Just adding son to the Deed will only provide son a partial interest in the property when you pass. You might want to consider a deed to son...

Business start up expenses are deductible by amortization over 15 years. The first $5,000 of startup costs may be deducted immediately, Except for...

As you describe it, it appears you may have filed the return with both K-1's. You could consider filing an amended return to show the correct...

Generally, the IRS cannot levy on the separate legal entity of the LLC. However, it can issue a wage garnishment or an income levy on the LLC for...

I suggest you consult with a tax lawyer or tax cpa who can best advise you on your options. It is possible you may qualify for other collection...

The way you phrase your question indicates you do not even know enough about employment taxes to ask a coherent question that can be answered in a...

If the credit card contract, and the credit card charges, were only of your husband (which as you describe it appears to be the case at least for...

Yes - just make sure the amounts entered on the tax return match the amounts shown on the IRS wage and income transcript.

You could send a Demand Letter by certified and first class mail. You might consider following up the Demand Letter with a lawsuit in small claims...

If you are a US resident for income tax, you must report your worldwide income, and related deductions, on your US tax return. You may be able to...