Escrow company released earnest money to developer pursuant to an arbitration award. What tax ramifications will this have..

If you are the buyer and you lost your earnest money then, as Mr. Lively to thoughtfully describes, it depends upon whether it was for a personal...

WIll there be any Tax exemption or what will be the tax ratio on the online Business operated from some other country?

When you refer to your "tax ratio" is it curently zero? In other words, the percentage of your sales which is taxable in the U.S. is currently...

Is foreclosure sale void when 'title' was in Lender's name prior to sale & borrower not on title tax records?

You need to immediately hire a competent real estate lawyer like Joel Kantor 310-442-5300. This is a complex fact situation that cannot be...

Where do we go from here, we now have no paperwork, no 1099s. tried to do the right thing, and got screwed

It is unfortunate, as Mr. Lively pointed out in his usual masterful style, that the tax resolution business is filled with charlatans. You should...

IRS Form 2848 is the power of attorney which allows you to sign the tax return and based upon which you will get a CAF assigned. Form 56 is...

I am currently in not collectible status with the IRS will they take the whole amount from my disability back pay I am expecting

The IRS is not going to take your disability back pay while you are in currently not collectible status. The IRS will continue to monitor your...

Tax returns for children

You would seem to have the right to claim the child tax credit every year. The exceptions would be if (i) the marital decreee provides otherwise...

No it is not legal for your husband to sign your name on the tax return unless you have specifically authorized him to do so. The IRS will...

Selected as the best answer

You should call Jason Hirshon at 503-766-5839, a real estate lawyer licensed in Portland. He will be able to give you the details and the probable...

What is the US tax law for expats accepting a job outside? How complicated is the law? Does one pay state and federal taxes?

By expatriate we normally mean a U.S. citizen or resident who has undergone the process described in Internal Revenue Code Section 877A, which is...