I am a green card holder - I am expecting an inheritance from The Netherlands. Do I pay taxes on this in the US?

IRS Section 102 provides that an inheritance is not taxable income. However, if the amount is $100,000 or more you must file an IRS Form 3520.

Is there a legal precedent for child support and tax deduction?

If you wish to know the federal tax rules for the child tax credit go to http://www.irs.gov/uac/Ten-Facts-about-the-Child-Tax-Credit. It seems...

You may have problems under Texas law. For purposes of federal tax law, I think you are OK to pay over to the IRS the withholding taxes once you...

Tax Sale Past Due Water Bill for Home

You need to determine the facts. Why not contact a real estate lawyer in your area. Try Steven Neuner at 856-492-1928.

Can the IRS stop you from flying?

The new rules apply to people who owe $50,000 or more in tax. Go to http://www.nestmann.com/why-the-irs-can-now-ground-you

INNOCENT SPOUSE RELIEF: FILING SEPARATE RETURN BUT LIABLE FOR HALF OF HUSBAND'S TAXES BECAUSE OF COMMUNITY PROPERTY?

You do not want to file jointly with him. As for innocent spouse relief, go to the IRS web site to learn the rules which can be complicated:...

First, you should pay the federal tax. Second, if you took money out of the LLC at the time that it owed any state tax you should make sure to...

1031 Exchange Tax

The normal rule is that a foreclosure results in CODI: cancellation of debt income, which is ordinary income. Mr. Lively has given you a...

Tax Question

If you have not previously used it, then the answer should be "yes." If you are not sure from looking at your tax returns, you should talk to a...

A non-profit is collecting donations to fund a lawsuit to overturn a zoning decision by a Town Board. Is this legal?

It certainly sounds like it is a violation of IRC Section 501(c)(3) which reads, in relevant part, "no substantial part of the activities of which...

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