Any property or real estate attorney please answer this question.

The maximum capital gains tax on the realized or taxable gain on the sale of real estate held for more than 1 year is 20%, and reduced to lower...

If i wanted to run an online clothing company in the state of Texas do i need a sales tax license?

Yes - whether your store has a physical retail outlet in the state of Texas, or you sell on-line, you will need to obtain a Texas sales tax number...

Do i need TIN or not ?when can i write NRA instead SSN or TIN for tax return?

You will need to apply for a TIN in order to be included on an amended tax return. However, unless you are from Canada, Mexico, South Korea or...

Can a corporation revive it's rights without penalty if they only done so after a lawsuit was filed on the corporation

The revival of the corporate charter for limited liability is effective only going forward from the date revived. The directors of the corporation...

What can I do if I got a seizure letter from IRS for tax owed?

Obviously, it apears you owe the IRS. If you owe less than $50,000, as it appears, you can obtain a payment plan on line at IRS.gov. The notice...

What will happen if you filed single and you are married to a non-resident who is not currently living here in the US

Unless her return is selected for audit, there likely would be no adverse consequences for your Mother. However, it appears from your information...

Will I have a chance at winning a lawsuit against my tax preparer

As far as the IRS is concerned, you have a non-delegable duty to file the returns. If the failure to file is the tax return preparer's fault, that...

Are ag use rollback taxes assessed upon the death of a testate property owner or upon the transfer to the decedent's children?

Yes - as I recall you can continue the agricultural use exemption, if the property does qualify for that exemption, upon a change in ownership....

This question is regarding tax filing form for IRS or State of Texas.

Form 1040-EZ is the simplest form you can file if you are single or married, but there is no line on it for social security income. It appears you...

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Can I get a mortgage interest on a second home?

As I recall, you may deduct the real estate property taxes on a second home, but not the mortgage interest paid (unless an exception applies - such...