My employer with held federal/state taxes from my paycheck, but did not pay those taxes that were with held for 2 years?

You will get credit for the amount of withheld taxes properly reported on your W2, even if the employer did not actually pay them. It is likely the...

How can I not pay taxes profit earned from LLC partnership? Can profit earned be re-invested without paying tax ?

There is no simple answer to your question as to what is the best way to organize your business to minimize taxes. You should consult with a tax...

My dad wants to give me a house he owns? I want the least tax consequences for me. which is the best way to go

It really depends on the facts and circumstances in your case, but generally, tax wise, you might be better off if he leaves you the house in his...

My mom has an old junky $40,000 rent house. She's from Brazil but lives in US and i was born here?

Yes you are on hook because deed is in your name. You should consider discussing this issue with a tax attorney, and considering various options...

Do we have to claim the money we get of selling Dads house?

Not enough facts to determine if you received the house by inheritance (if step mom waived her right and you were next in line), or by gift from...

Does the deed on RE signify absolute ownership

Yes - but it is a facts and circumstances test for the IRS - they presume the owner is the name on the deed, but if you can prove that you are a...

When a father of adult children dies owing money to the IRS for income taxes, can the IRS try to make the children pay?

The IRS can collect from the assets that comprise your husband's probate estate. Typically, if you file a probate case for your husband's estate,...

Can i hire a tax attorney on a contingency basis to get paid from the return in order to process 3 years back taxes?

It is an ethical violation for a tax attorney to have the attorney fee contingent on the amount of refund. Therefore, I don't think you will be...

I generally do not recommend filing amended return unless there is a substantial change, as all amended returns are subject to audit. Also, if the...

1099 s is not correct?

You should request a corrected 1099 from the issuer. If Issuer will not file and give you a corrected 1099, you should report the full amount on...