Went to work for a company. it closed down a little while later.he helps me out with money from his on bank acct. do I file,

From your fact pattern I assume that the amounts you receive from "him" are gifts since you are not performing any services for your benefactor. ...

I am selling a house using " buyer financing". What are my tax responsibilities? How can I not be taxed on some use of the $$.

The tax consequences to you will depend on whether this property is your principal residence, which my comment assumes to be the case since you...

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If I had a person in the Philipinnes do IT work for me

Based on your fact pattern it does not appear that the foreign IT worker performed any services in the US (i.e., he provided IT services remotely...

I accepted an offer to become a partner in the advertising agency I work for. How will this affect my taxes?

It depends on how the LLC is taxed. LLCs can elect to be treated as partnerships, S corporations or C corporations for federal income tax purposes...

My wife is a green card holder, her father from china wants to give her a large sum of money will we be taxed?

The recipients of gifts are not taxed on such gifts, so neither you nor your wife should be taxed on this gift. A nonresident alien may be subject...

I received an $18,000.00 inheritance in Aug 2013 from my dad , will I have to pay state or federal taxes .

Gifts and inheritances are generally not taxable to the recipient - unless the amount you received was income generated from property of the estate...

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Should I do my taxes now after receiving DACA?

DACA is a weird law - it places you in a state of limbo in which USCIS agrees that you are not legally entitled to stay in the US but agrees not to...

I am self employed and have not payed taxes for 10 yrs,what are my options ?

Without having filed a tax return, the statute of limitations for the IRS to assess income taxes never starts to run. Not having filed taxes for a...

My husband and I have been separated over a year. He moved out. Do I have to file taxes with him or can i file head of household

I agree with my colleague that you do not need to file a joint return with your husband. However, you may want to file jointly because the tax...

You may not be able to claim your girlfriend as a dependent on your taxes. To claim a person as a dependent for federal income tax purposes...