First time home buyers credit

You may take the credit in either year. The first time home buyer credit for qualified purchases made in 2008 may be electively be claimed either...

As a non US citizen & non resident owning a holiday home in Florida,am i liable for any tax on the sale of the home.thank you

Yes, the gain from the sale will be treated as income effectively connected with the U.S. As mentioned elsewhere, FIRPTA may require the Buyer to...

Business

If you intend to establish a corporation, partnership or other entity recognized by you state, you will need to obtain and Employer Identification...

I need some advice on taxes asap!!!

I agree with attorney Fromm. Moreover, if his attorney has actually spoken to you ("his attorney said") and threatened that he/she will somehow...

The remedy is to file IRS Form SS-8. The IRS will determine the status of your father as an employee or independent contractor. This form may be...

The non-profit status of the employer is irrelevant. The portion of payroll taxes contributed by the employer and taxes withheld from employees...

A judgment creditor (the payday loan company) can collect the money due from any asset that you have or any asset in which you have an interest. ...

If my exwife has not worked for over 6 months and my income provides for over half of her income....can I claim them on my taxes

The dependent exemption is presumed by IRS regulation to go with the parent with whom the child lived for more than 1/2 of the year. However, your...

The hobby loss rule grew out of abusive tax shelter schemes, as for example buying a horse for your daughter and then using the horse in a farm...

Can a child support order supercede federal law as to who claims a child as a tax exemption?

Non custodial parents seeking to claim the personal exemption must attach a copy of a valid state court order or decree to support their claim. If...