No, the IRS cannot collect your taxes from your husband's social security unless you filed a joint return with him that has an existing balance...

No. A tax lien filed in your husband's name will not attached a home titled solely to you. Most state secretary of state websites or your...

In the year the settlement payment was received. If the settlement calls for multiple payments then the total of the payments in the tax year...

Although some income taxes are dischargeable in bankruptcy not all income taxes are. To be dischargeable the tax debt must be more than three...

I agree that it would be best to create a separate LLC for your wife. If you want to make it even simpler and there are no potential personal...

Sorry to hear about your loss. No, the IRS cannot come after you for your Mom's tax debt even if you took actions to see it resolved or paid. ...

It would be the value of farm on the date of your Mother's passing.

If you registered with your state Secretary of State you can search their business filings for the entity formation date.

As stated previously there is a 10 year statute of limitations to collect tax debts. It is highly likely that this balance has expired. There are...

As a 50% owner you have a right to the tax returns. Even if you were a minority shareholder you would have a right to these tax returns. It...