You do have a right to reimbursement. However, to collect you will probably have to sell the property, either by getting the heirs to transfer...

SSN Benefit Eligibility ?

Depending on the particular country to which you may be a resident, you may be able to obtain credit in that country's social security system for...

Generally, receipt of a gift by the donee is not subject to income or gift tax. A donor who is a nonresident alien may not be liable to file a gift...

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.