Am I in trouble with the IRS, and if so what actions do i need to take?

You have outlined a tangled set of facts. You may not be in as much trouble as you think. Consider calling the IRS yourself. If only a balance...

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Husband owes back IRS, how should we file?

Another contributor mentioned discharge of your taxes. Past year income taxes are sometimes discharageable in a Ch 7 bankruptcy, but only if you...

I am a small business with no employees. I was recently advised to switch to an S corp and did. But now I see that it is more

A S Corp election remains in effect until terminated. Once terminated, you cannot make another election sooner than 5 years without the consent of...

File tax return

There is not enough information provided to fully answer your question. Married individuals can file jointly or separately. The issue of...

Fill in homemaker, unemployed or other appropriate description.

Income taxes

You are to be congratulated for your noble and generous gesture. Yes, the reciept of a prize or property is considered taxable income. The amount...

Weather i can file the tax for the tuition fees i paid in the year 2007 and 2008?

Yes, it may be possible to take a deduction, or even a credit, for tuition fees paid to an accredited post secondary education institution. ...

What happens if a person files their taxes and claims two dependents that do not qualify as dependents

If this is a first offense and not part of a consiracy with others to inflate refund amounts, then jail time is unlikely. A referal to the...

I am convicted of income tax evasion, will go to jail & cannot pay what I owe. Can Govt take my & my wife's social security.

I am sorry to learn of you difficulty. So long as the tax debt is yours (not from a jointly filed return), your wife's income and property should...

Is it possible to receive a refund if alimony was only income?

Alimony is income and must be reported in the year that it is received. Because a deduction is not made from the alimony payment for taxes, you...