Do i have to file a special tax form?
Yes, you have to report it on Schedule E of your form 1040. It is not optional. You must account for all income you receive. rent is income.
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Yes, you have to report it on Schedule E of your form 1040. It is not optional. You must account for all income you receive. rent is income.
You can do it, so your preparer was correct. Most of the time it leads to higher taxes. You are allowed to amend to married filing joint which may...
You first need to go to a real tax professional, get your taxes done so the IRS and the states can assess you the correct amount of tax. Maybe you...
Is there anything you can do, yes, don't do it again.
Owning the property in you own name will not limit the liability. Setting up a single member LLC to manage the property will most likely not shield...
If that is what they told you, then that is what you need to do. A quitclaim deed merely passes whatever interest your friend had to you. That...
2004-2009? It is too late. Normally you have three years to claim refund of taxes withheld.
Yes, the IRS issued a Revenue Ruling in 1980. On the top of the tax return, write" Being filed in accordance with Rev. Ruling 1980-8. This is...
Check with the New York State Department of Taxation and Finance to see if they have received the information from your employer for the state...
Judging from your narrative you didn't file a report so the appraisal district may have estimated the personal property value and taxed accordingly.