Rental property from personal name transfer to LLC ( self owned ). What are taxable events ?

Should be no effect if your LLC is a disregarded entity for federal income tax, which may be the case if you (or you and your spouse) are the sole...

Want to fix papers for my husband but tax information may be a problem . Please help

Rather a confusing question, but will try to answer as best I can. If you filed a joint return , you are liable jointly and severally for the tax...

How can I not be held liable for my Ex-wife's half of the tax debt

If the tax returns were filed married filing joint, you are both liable to IRS for the full amount, regardless of the divorce decree. The IRS will...

It appears you need to file an amended return. I recommend you consult with a tax professional in order to make sure your amended return is...

Can a creditor put a lien on my tax return in Texas

An ordinary civil debt collector cannot place a lien on or garnish your federal income tax refund. It is possible that if they have a judgment they...

Should I leave the US? Should I file for citizenship before my trip?

The limit for denying a sailing permit, or refusal to reenter, is owing taxes of $50,000 or more.

Will I owe capital gains income tax?

Probably not - you get a step up in basis for the cost or adjusted basis of the house to the fair market value as of the date of death. You will...

If someone gives you a 1099 for monies received as a gift to avoid overages in yearly gift amount is that tax evasion?

You should probably include what I assume is a 1099-M for non-employee compensation on Schedule C of your tax return, and deduct the same amount as...

Ex and taxes

You could file an extension of time to file the return, which would give you until Oct 15 to file.

Can the IRS take my stuff after divorce because of my x husbands tax debts?

While I have never seen this in my practice, it does appear that if a tax lien was filed prior to the transfer of the assets to you, even though...