It depends on what the lease contract provides. Generally, in most contracts, the security deposit cannot be applied against unpaid rent. You...

Tax filing status?

You should file married filing separate, (enter "applied for" in block for her tax id), and file Form W-7 (which can be done online) to apply for...

Generally, if qualified, contributions to an IRA may qualify for a tax deduction. The contributions accumulate tax free and are subject to income...

We are a residential plumbing repair company in Dallas, need to know about taxes

There are several factors to consider to determine taxable sales: is it commercial or residential, is it new construction or repair/remodeling, and...

Depending on your circumstances, if the LLC is treated for federal income tax as a disregarded entity, which per your comments may be the case,...

Receiving house from parents as gift. Do I or my parents need to pay for any tax if the value of the property is $700,000?

If transferred outright Parents are liable to file a gift tax return, although no tax would be due.

For stock that i receive as a GIFT (not by inheritance) what is my holding period to receive long-term capital gain treatment?

The Donee (you) gets a carry-over basis and a carry-over holding period.

If you have an S Corp, or a partnership, and it does not timely file the 1120S or 1065 return with K-1's, the company is assessed a penalty, not...

In 1993-1997 I didn’t fill my taxes. I had regular withholdings but did file. Moderate income like $30-40,000 a year.

It would be exceptionally unusual for the IRS to audit an individual for a tax return due 25 years ago. Also, since your withheld taxes, if...

Requested Modification but will anything get done?

Not clear what father is "behind 20,000" for - child support? Taxes? If taxes, your cousin, who I assume is jointly liable, but you don't say, then...