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My comment assumes that you will incur a loss on the repossession of the mobile home since it's value is currently underwater (mortgage balance is...

Years ago a friend used a fake SSN for work. Now the company is being audited and name and SSN have come up as a discrepency.

There are serious consequences to a taxpayer that is less than truthful in their answers to a tax auditor - regardless of whether the auditor is...

I am 2 yrs unemployed, own no property & moved home. Can govt seize parents property because of my fed & state back taxes owed?

A tax authority can only seize property that you own or is in your name, so your parents' home should not be subject to your tax liens if the house...

Innocent Spouse Relief

The IRS determines a taxpayer's eligibility for a collection alternative based on their "collection potential" (which is a determination based on a...

I didn't file my taxes in 2007, 2008 & 2009 due to my fiancé was extremely sick & in & out of the hospital & doctors office ALL

A taxpayer that fails to file their federal income tax return forfeits their right to a refund for such taxable year if the taxpayer does not...

Do short term dancer agreements between a company and dancer require that the company acquire tax form 1099 if the pay is $800?

How much control will you have over these dancers' working conditions and finances? What does your agreement say about their employment status? ...

I'm a GC holder - haven't filed taxes in 2011 because my income was less than the amount required to file for my filing status.

Although a taxpayer is not required to file a tax return if their income is below a certain threshold, consider filing a tax return anyway because...

Do I need a tax attorney?

Call it self-interest, but I never recommend that a taxpayer represent themselves in a tax audit (unless the potential increase in tax liability is...

Divorce final in Mar. Per decree I filed 2012 taxes & gave her 1/2 of refund. Must I copy her all docs? The decree didn't say.

Taxpayers that filed as "married filing jointly" have equal rights to obtain copies of their returns. If she doesn't get a copy of the tax return...

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The annual gift tax exclusion is $14,000 for 2013, and this annual exclusion can change each year since it is adjusted for inflation. However,...