Most federal tax liens are self releasing. If you read the lien carefully, you may find that it has expired or may expire soon.

Yes, you are required to file Form 8958 if you are married and filing separately. Depending on the state, the completed Form may look different...

It is very ordinary and common for real estate partnerships to make the 754 election, although small family owned real estate partnerships often...

It is not clear from your question if Mother already has a home with a homestead exemption. In Texas, you can only have one homestead exemption for...

It appears there are some serious legal issues with your description of the situation. I suggest you consult with a tax attorney who can provide...

Yes - if you surrender your green card in 2025, you need to file a dual status (Form 1040 with Form 1040-NR) and include the period in 2025 up to...

As you describe it, if the order is retroactive to 2023, you would need to file an amended return for 2023. You should read the new order carefully.

If the house is worth more than $18,000, the donor, your aunt, will have to file a gift tax return, but there may be no tax as she can take a...

Yes a quit claim deed is sufficient to pass title, but only to the extent the Grantor has title. It is basically a No Warranty Deed. If other heirs...

Generally, a tax preparer is only liable to the client for interest and penalty if he made a mistake, and it was more than an ordinary mistake....