How can I minimize debt owed to IRS and creditors on behalf of (almost former) husband?

Since you filed jointly with your ex-husband for 2014, you will be liable for any tax arising from the 2014 taxable year, What is confusing is...

Money transfer from out side USA to USA ask about TAX & how to make all things right away from money laundering

The United States does not tax money transfers. Bank deposits and withdrawals are not taxable events for US tax purposes - rather, any funds...

The tax consequences on the sale of foreign property will depend on how the taxpayers (your parents) used the Columbian condo (personal use vs....

Capital gain on sale of foreign property.

It would appear that the sale of your property would generate capital gains. Nonresidential real property located overseas can only be depreciated...

A car trade gone horribly wrong, no clue how to handle

Consider filing a police report and a complaint with the New Mexico DMV with respect to this transaction. You can also file a small-claims case...

Do I need to file tax if my only income is $200 per year from a foreign bank account interest?

A taxpayer is only required to file a Form 1040 if he/she earns more than a certain threshold amount (refer to Publication 501 for details). ...

Normally, taxpayers who remain married as of the end of a taxable year are considered "married" for federal income tax purposes. However, if a...

In Arizona, which document supersedes the other? Divorce decree or Federal Tax Law when deciding who can claim kids as dependent

For federal tax purposes, federal law supersedes everything (including state divorce decrees). Having said this, you are also obligated to follows...

My husband kicked me out 5 years ago .we have a trailer on property that his brother and he owns do i have to pay the taxes?

As a general rule, only the person who owns real property is required to pay real estate taxes on such property. A deed is prima-facie evidence of...

The Texas Department of Insurance requires that any business that offers insurance as part of their services (e.g., travel insurance) obtain a...