Boulder, CO
Tax Lawyer at Boulder, CO
Practice Areas: Tax, Business ... +2 more
Yes you're marital status for tax filing is determined by what it was on the last day of the year. The IRS was not a part of your divorce...
I agree with the above attorneys' answers. I would add that there are options for settling this tax debt or entering into a payment arrangement...
What you've heard is not correct. You're adding her to the title but not the loan. The mortgage interest will still be reported under your name...
Renting a condo that is located in Colorado requires the filing of a state of CO income tax return. This is because you have Colorado source...
The 10 year collection statute does not start running until the tax is assessed (14 days or so after filing). If you filed 2007 on time (April 15,...
Gift tax is not a real concern for most people. In any case it is only assessed against the giver and not the recipient. There is a $15,000...
You can never be held responsible for the payment of your new spouses past tax debts or his student loans. There are situations where if you have...
I agree that this is a small enough amount that you do not have to do anything with amending the return. You are obligated to file a correct...
As a single person you can exclude capital gains from the sale of your main residence up to $250,000 ($500,000 if you're married) provided you have...
The cancellation of debt is taxable income to you unless you qualify for an exemption. The one you're referring to is insolvency. If your debts...