Am I allowed to deduct renovation expenses of a rental property off my income tax if it's not finished or rented in 2018?

I agree, this is a situation that requires a closer analysis of the expenditures involved. The general rule is that repairs are deductible when...

Can you get IRS liens removed from property if they are my ex and I have quit deed?

If the liens were placed on your ex before or during his ownership of the house then those liens will stay attached after his name comes off the deed.

Income Taxes?

If you receive cash and your employer is not going to give you a W-2, you can report it as Schedule C business income and when you pay the self...

Do we need a lawyer at this point

If the collection statute is coming up then they will try and collect as much as possible. I suggest a professionally prepared for 433 Collection...

Can I deduct fees on my taxes for debt relief program. ?

No, it is not deductible for individuals

Is Plasma Donation a Taxable Income or not?

It is taxable as misc. income. If you itemize your deductions and donate the money back to the plasma center it may be deductible as a charitable...

Do I claim my daughter for tax purposes in 2019 if the court order states the Mother will claim on odd years?

There are many different qualifying circumstances for the different tax benefits children provide. Go to IRS .gov and search for publication 17....

Once you have elected S corp status then you remain an S corp unless one of the new shareholders make you ineligible. The K-1s prepared as part of...

The bank will attach the levy to any accounts that are associated with the TIN on the levy notice. Same with brokerage firms and tax liens. Rather...

Under IRS regs 1.121-1 Single member LLC can qualify as ownership to meet the 2 out of 5 year test. if this is affected that is impacted by the...