The irs had a lien on my property and when sold took the proceeds. Can I file this as a loss on my tax return?

Which loss are you referring to....I assume the loss you refer to is generated because the sales price of the property is less than you...

Can a person who is not an active member in an LLC transfer shares to their spouse who is active without tax penalties?

Yes, this would only be a gift, and if it is less than $5,120,000, there will not be a tax, but this might not be the case if there are prior gifts...

My mother in law has a Fidicomiso in Colombia and she gave 3% of it to myself and my wife in 2010. What are my filing req.?

This question will at least require that the agreement be read, as the answer depends on your status as a beneficiary, owner and/or trustee and on...

Au Pair's Taxes

Likely yes, you can deduct if it does not lead to a degree and it helps improve your skills. You likely should get a CPA to do this unless he feels...

Is interim spousal support taxable

Not enough information as the other attorney illustrates.... If the spousal support is alimony, then it is deductible and the other spouse has to...

If I give birth this coming September 2012 when can I change my tax status to head of household and claim a dependent?

Your eligibility is determined on 12/31/12 so you don't need to do anything except file your tax return. In September, do a new Form W-4 and claim...

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Do we need to worry about capital gains? (California)

I applaud the attorneys who answered your question. The 2 year reinvestment is very very old law and no longer applies.

I will be moving abroad for a min. of 3 years. I am selling my house and cars. Question about state residency & taxes

Two Concepts: Domicile versus Residency. You can have only one domicile, but you can have many residencies. Domicile is a much narrower concept,...

I concur with the others, so long as you have "basis" in the loss. For example if you lent money, then it is a bad debt. But if you are on the...

Do we have to pay taxes on money left in a bank account left from our mother to us...around $160.000?

Generally, an inheritance is not taxable as income to the heirs which seems to be the case here. Note that there may be an "inheritance tax" (what...

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