Any taxes problems if I receive 20,000?

This would be a gift to you, and as my colleague said, gifts are not taxable.

I am an heir in a will that has the estate tied up in a 20 year trust that will expire in 6 months (feb. 2014).

Once the trust ends, the assets (land) in the trust will be distributed in accordance with the terms of the trust. No attorney can tell you what...

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We live in Louisiana and have no wills. If my husband dies before me who gets our home and property we jointly own. Kids adults

If one spouse died without a will, the surviving spouse would receive his or her share of any community property (50%) outright. The remaining...

Tell your friend to contact the IRS identity theft division. There is a ton of information on irs.gov.

I work at the same job for 16 years and pay my taxes. The problem is we haven't filed taxes in ten years because I have to file

Perhaps it would be beneficial for you to file separately. You seek out a Tax Attorney immediately. Ten years is long enough to show intentional...

If my home was sold inforeclosure for more than i owed. do i get the amount over

Generally, yes. However, there will usually be other costs from the sale which must be paid. These are typically paid to the Sheriff and/or the...

We received a check in the HealthNet Class Action lawsuit. Is this money taxable??

Proceeds from a lawsuit are taxable based on the underlying damages. For example, if you sue for lost wages, the settlement amount would be...

Amending Joint return, wife will not sign and she is covered under innocent spousal relief.

Ms. Campbell has given you excellent advice. If the Revenue Ruling covers your situation, I would simply send a letter to the IRS citing the...

I want to know if it is possible to sue the IRS to the small claim court if you believe that hey did not refund you taxes as it

No. The IRS can be sued for a refund, but you will have to file in federal court, in your local district.

We found a will 26 years after my sisters death.. it is typewritten , witnessed by two people, but not notarized. is it valid

Under current law, this will is not valid. Notaries are not simply a rubber stamp under Louisiana law, rather, civil law notaries provide the...