Can my employer use my hourly wages to pay taxes on tips made, thus canceling out my total paycheck? in NM.

To my colleague's answer I would add that these matters are handled by the New Mexico Department of Workforce Solutions. You can file a claim for...

Employer claimed wrong amount on my W2!

If you maintained your own records of what you were paid, then consider reporting what you were actually paid instead of what was reported on your...

I have a home that I got by paying the back taxes and I want to give it to my daughter. Can it be done? It's not a home that I'm

Yes, you can transfer the house to your daughter but consider using an attorney to determine how best to do so in a manner that minimizes your tax...

Whether you can withdraw the cash from your late mother's bank account depends on the content of your mother's will (if any). Check with the...

Income tax, i was told i can claim my son if i financially support him more than half which i do, can i claim him?

Yes, you can claim your son as a dependent for federal income tax purposes if you provide more than 1/2 of his support -- and this includes not...

I would like some general information about the income tax consequence of legal settlements.

I agree with Mr. Buck and would add that attorney's fees and legal costs associated with the recovery are not deductible as itemized deductions to...

How does the IRS determine which year gifts are allocated to when counted towards the $14,000 maximum per year?

The IRS uses a first-in-first-out (FIFO) basis for determining which gifts from the donor qualify for the annual gift tax exclusion (check date). ...

INCOME TAX QUESTION How do I report some money(75K) that came from abroad, which I used to give as down payment on my house?

It depends on whether you reported this income in prior years when you rented your apartment in Brazil. US citizens are taxed on their worldwide...

Form W-4 is not filed by your employer with the IRS. Rather, your employer keeps the Form W-4 internally as evidence of your employment status and...

After being separated for 2 years do I still have file married filing separated on tax return? No divorce in sight

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