Marry in Jan & sell my home later of same year- may I exclude $500k when file jointly & fiance lived with me for past 6 yrs?

It is right in Publication 523 that only one spouse needs to meet the ownership test and each spouse must meet the residence test. I always start...

I deposited my daughters personal injury settlement check into my checking account, will I have to pay federal taxes on it?

You have to pay tax on your taxable income and your daughter has to pay tax on her taxable income. Whether all or part of this settlement is...

My spouse and myself want to give our child $25000,

The tax is on the giver. Good news is that there is a $28,000 per reipiant annual exclusion from reporting and paying tax in 2020. A "split" gift...

If the IRS chooses to investigate it could take a year or more before they start and 2 years or so to investigate.

Should I wait to tax debt is cleared to file for divorce?

You have to file as married filing separate for the back years if you don't want to be responsible for each other's taxes and it might help the...

How do I fix this issue with my taxes ?

The law requires you to pay your taxes either through withholding or when you file your return. If you can't pay the $900.00 you can ask for a...

Where in the tax law does congress impose taxes on?

Title 26 of the United States Code is the tax code.

No they won't. Even if you were behind, they can't.

House sold due to divorce. Me 40% him60% my 1099-s states i responsible for 50%?

First of all. Does the house qualify for the exclusion from income. If so what was the gain on the sale. It may be a moot point. Second did you...

This is an ideal situation for the taxpayer advocate to handle. Many local offices don't have meetings or even anyone answering the phone. Use...