What should I do if someone is using an EIN under my SSN and another responsible party name?

If the EIN should become delinquent in their tax obligations the IRS will come looking for you since your SSN is the one that applied for the EIN...

The short answer is no, you don't have to. If you don't then you are subject to backup withholding on your distributions. Since the trustee does...

My husband and I have an informal marriage license. My biological minor children live with us, can he claim them as dependents?

Yes, if they are his step children than he can claim them as if they were natural born children. If you file a joint return then they certainly can...

Cancellation of debt is income. Whether it is taxable is another question. and depends on your facts and circumstances.

Because a separate form is filed along with the deed.

If I change my mind and decide to not sell a property but already signed paperworks with a realtor, am I allowed to do that?

You have a contract with the realtor that governs the terms. You should refer to the contract and also discuss this with the realtor. If you can't...

On a non injury settlement do lawyers get contingent % on full amount of settlement or contingent % after you pay taxes?

You should have a contract to refer to but I would say the contingent fee is based on the gross settlement amount. The taxes are your...

Often times the IRS does not have a complete understanding of the facts when the give you their advice. From a practical standpoint the settlement...

My daughter and I both received a notice from the IRS that Chase cancelled her student loan debt for which I co-signed?

Whether you received the 1099 or not is not the issue. It was reported to the IRS. If you don't address this you will have big IRS problems. If...

Can parents give me real estate with Federal Tax Liens attached to it?

The liens are "self releasing" which means the IRS does not automatically file releases. They will if you ask them to. This is from the IRS...