The PTIN, Practitioner Tax Identification Number, is specific to an individual tax practitioner, is assigned by the IRS to show that individual is...

Can I sue an IRS for repeatedly giving out my SS# to third parties?

You may want to read Internal Revenue Manual 1.17.5.1-20, which provides a good discussion of who may sue the IRS for what. However, unless you...

If buy a house in Arkansas and use it for rental property, do I have to report the rental income to IRS if I am over 65.

Yes, the rental income and rental expenses, including depreciation expenses if elected, would be reported on Schedule E of your individual Form...

My husband and I have been together for 13 years and married for five of those

Filing a tax return as Married Filing Joint does not entitle you to spousal support, but could be one of several factual matters that a Judge may...

As an employer, can one opt out of obamacare on a state level? Is it already on effect in all the states? Will it be repealed?

First, if you are starting a new business, you ought to know that Obamacare only applies to employers who have 50 or more employees. Employees does...

Homestead exemption canceled. Over 65 fixed taxed canceled.

You should be able to reinstate your exemptions and correct account if your absence was only temporary.

Generally, you are subject to tax on the distribution: ordinary income tax on the amount included of company contributions, capital gain on the...

Gifting assets to a dynasty trust.

I agree with Frederick - I'm surprised you may not already have a tax attorney you trust to discuss this proposed transaction. Such a serious...

State Sales Tax and Franchise Tax owed from 2010-2011

It appears from your comments that it is correct that you owe the taxes. However, if you financial situation is as problematical as you describe,...

Is the Generation Skipping Transfer Tax exemption separate from the estate tax and lifetime gift tax exemptions?

Enclosed below is an excerpt from my seminar on federal taxes. The GST tax is separate from estate/gift tax, and has different tax rates and...