Grand-mom and EIC

I'm sorry for the loss of your daughter. If your grandchildren lived with you more than half the year and you provided over half of their...

I have filed Voluntary Discolsure forms. Do I need a specialized attorney to attempt to decrease the 17.5% penalty?

In short, yes. The ability to reduce the penalties depends on a number of factors. Only a tax attorney experienced in tax controversies and...

Concerns about FATCA and moving to Ecuador

FATCA requirements are a bit more complicated than might be able to be explained in this forum. However, in general FATCA only requires a US payor...

What is the minimum amount in earnings per year required for a person to have to file tax return?

That depends on a number of factors. However with $20,000 in income, you would have to be married filing jointly and one spouse would have to be...

No 1099 reporting is only required if you are in a trade or business. Even then, the amount must be over $600.

Selected as the best answer

I agree with Attorney Corrigan. It seems that there may have been a loss carried back to prior periods. Additionally, it may mean that you have a...

If you don't have a presence in other states such as an office or a partner, the there is likely no need to collect and remit sales tax in other...

Gift Tax- Who's responsible to pay?

A person can make a gift of $14,000 per year per recipient with no tax consequences. Gifts beyond the $14,000 will require the GIVER to file a gift...

A W9 is typically used when you are expecting to report income to a person, usually by a 1099. A refund is not income. So I don't see why one would...

The irs is garnishing my ex-wife for my back taxes from before we were married can i stop this & how?

It is possible. You can enter into a installment agreement with the IRS. Another avenue to explore is whether your ex-wife is eligible for...