Bought a bagel store, am i liable for the back taxes?

Businesses can be acquired in one of two ways: 1. An asset purchase - the assets of a business are bought but not the business entity itself....

My ex-h has a large federal tax lien on his SS #. our divorce was final within last few months. Our house is up for sale, both

A Federal Tax Lien, once attached to a certain piece of property, stays attached to that property until the lien is (1) released, (2) discharged...

What should happen if i did not filed my wife IRS 2 yrs?

Failure to timely file tax returns and timely pay tax owed can result in serious consequences. A failure to file can result in the IRS preparing a...

If you operate a business, you will be required to pay all applicable federal, state, and local taxes. These include but are not limited to income...

In 2008, I was court ordered to pay mortgage assistance. Should that be added to spousal assistance and tax deducted?

Whether or not mortgage assistance counts as alimony deductible by the payor and includable as income by the payee depends on who owns the house...

Can my ex and I file married jointly after divorce?

Only the last day of the year matters. You can be married or single for the other 364 days of the year, but your filing status is determined on the...

Can I write off a laptop on my taxes?

Normally, property acquired for use in a trade or business is depreciated over its expected lifetime. That means you can only deduct a portion of...