Taxpayers are responsible for providing their tax preparers with all information required to file an accurate return. How your tax liability goes...

To receive legal protection, designs must be filed with and accepted by the US Patent and Trademark Office. The design must have copyright,...

Given the deadline for your tax case, consider whether the IRS Chief Counsel will agree to a continuance in order to resolve the matter. In my...

This is not really a tax question as much as it is a divorce or family relations issue. Your ex-husband’s attorney is an extension of your...

If one has a holding company, what should be done to create the operating company for it?

A holding company is traditionally used only to hold investments - in this case, the assets or ownership interests of the operating company. A...

The IRS looks at the "origin of the claim" (what was the underlying basis of the legal dispute) to determine (a) whether a damage award is taxable...

You might. Transfers of property between spouses are 100% exempt from gift/estate tax if your spouse is a US citizen. Since your wife is a US...

Tax returns for S corporations (Forms 1120S) are filed separately from tax returns for individuals (Forms 1040) - and there is no way to tell...

What will our tax situation be at tax time as far as a 1099c is concerned?

Sorry to hear about your problem. From your fact pattern it sounds like the mortgage company foreclosed on your house in exchange for cancelling...

How do I know if i need an attorney?

The "detectives" that visited you are, in reality, agents with the IRS' Criminal Investigation Division (CID) - and about the most powerful law...