Tax refund-divorce

The IRS has its own rules for circumstances like yours and is not bound to follow an agreement made in family court. IRS Publication 17, Chapter 3...

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As a general rule, the proceeds of a life insurance policy, if paid by reason of death, are excluded from the beneficiary’s income. This exclusion...

Marriaged 11months and now aware of husbandhave tax debit personal property and IRS.My name is not on his mortage,or accounts.

There is good news, and there is bad news. First, you are not personally liable for IRS debt your husband incurred before your marriage. However,...

The IRS is fairly clear about the circumstances under which it can revoke an organization’s exempt status. A section 501(c)(3) organization will...

Can I contribute to a Roth IRA if my taxable income is solely from dividends and interest.

The answer to your question is – no. In general, you can contribute to a Roth IRA if you have “taxable compensation” and your adjusted gross...

I had bought a house in September of 2010. Can I put it on last years taxes on my husbands and I's joint taxes?

Your question is not entirely clear. The IRS will look to your marital status on December 31st and that will determine your filing status as...

Is it legal to split taxes when sharing a house and only one name appears on the loan but both names appear on the deed?

If I am reading your question correctly, it sounds as though you and your sister jointly own a home and share in the costs of home ownership. For...

"They" are the IRS.

Depending on your financial circumstances, the IRS offers several options for paying off your tax debt. If you have not filed your tax returns...

There are not enough facts here to answer your liability question. While as a general rule, an S Corporation does not owe or pay taxes because the...

Is a US Citizen living abroad on work visa required to pay US and/or state taxes?

The basic answer to your question is - yes - US Citizens are responsible for federal income taxes on their worldwide income regardless of where...