Can my wife and I claim our $500,000 deduction from the sale of our house which, on paper, is owned by a corporation?

Do you have depreciation to recapture? Do you have K-1s and prior 1065s for the LLC? You may have a number of issues here. Address the prior...

On the words below in a will, is the person inheriting money responsible to pay inheritance tax or does the estate pay the tax?

The estate will pay the taxes and expenses before distributing. To the extent there are sufficient assets in the residuary estate, the expenses...

I have provided the IRS an extracted copy of my 2011 Quickbooks file. They are demanding my entire file. What are my options ?

You would be well serve to meet with a tax attorney to address your options. Do not be pennywise and pound foolish. Your question is very fact...

Loaned niece and husband some money; now refusing to repay as stated. Can I report as loss on taxes.

You should be concerned about your scamming claim. You may be angry, but your written statement could be libel and she may sue you. Maybe she...

In the town of henderson nv, how long do I have to appeal the ruling? I missed the original court time.

You need to provide more details. i.e. the type of hearing, the name of the order entered and when it was entered, etc. It sounds like this is a...

Yes, the non-profit organization risks losing its tax exempt status and the donor's risk reduction or loss of the charitable deduction they took on...

1. Is it legal not to pay FICA and (2) if not legal how far back can we ask the IRS to go back to recover FICA taxes?

While I agree with Mr. Cohen, there may be an issue as to whether your father was an employee or independent contractor who received 1099. If he...

I have a LLC that sold its Apartment House it held in December 2013. There is still cash at 12/31/2013. Is this a final return

You do not address if the LLC is a single member LLC or not. If the LLC exists in 2014 and has expenses, then you may need to dissolve it and file...

My mother put my house in her living trust. I signed the Grant Bargain Sale deed over to her because she told me it was.

You need to do as recommended by my colleagues and gather your documentation and meet with an estate planning/litigation attorney. it may be...

How do I enforce a contested power of attorney?

Ms. Woodrum provides you with excellent advice; however, if your friend resides in Carson City you will need to contact the Carson City Sheriff at...