Do I have to pay an inheritance tax on $5,000.? State or federal?
There is no federal inheritance tax but you may be subject to PA inheritance tax. Need more facts.
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Tax Fraud & Tax Evasion
There is no federal inheritance tax but you may be subject to PA inheritance tax. Need more facts.
They can do what they want, whether the 1099-C is valid is another issue. IRS will presume it valid until you prove otherwise.
You need to hire a business attorney to shut down the partnership. It is a partnership and I don't know if you have the ability to act unilaterally.
You have to be careful. transferring assets out of his name before resolving tax issues can be considered tax evasion for which you would both be...
If the independent contractor won't complete the W-9 then you need to withhold 24% from what you pay her. www.irs.gov/taxtopics/tc307
Those RRB- 1099 and RRB-1099-R are complex. If you were a railroad worker, you didn’t participate in the Social Security program. Instead, you...
You don't need a power of attorney to claim someone on your taxes. If you are married you can file as married filing joint.
This is certainly an interesting question. You may want to ask wage and hour attorneys.
There is a federal statute that allows you to sue for and recover damages against persons or businesses that file false information documents with...
If you get audited you will have to explain the source of the money and why it is not taxable. At the very least you should open a 2nd account for...