I agree with the previous answers and highly recommend that you contact an experienced bankruptcy attorney in your area to determine your next...

What is the tax exempt "gift to family" amount for 2015?

It looks like your question has already been answered. I just wanted to add that transfers to your marital spouse or to a trust in benefit of your...

Do I file Bankruptcy? What can I do?

It certainly sounds like a Chapter 7 bankruptcy would be one way to solve your problem, and it would likely be the least messy and costly. You...

My divorce was.final 2/25/14 am I entitled to any of.the 2013 tax return?

First, I would like to clarify that I do not practice in a community property state and you should consult your divorce attorney and your divorce...

Do I need report financial aid (Pell grant) and Student Loan on Tax form 2014?

Regarding your loan, a loan is considered a liability rather than income. Therefore, you do not need to report it and the IRS will not count it as...

Can they force me to sell my personal home to pay the property taxes on a corporation business?

Generally speaking, incorporating your business should have provided you with sufficient liability protection to stop tax collectors from coming...