Is the money from a settlement taxable?

The issue of how a settlement is taxed is, unfortunately, complicated. If the proceeds are from an employment case, they are ordinary income. If...

I had no income last year, but have a 1098 form.

Mr. Daloisio has given you a marvelous response about why you should file so that you can get a refundable credit (put money in your pocket).

What is the fastest way to receive a copy of my 2011 and 2012 Tax return from the IRS?

The fastest way to get return information is to request a transcript on line. Go to...

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Can I claim my mother as dependent because she made less then $3900 in 2013, but at same time she made some profit in stock ?

You will not be able to claim her as a dependent. The IRS gives a question and answer format for this at...

Filing Income Tax during Divorce - How to split income when filing married filing seperately

Once you establish a date of separation your earnings are separate property. So if you separated in the middle of last year, your earnings after...

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Dealer forged my signature on a promissory note for my vehicle taxes I already paid Also charge a 2800 PDI fee is this legal ?

You need to hire an attorney to help you with this matter. You should also call to the office of the attorney general and complain to the folks...

Good afternoon, My family doctor (and leading in all cases doctor) just got arrested for tax evasion! What should I do now?

If you need a new doctor for your disability case, then - obviously - work with the lawyer who is representing you to find a new one. In any...

Do we pay tax on lawsuits or lawsuit settlements in the State Of Texas and if so how much %?

If a portion of the settlement is for discrimination there is a basis for excluding it from income tax. This is a difficult topic so if the...

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Recently a family inherited property from the uncle who was died more than 20 years ago. How it will be taxed ?

It is unlikely that any estate tax is due as that would have been paid a long time ago. It is unlikely that it is a rental property as someone...

If you live out of state and co-own a few homes with a family member and they don't pay the taxes what do you do?

If your name is on the deed with other family members and the home is being foreclosed for failure to pay taxes you should pay the taxes so that...