How can an estate prevent seizure and levying against its assets from IRS?

Yes. There are things that can be done. To some extent the outcome may be dependent on where the estate is in the collection process. Some...

If you filed your return with the filing status married filing jointly (MFJ), your wife is equally liable for the taxes due. Would she really...

Selected as the best answer

Tax questions and child support?

The child support issue has been well addressed by my colleague. With regard to federal taxation, the custodial parent is presumed by the IRS to...

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?

In addition to the excellent remarks of my colleague, there is another point. When you wrote "put it on last years taxes"; did you mean that you...

Selected as the best answer

Tax refund-divorce

No. Dependency exemptions cannot be split between taxpayers. That's why it is common for a divorce decree to give the exemption in full to each...

How do i get copies of my tax returns?

You can obtain an exact copy of your returns by completing IRS form 4506. The IRS charges a fee for each year. If you only want the data from the...

Can S-Corp income be re-invested into real estate or an investment account instead of being paid as salary and taxed?

The LLC is an entity formed under your state laws. An S-Corp is an entity classification for federal tax purposes. When you obtained your tax...

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

You must have taxable compensation from which to contribute. Generally this means W2 wages, self employment income or taxable alimony. Interest,...

Can I obtain tax filings directly from IRS with a court order?

Your attorney can issue a subpeona for business and tax records to include tax returns. Generally tax returns are excluded from discovery in civil...

Can a Child support Judge order a Custodial parent to sign 8323 releasing child so that non-custodial parent can claim on taxes

Yes. Beginning in 2009, the non-custodial parent may no longer attach a copy of a divorce decree to claim a dependent exemption. Instead, the...