Internal Revenue Service is...

Wrongful tax amendment

Incorrectly filed federal income taxes can be amended for individuals using Form 1040X. Amendments are allowed for any tax year that the IRS...

I inherited a house 2 years ago. I sold it this year, needless to say less than it's worth. Will I have any type of taxes ?

For federal income taxes, selling a house generally is treated as the sale of a capital asset. A taxpayer is taxed on the amount of gain (or...

Tax debt split in divorce? Is it fraud?

Tax debts in general belong to the taxpayer who signs the return. In the case of married filing joint taxpayers, both husband and wife are liable...