You may need to file information return items on your Form 1040 individual income tax return, and FBAR return.

The IRS will notice the discrepancy between the 2 parties and send a notice to each to explain, or acceot whatever adjustments they propose. You...

Yes, the state of Texas can garnish your tax return, by which I assume you mean they can take any refund you may be due. I also note, under...

It appears very unusual that you would be filing federal income tax return to claim a property tax credit for 2011, as it is now 2023 and very...

CNC - Currently Non-Collection status, is temporary administrative non-collection renewable every 2 years. You should get an IRS letter after 2...

Yes you can employ your parent as an employee or independent contractor, depending on whether you have the right to control how they provide the...

Generally, you have 30 days to appeal any Court determination. If the property has already been sold at foreclosure, for residential property, you...

Crypto is taxed as if it were property. The cost or basis of the crypto is what you paid for it. In the case of a gift, you (the donee) take the...

No - you now have an accepted contract with IRS. I recommend you read the agreement carefully, and be sure to stay in compliance.

If you are a US citizen or resident (green card) then you are liable for US income tax on your world-wide income. If so, you should file a return...